http://blog.ucsusa.org/lael-goodman/fda-bans-trans-fats-what-does-this-mean-for-palm-oil-consumption-in-the-us-761

Palm oil steps up to the plate
As companies have begun to reduce their reliance on partially hydrogenated vegetable oils in response to forced labeling and health concerns, palm oil has been a preferred replacement oil for food manufacturers because unlike most vegetable oils, is a solid at room temperature. This is due to the high degree of saturation of palm oil, which also has implications for health.

Already palm oil imports in the United States have grown dramatically since the early 2000s when many companies began to restrict use of trans fats and thus partially hydrogenated vegetable oils. In 2012, the United States imported around seven times as much palm oil as it had in 1999 when the FDA first proposed mandatory labeling. While the increase can likely be attributed to numerous factors, including the low cost of palm oil in relation to other vegetable oils, the decreasing use of partially hydrogenated oils played a role.

Thus although American consumers have already likely experienced an increase in palm oil consumption as food manufacturers reduced their use of partially hydrogenated oils, this new FDA announcement makes it likely that Americans will have even more palm oil in their diet.

This announcement is an opportunity for palm oil....

Good news

Good news, but it takes years to yield from it.
I no get that patience.

I see.

Good news for farmers

Palm oil takes three years to begin production. After that you can relax and enjoy its rewards for 25 to 40 years.

Honestly, there is no real business that you do that does not take at least 3 years to pay back.

Palm oil originated from Nigeria. It is a trillion dollar business.

Malaysia, Indonesia, Thailand youths are making billions from Palm oil.

Yet, Nigerian youths are not reaping from the legacy plant of their ancestors. Yet many Nigerian youths are jobless.

The easiest way to alleviate mass poverty and unemployment is to lease 5 - 10 acre plots of land for oil palm planting to youths looking for work.

Those farms should be colocated in specialised estates or districts so that one oil mill can efficiently serve a good number of those small oil palm farms.

A 5 acre plot of oil palm, intercropped with cassava, plantains, and/or vegetables could easily provide $5000 to $20000 in supplemental yearly income with prudent management. A 10 acre plot could double that figure and more.

We need to think more in this country!

i am interested in palm oil but i want to know the profit and
1.how to get the seeds/hybrid if there is any?
2.how to extract and process it?
3.how profitable is it?
4.how many times will it take to harvest after 3 years

I am interesting in this too. I think IITA should have hybrid palm seed or NIFOR. Those are the two recognized organization on agric research in nigeria. The palm oil plantation is part of my future project.

sjahdey:
The easiest way to alleviate mass poverty and unemployment is to lease 5 - 10 acre plots of land for oil palm planting to youths looking for work.

Those farms should be colocated in specialised estates or districts so that one oil mill can efficiently serve a good number of those small oil palm farms.

A 5 acre plot of oil palm, intercropped with cassava, plantains, and/or vegetables could easily provide $5000 to $20000 in supplemental yearly income with prudent management. A 10 acre plot could double that figure and more.

We need to think more in this country!

awa ppl say it cannot be done until we have true federalism.