Pacific Inter-Link (PIL) Group, which deals in bulk palm oil operations such as sourcing, refining and trading, says land around the lake region in western Kenya has been fragmented to levels that put into question the viability of large-scale farming of oil palm trees. Read: Cooking oil, soap shortage looms in palm export ban
How long does it take a palm tree to grow in Kenya?
Mr Saeed says the oil palm tree takes four to five years to mature and up to 10 years to reach full production potential, emphasising that Kenya’s palm oil import substitution is a long-term project. Kenya is estimated to consume about 875,000 metric tonnes of edible oil yearly.
Why is palm oil profitable in Nigeria?
Palm oil is lucrative due to its enormous demand internationally for its numerous uses as edible oil with plenty of substitutional advantages. Due to the decline in agricultural productivity in Nigeria, the country’s ability to increase production that can match the domestic demand and consumption became a challenge.
How to set up a palm oil processing plant in Nigeria?
There are many requirements for setting up a palm oil processing plant in nigeria which demands a feasibility study. These requirements include machines, available market, equipment, and labor. The project of setting up the plant should be technically, financially and environmentally feasible.
Where does oil palm grow in Nigeria?
According to World Rain-forest Movement, oil palm is indigenous to the Nigerian coastal plain though it has migrated inland as a staple crop (Bassey, 2016; PIND, 2011) [9, 20] . The Nigerian oil palm belt covers majorly nine states of the Niger Delta (Akwa Ibom, Abia, Rivers, Edo, Imo, Ondo, Bayelsa, Cross River and Delta). … …
How much palm oil is imported from Malaysia?
The value of imports from Malaysia, the bulk of which is crude palm oil, grew to Sh113.07 billion in 12 months through March 2023 from Sh106.47 billion, according to the Kenya National Bureau of Statistics. Read: Cooking oil prices triple as palm costs rise 33pc