₦airaland Forum

Welcome to the billionaire club. Am not into supply or marketing, I only do storage. We have the bigger boys in this club, namely the honourable minister of oil Danparosky and a host of others. Consult them. They are cool

OmidanOyin:
hello everyone. though am new here, and I just want to venture into so, palm oil in my location is 11,000

Very correct. 13k at port harcourt oil mill market today. Oil only

gifted21:
Oil mill market in port harcourt price update as at today is 13k for oil only

Good day everyone. price update coming in from port harcourt slaughter market today is 14k for oil only.

donparosky:
what a year, what a period. since i began palm oil business, palm oil has never been this scarce. congrats to all those who did storage ant to those still selling.
the price update sef dey tire me walahi cos its just surprising.
oil is 11k-11500k presently excluding rubbers and transport.

maybe my location is too costly, pls update us from your location.
peeo, eezeribe, sanod, etiumoh,menwongo,clasictutor,tublez,abeg hw market cos cold dey catch me for here o.

as we await d new price regimes after the ramaddan holiday, make yourself comfortable. pls read

WHY IS PALM OIL IMPORTANT?

Palm oil accounts for 35% of the world's vegetable oil market and there's a very good reason why.

Palm oil supports family
Palm oil supports livelihoods in developing nations.


Efficiency
Harvested all year round, oil palm trees produce on average 10 tonnes of fruit per hectare - far more than soya, rapeseed and sunflower crops.

This means oil palm requires 10 times less land than the other three major oil producing crops, soya, rapeseed and sunflower . In addition to the 3.74 tonnes of palm oil per hectare, 0.4 tonnes of palm kernel oil and 0.4 tonnes of palm kernel expeller / cake are also produced from the fresh fruit bunches or FFB.

Palm kernel expeller is used extensively in the energy and animal feed sector. Palm kernel oil is a widely used ingredient in the personal care market.

Good morning madam.am based in port harcourt. my business is based in Akwa ibom

Peeo:
@etiumo, where's your location sir?

thank you HONOURABLE for this important advice coming direct from a professional angle. i like taking professional advice from an authority before quitting. i want to assure u dat i will take it seriously. To other comrades out there in the struggle, take note, this is direct from the pulpit. u re adviced

donparosky:
you can store uptill 15k. dats d max price I can advise anyone not to exceed.
God bless our hussles

Hon minister of oil,danparosky I salute you. Do you mean to say or to forecast that oil prices will skyrock very soon? Cos am still contemplating storing more at this new price.your professional advice is most welcome

donparosky:
chai! Dis yr come too early o.
e no go easy walahi

LETS JOIN HANDS TO STOP AND EXPOSE PALM OIL ADULTERATION FOR BUSINESS SUSTAINABILITY

The Managing Director, JEKON Integrated Farms Nig. Ltd., Godswealth Henry, says Nigerian palm oil is the cheapest in the international market because Nigeria exports low-quality palm oil.

Henry said in Lagos on Thursday that the palm oil produced in Nigeria was not readily accepted in the international market due to its quality.

According to him, the Nigerian palm oil is full of cholesterol.

Cholesterol is a fatty substance made by the liver and distributed throughout the body. It allows our bodies to make vitamin D and hormones and makes up bile acids.

High cholesterol in the blood can interfere with blood flow throughout the body and high cholesterol means you have a lot more cholesterol in your blood than you need.

He said, “The palm oil being produced and marketed in Nigeria contain concentrated fatty acids.

“Nigeria’s palm oil does not meet the international requirements and when it is exported, you discover that they are cheaper while those that meet the international standard are very expensive.”

This, he said, had discouraged oil palm farmers from exporting palm oil.

According to him, the equipment to remove the fatty acids requires huge capital outlay which farmers cannot afford.

Henry said oil palm farmers needed assistance from the tiers of government through intervention fund for such capital-intensive project.

He said, “Such project can be sited in a locality where farmers can easily have access to them as well as those interested in exporting palm oil to remove the fatty acids.’’

He said oil palm farmers needed assistance to be able to produce oil to feed the local markets and export to earn foreign exchange for the country.

Henry said JEFKON integrated farms Ltd. had been lucky to acquire such equipment to remove fatty acids from red oil.

According to him, the dearth of oil palm fruit, especially during its lean season has made it impossible to procure palm fruits in commercial quantity to feed and satisfy supply needs of customers.

The managing director said the equipment was capable of producing 250 drums of high-quality palm oil daily.

“However, because of the scarcity of palm fruits, the company hardly gets 10 tonnes or 50 drums of palm oil in a week.

Henry said that about 99 percent of raw materials for the production of palm oil were still being sourced from Cross River.

He attributed the low production of palm oil to poor maintenance of the Okpara Oil Palm Plantations in Cross River, and non-establishment of new palm plantations since the 1960s.

Henry said that governments should resuscitate the palm plantations in the country to demonstrate they are serious about diversification of the economy.

The European Union suspended some agricultural food exports from Nigeria which include palm oil in 2016 due to its low quality.

This one is quit educative. I will run this experiment ASAP

Did one is quit educate. Am about running the experiment on some samples. Did thread rocks

donparosky:
oven drying method
simply take a sample of the oil, a bottle is enough, record the initial weight, place it in an oven to evaporate d moisture/use a cooking stove. remove the oil at intervals of 1hr to check the weight of d Oil. once a constant weight is attained for three consecutive weighing, then u can stop.the difference BTW d initial weight and final weight after drying gives u d %moisture content.
this gives u a rough insight on how much moisture is available in ur Oil. it's simple enough and quick. you can drop ur questions! good luck and God bless ur hussles

Scarcity of palm fruits n oil is biting real hard. Mills are making yanga to buyers. It has now become the sellers market. My people I haven't even stored upto half my target. I need a miracle

Palm oil price updates coming in from Etim Ekpo Akwa ibom state shows a price increase from 9500 to 10500 dis evening. I wish I had enough money to store. Hon minister pls do u still recommend storage at this new price?

My comrades in the house, let peace be still. Without peace in the house there will be no meaningful development. Danparoski, the minister of oil in d house has already told us that he has unreservedly forgiven everyone for whatever offences. Let's also forgive ourselves so that we can move ahead.

Danpasroky seem to have a heart of gold. He is even using his platform to advertise and recommend other dealers.But yet some of these dealers will go all out against him on their thread directly or indirectly whenever he is being recommended there. My brother, now I know the meaning of Christianity. Please keep up this attitude. Only God will crown your efforts. Don't be distracted. Am humbled

donparosky:
Frequently Asked questions
1: which part of d country is best to sale my oil
ans: North.
Like it or not, d best region to mk it in Oil biz is North. admist d insecurity trolling d region, it still remains d best option.
Presently Oil is sold for 11/12k in lagos when it's going for 14/15k in Jigawa, Adamawa,Gombe and most northern states.
caution: if u aint ready to take risk, then u are still comfortable with ur status.
question 2: how do I get clients in Oil biz
ans: d best way to get clients is by visiting bulk dealers, markets, companies, etc with samples. mk sure ur samples are good enuf @ a good price and u will be shocked on how receptive and ready d clients will be.
question 3: how do I get good quality Oil
identifying good Oil cud sometimes be tough for newbies. while d local Mills remains d best place to get good Oil at fair prices, d tax of validating d quality requires d assistance of dealers or experts. u can always contact them for assistance while learning from them until u r perfect.
On Naiaraland, I know a few like: peeo, sanod,menwongo, clasictutor, tublez etc.
question 4: whts d cheapest means of transportation
ans: it's d railway, but u must contact d management to help u out. they charge as low as 150 per cake.
hope I've answered most of ur questions, u can post unanswered questions here too.
God bless our hussles

well done mr Ugo. The main effort required in ur free range system is keeping away predators eg ants from invading the farm from the outside