| Groundnut Processing by iniobong888(m): 1:26pm On Feb 04, 2022 |
As a farmer when you add value to your produces you could double or triple your earnings. A farmer can add value to all his produces. Our consideration today will be groundnut. I will try to compare gross earnings from selling raw groundnut vis a vis processing groundnut in this write-up.
Nigeria is the third largest producer of Groundnut in the world, the first in Africa. Groundnut is a legume crop grown mainly for its edible seeds. Depending on the variety it takes three to four months to mature, which means that it could be planted twice or thrice a year. The yield per hectare ranges from 3 to 5 metric tonnes or more if the best agronomic practices is adhered to.
Groundnut can be processed into many things either as a main product or as a secondary product, but not limited to the ideas mention here;
1. Fried groundnut ( you can fried your groundnut with spice or even with honey).
2. Groundnut oil
3. Groundnut butter
4. Groundnut cake for animal feeds
5. Groundnut biscuits
6. Peanut burger
7. Kulikuil
In this writeup, I will draw a comparison between a farmer who plants groundnut and sells as a raw material and the one who processes it into groundnut oil, groundnut Cake(used as animal feed) and groundnut sludge.
As of January 2022, a ton of groundnut was going for N600,000. Which means if a farmer produce at least 3 tonnes of groundnut from one hectare, he will make a gross revenue of N1,800,000. ( After 3 months)
However, if a farmer decides to plant groundnut and process same to groundnut oil and groundnut cake and ofcourse there will groundnut sludge.
As of January 2022, 25 liters of groundnut oil was retailing for N30,000 and 1kg of groundnut cake was selling for N1,500 and 1kg of groundnut sludge was selling for N1000.
It is important to note that one metric tonnes of groundnut when process will give 420 litres of groundnut oil and 480kg of groundnut cake and 40kg of groundnut sludge . One must be careful as there is a specific groundnut type that gives higher oil quantity.
Using our 3tons of groundnut yield to illustrate the processing of these three items. From 3 tons of groundnut, one will make 1260 liters of groundnut oil, if you are selling 1liters of groundnut at N1200, it means that 1260 liters will be N1,512,000 .
For groundnut cake from 3 tons, one would get 1440kg of groundnut cake, if one is selling the cake at N1500 per kg that would be N2,160,000.
For groundnut sludge from 3 tons, one would get 120kg of groundnut sludge, if one is selling the sludge at N1000 per kg that would be N120,000 .
If you add up the amount made from this processing , you would found out that the farmer that process has double his revenue from the three processing that was done simultaneously (groundnut oil , groundnut cake and groundnut sludge) . He has made N3,792,000 .
A sweeter part of groundnut processing deal is if a farmer is packaging kulikuil or peanuts butter, the revenue is higher.
As a farmer wouldn’t it be better to double or triple your revenue by adding value to your produce ? 2 Likes 
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| Re: Groundnut Processing by Corrections: 7:01pm On Feb 04, 2022 |
Wow!! |
| Re: Groundnut Processing by stagger: 8:06pm On Feb 04, 2022 |
iniobong888:
As a farmer when you add value to your produces you could double or triple your earnings. A farmer can add value to all his produces. Our consideration today will be groundnut. I will try to compare gross earnings from selling raw groundnut vis a vis processing groundnut in this write-up.
Nigeria is the third largest producer of Groundnut in the world, the first in Africa. Groundnut is a legume crop grown mainly for its edible seeds. Depending on the variety it takes three to four months to mature, which means that it could be planted twice or thrice a year. The yield per hectare ranges from 3 to 5 metric tonnes or more if the best agronomic practices is adhered to.
Groundnut can be processed into many things either as a main product or as a secondary product, but not limited to the ideas mention here;
1. Fried groundnut ( you can fried your groundnut with spice or even with honey).
2. Groundnut oil
3. Groundnut butter
4. Groundnut cake for animal feeds
5. Groundnut biscuits
6. Peanut burger
7. Kulikuil
In this writeup, I will draw a comparison between a farmer who plants groundnut and sells as a raw material and the one who processes it into groundnut oil, groundnut Cake(used as animal feed) and groundnut sludge.
As of January 2022, a ton of groundnut was going for N600,000. Which means if a farmer produce at least 3 tonnes of groundnut from one hectare, he will make a gross revenue of N1,800,000. ( After 3 months)
However, if a farmer decides to plant groundnut and process same to groundnut oil and groundnut cake and ofcourse there will groundnut sludge.
As of January 2022, 25 liters of groundnut oil was retailing for N30,000 and 1kg of groundnut cake was selling for N1,500 and 1kg of groundnut sludge was selling for N1000.
It is important to note that one metric tonnes of groundnut when process will give 420 litres of groundnut oil and 480kg of groundnut cake and 40kg of groundnut sludge . One must be careful as there is a specific groundnut type that gives higher oil quantity.
Using our 3tons of groundnut yield to illustrate the processing of these three items. From 3 tons of groundnut, one will make 1260 liters of groundnut oil, if you are selling 1liters of groundnut at N1200, it means that 1260 liters will be N1,512,000 .
For groundnut cake from 3 tons, one would get 1440kg of groundnut cake, if one is selling the cake at N1500 per kg that would be N2,160,000.
For groundnut sludge from 3 tons, one would get 120kg of groundnut sludge, if one is selling the sludge at N1000 per kg that would be N120,000 .
If you add up the amount made from this processing , you would found out that the farmer that process has double his revenue from the three processing that was done simultaneously (groundnut oil , groundnut cake and groundnut sludge) . He has made N3,792,000 .
A sweeter part of groundnut processing deal is if a farmer is packaging kulikuil or peanuts butter, the revenue is higher.
As a farmer wouldn’t it be better to double or triple your revenue by adding value to your produce ?
I saw your post on Facebook. Bravo! 1 Like |
| Re: Groundnut Processing by iniobong888(m): 9:00pm On Feb 06, 2022 |
Thanks a million |
| Re: Groundnut Processing by Theophinio(m): 9:05pm On Feb 14, 2022 |
A very wise analysis boss
Let me follow you immediately
You know your onion |
| Re: Groundnut Processing by quadraheem(m): 12:37am On Feb 15, 2022 |
Quite interesting but you didn't tell us the costs of planting the estimated 3tons. |
| Re: Groundnut Processing by shariff84: 8:23am On Feb 15, 2022 |
iniobong888:
As a farmer when you add value to your produces you could double or triple your earnings. A farmer can add value to all his produces. Our consideration today will be groundnut. I will try to compare gross earnings from selling raw groundnut vis a vis processing groundnut in this write-up.
Nigeria is the third largest producer of Groundnut in the world, the first in Africa. Groundnut is a legume crop grown mainly for its edible seeds. Depending on the variety it takes three to four months to mature, which means that it could be planted twice or thrice a year. The yield per hectare ranges from 3 to 5 metric tonnes or more if the best agronomic practices is adhered to.
Groundnut can be processed into many things either as a main product or as a secondary product, but not limited to the ideas mention here;
1. Fried groundnut ( you can fried your groundnut with spice or even with honey).
2. Groundnut oil
3. Groundnut butter
4. Groundnut cake for animal feeds
5. Groundnut biscuits
6. Peanut burger
7. Kulikuil
In this writeup, I will draw a comparison between a farmer who plants groundnut and sells as a raw material and the one who processes it into groundnut oil, groundnut Cake(used as animal feed) and groundnut sludge.
As of January 2022, a ton of groundnut was going for N600,000. Which means if a farmer produce at least 3 tonnes of groundnut from one hectare, he will make a gross revenue of N1,800,000. ( After 3 months)
However, if a farmer decides to plant groundnut and process same to groundnut oil and groundnut cake and ofcourse there will groundnut sludge.
As of January 2022, 25 liters of groundnut oil was retailing for N30,000 and 1kg of groundnut cake was selling for N1,500 and 1kg of groundnut sludge was selling for N1000.
It is important to note that one metric tonnes of groundnut when process will give 420 litres of groundnut oil and 480kg of groundnut cake and 40kg of groundnut sludge . One must be careful as there is a specific groundnut type that gives higher oil quantity.
Using our 3tons of groundnut yield to illustrate the processing of these three items. From 3 tons of groundnut, one will make 1260 liters of groundnut oil, if you are selling 1liters of groundnut at N1200, it means that 1260 liters will be N1,512,000 .
For groundnut cake from 3 tons, one would get 1440kg of groundnut cake, if one is selling the cake at N1500 per kg that would be N2,160,000.
For groundnut sludge from 3 tons, one would get 120kg of groundnut sludge, if one is selling the sludge at N1000 per kg that would be N120,000 .
If you add up the amount made from this processing , you would found out that the farmer that process has double his revenue from the three processing that was done simultaneously (groundnut oil , groundnut cake and groundnut sludge) . He has made N3,792,000 .
A sweeter part of groundnut processing deal is if a farmer is packaging kulikuil or peanuts butter, the revenue is higher.
As a farmer wouldn’t it be better to double or triple your revenue by adding value to your produce ?
where on earth is groundnut cake selling @ 1500 per kilo?. Even last week we sell cake @250/kilo! |
