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  • How is palm oil processed in Nigeria?
  • Palm oil can be processed manually or with the help of machines. If one plans to go into commercial processing of palm oil, it is imperative to invest in the right machines. This means that you need to find out the prices of the machines needed. In this post, we will discuss some of the popular machines on the Nigerian market and their prices.
  • How much does an oil palm processing machine cost in Nigeria?
  • Factory oil palm processing machines in Nigeria cost between N355,000 and N355,000,000. The prices depend on the functions and capabilities of the machines. In US dollars, these machines range from $1,000 to $1,000,000.
  • How much does palm oil cost in Nigerian currency?
  • Palm oil costs between N1,022,400 and N1,057,900 for small scale palm oil mill press. Palm kernel oil extraction machine costs between N1,800,000 and N106,000,000. The prices mentioned are in Nigerian currency. The passage does not provide the cost of palm oil itself.
  • How much does a palm oil mill cost in Nigeria?
  • Small palm oil mill press costs between $2880 and $2980, which amounts to N1,022,400 to N1,057,900 in the Nigerian currency.
  • Is Nigeria a net importer of palm oil?
  • As explained below, Nigeria was a net importer of palm oil during the period under review. Imports have been increasing between 2005 and 2009. On average 23% of consumption comes from imports especially from West Africa (Table 2). Since Nigeria is an importer of palm oil, the CIF price was taken as the benchmark price.
  • Why should we investigate palm oil production in Nigeria?
  • In the case of palm oil in Nigeria, more investigations should be conducted to identify additional market inefficiencies. The protective policy measures partially protected producers: they received low disincentive in 2005, 06, 09 and 10 and incentives during the high food price crisis (2007, 08).