₦airaland Forum

franvincoop:
Very profitable ko?

I am sure you have never eaten Groundnut oil in your life.
I mean oil which is pressed from groundnuts.
If you have, tell me the brand name and the manufacturer in Nigeria since you say its very profitable.
All those half truths you are saying abt vegetable oil, there is no oil called vegetable oil even groundnut oil is vegetable oil.
When you read vegetable oil knowsay na Palm Oil.
Palm nuts will yield more oil per hectare than groundnut and if people are complaining that Palm oil is expensive, how many people can buy 1 litre of groundnut oil, I repeat when I say groundnut oil I mean oil that is pressed from groundnuts.
Do you know how many kg of groundnuts will give 1 litre of oil?
Do you know price of groundnut per kg?

FYI, 1 litre of groundnut oil produced locally in the North is around 8-10k.
How many people fit afford am inside dis economy?
Conclusion:
It's better to sell your groundnuts than to lose investment by processing groundnuts to oil, even including the sale of the residue cake.

richiemcgold:
Op, what's the feasibility cost of machineries for a small scale producer?

As a startup, do I have to learn the production process or employ someone to produce for me?

richiemcgold:
Op, what's the feasibility cost of machineries for a small scale producer?

As a startup, do I have to learn the production process or employ someone to produce for me?

alanto:
I don't get it. Do people really cook with groundnut oil? In my close to 4 decades of existence. I have only ate groundnut oil once and it doesn't taste the same as vegetable oil. Imagine adding groundnut or it's flavor to everything you cook. That's what it taste like when you cook with groundnut oil.

mfm04622:
Don't say what you don't know!!!
Groundnut oil is being sold to those that know the value! As long as you see kulikuli in the market, groundnut oil is being produced and sold! I can even tell you they are not meeting demand!

richiemcgold:
Op, what's the feasibility cost of machineries for a small scale producer?

As a startup, do I have to learn the production process or employ someone to produce for me?

franvincoop:
You are one who is clutching at straws.

Business profitable ko, kulikuli in the market ni.
OP, come and see response to your question of whether it's profitable or not.
Online profitability.

@mfm04622, could u answer the following?

What is the brand name of the groundnut oil you are talking about? the manufacturer in Nigeria of the groundnut oil ? since you say its very profitable.

The richest persons in Nigeria from the 40's were dealing in groundnuts and history will tell you that groundnuts was the backbone of the British Northern Nigeria economy before the discovery of crude oil.
Even your SE hero Sir Ojukwu made his money from ground business in the North.
The North owns groundnut production in Nigeria.
Despite all this, have you asked yourself why there exists no Northern company producing groundnut oil, meanwhile groundnut is the most farmed crop after corn, sorghum, millet?
Groundnut oil or any seed/nut oil production in Nigeria apart from palm oil is not profitable, take it or leave it.

Anybody who makes kulikuli will do it out of their culture and tradition but the fact remains that processing groundnut into anything is not profitable.
Northern traditional meals are produced with groundnut oil and not palm oil.
So for a Northerner to get this oil to cook with, they produce kulikuli as a byproduct of the residue of the groundnut after pressing out the oil.
This is the only reason why you have kulikuli.

U don ever see Obiageli dey make kulikuli for Owerri or Ekaete for Calabar neither will you find Iya basira of Iragbiji dey make kulikuli for sale.
Kulikuli na Hausa language, don't say what u don't know!!!!

mfm04622:
So, if the product is not branded, it is not selling?
How much groundnut do they grow in Owerri or Calabar?

That is why I said you should limit yourself to what you know.
When groundnut was being stored in pyramids, it was not for local consumption, it was for export! I want to burst your head and claim that our groundnut production has not reduced but we now consume everything ourselves mainly as snacks or in oil form!
The groundnut oil producers are not "modern" factories, but the producers are making their money! Even the Kulikuli is now being exported!
So, yes, groundnut is much more expensive than vegetable oil but the demand for it is there and people are meeting it! The demand for kulikuli is being met too! If you know how much some people are making from packaging kulikuli! You will be surprised!

fineboynl:
Groundnut not profitable except you want to adulterate it. Vegetable oil till taking over.

Amerengues2:
Please, what do you mean?

Please elaborate