heywhy4u: let us have more infomation on it. Like where to get groundunt in large tons? How much is the cost of groundunt per ton? What is the cost of the oil per liter? Where can one get the machine? How many people will operate the machine i mean labour?

heywhy4u: can this machine also soybeans oil and palm fruits oil?

agonbello:
Good questions.

1. Large quantities of groundnut is is obtainable in states like Niger, Kano, Kaduna, Benue and Taraba. That I know, anybody with info on other locations should please contribute.

2. Cost per ton of groundnut isn't fixed, it fluctuates and varies depending on the location. Sometimes its as low as N120,000 and sometimes as high as N160,000. Average cost can therefore be put at N(140or150)000.

3. Cost of oil per litre also isn't fixed. It depends on the manufacturer. However, average cost is N280 per litre. You didn't as for price of the groundnut cake (GNC). It sells at an average price of N80 per Kg (in the North. Its higher than that currently ). The Sludge is usually sold at a giveaway price. You can determine the price you want.

4. To my knowledge, you can get the machinery in Kano state or Kaduna state. Am based in Kaduna state. I ones worked at a company that imports and sells the machine in Kaduna state (AAM Plastics Ltd).

5. Three people can conveniently work in the mill. The machinery is easy to operate. It will take less three days for an inexperienced person to learn how to work with it.

If you do your computations well, you will find out that the profit expected from processing 1ton of the seeds is much higher than what I presented in the write up.

heywhy4u: what is name of the machine? And how long will it take to process 1 ton groundunt, soybean, etc

Ebi4life: . Thank u sir, I want to say that from ur analysis the profit is low compared to the cost. If 1 ton wil cost me 120,000 to buy it and my profit is 16,000 or 20,000 then its nt worth going into considering other logistics that u wil incure. If 1 ton of 120,000 cost can give me within 40,000 to 60,000 profit excluding other expenses, then it wil be worth doing.

agonbello:

Ok. But if you do your computations well, you will see that profit of about N40,000 is achievable. However, I deliberately presented N16,000, a low case scenario so that readers shouldn't anticipate much.

In any case, any serious investor will go for profit even as low as N5000, because he know its far much better than keeping his money idle in the bank. Ask any biz man, especially an Igbo man (Igbo Kwenu ) he will tell you that no amount of profit is small, for as long as it is profit and not loss.

classicuju: Interesting, i am a student of Food Tech. Sir, like how many litres of diesel can it take to process 1 ton?

agonbello: diesel?

classicuju: Yes, in case of no electricity supply

Paulordiah: How does the mills cost can I site in a residential ares

koonbey: Hi, there are 3 units of unused Oil Extractors available for Sale. Please contact 08032161013 if interested, or email @ ademola9@outlook.com.

waka2:
pls is d gnc edible for man or only for animal feed?

Paulordiah:
What is cost of one ton of groundunt, groundnut is usually sold in bags, how much is that bag and how many of those bags makes one ton. Paul 08130378328

wakes:

Can they extract MORINGA seed oil?