Is palm oil refining business lucrative in Nigeria?

The palm oil refining business in Nigeria has promising growth prospects and is highly lucrative. Its market demand and production cost are the main determinants.

Regarding market demand, the demand for refined palm oil in Nigeria's domestic and foreign markets is very large, and it is increasing year by year. Refined palm oil is less than palm oil, which can better reflect the preciousness of refined palm oil.

Palm oil production and consumption

Concerning production cost, it includes two parts: raw material cost and production equipment cost. The first is raw material cost. Nigeria's climate is very suitable for planting palm fruit trees, and the sufficient raw materials make the prices of palm fruit lower. Therefore, the cost of raw materials for the production of palm oil will be further reduced.

Palm fruit trees

The second is the cost of refining equipment. Henan Glory Company are a professional equipment manufacturer for more than 10 years on palm oil refining. We can not only provide stand-alone equipment and the entire production line, but also help with site design and other needs for factory construction. Our equipment has been successfully installed and put into production in many countries, and the equipment has been well received by customers. In addition, because our Henan Glory Company designs and produces equipment by ourself, we can provide higher quality equipment for the same price, and for the same quality equipment, we can provide lower price.(Recommend reading: Palm oil refinery plant)

Palm oil refining machine

If you are interested in our equipment or want to know more about palm oil refining, please feel free to contact us to get more.