slimtik:
BrianRomel God will bless u for the expose on palm kernel business. It's high time young able bodied men and women in Nigeria look at other means of survival & stop relying on bogus contracts, hustling et al. I'm currently about to start supplies of palm oil and will also like to get more info from you with respect to the palm kernel oil aspect of the business. Can u send me.ur details so we can discuss via WhatsApp or email. Hit me up on 08034726175 (WhatsApp). Thanks a lot bro

brianromel:


Hi BigW

Thanks for wanting to take the step. Its because of you we are doing this topic.
I will always update it on various details pertaining to starting and what area to start.
If there is an area you want to start with, Please tell me about it and i will provide the details about it for you.

There is a reason i don't want to go into one on one discussion, because some people may look at it like i favour one person more than others.
Thus the reason why i reply each persons request.

bigW:


OK, well I don't know anything about it, as a novice wia do I start from and with wat do I start from, also which is d best and safest area to begin with and how much do one need as start up capital.. also which state is d best to start such business?

CaptPlanet:
Hello Brian,

I trust you're doing great. I want to say a huge thanks to you on this thread. You know a lot of people who have ideas on this topic on Nairaland will rather charge or sell ebooks on this topic but not you.

I think it takes a lot of guts to spill out for free where someone makes his living in Nigeria especially with the current economic situation of our country. Big ups to you bro.


I've been interested in palm business for sometime but I haven't actually had the right info on how to go about it or even where to start from, who to sell to and all that.

Now, I understand there are different niches to this biz: palm oil, PKO, palm kernel shells etc...I believe you're into the PKO niche. Please,i'd like to know the cost implications of starting the PKO in small scale and probably who or how to know who to sell to in Onitsha.

I chose the PKO because i believe that's your niche and I won't mind being under you're tutelage cos i'll love to learn from you.


Warm Regards.

brianromel:


Hi CaptPlanet

Its good you have choosen to pick my area.

To start palm kernel supply small scale and make it viable, you will need to supply at least 10-12 tons.

Currently it goes for 89000 per tonne in PH. so your looking at 890,000.
now its better you double that amount so that as your setting up for one supply you are also stocking for another.(its called having more than one egg in a basket).

For onistha, some one called me a while back, about an india firm that buys palm kernel there. let me get that detail for you by sunday.

Hope this helps.

brianromel:


Hi again Big

You can start with the supply aspect, note this will depend on the capital your starting with.

Right now palm kernel goes for 89000 per ton in general agro in PH, per bag is 5700.
I will need to verify how much palm oil per drum goes for around here. but its usally cheaper if your buy from Edo and delta state.
If you know anyone there you can make enquires.

For palm kernel oil, i will have to get back to you on that. latest sunday.

Hope this helps.

brianromel:


Hi sky

My congrats on choosing to go it the long route, this is usually the most profitable, but as all businesses it comes with its own headache, and error.

For land you can look at area from Ibadan upwards to Benin and Asaba's. But best work with a friend who stays around these areas. Let him lead you to the traditional rulers or elders in his family or family around his that have lands. In terms of pricing this can vary from place to place. Some people say it's better to lease long term then buy. But that should be up to you.

After purchasing, you need to clear the land, buy palm seeds(I hear a brand called Tenera is also the rage now). The government use to have research centres where one can go to buy palm seeds, but I don't know if they are still operational. But you can go to palm plantations for that. Around here there are two, Adda palm and Risin palm.

When planting spacing is important, and spacing for good yield can range from 17ft-30ft, there is a general argument on this but most around here. space each seed at btw 15ft and 20ft.

You need to also take of weeds and rodents, but any zoology student you know can tell you what you need to watch out for(I ain't one).

Each seed takes between 4-5 years before the start producing palm fruits. And depend on the species when mature can yield you up to 30litre of palm oil a year.

Hope this helps sky,

But I will still try and get you more info and specifics on what you need to know to start.

skyisthelimit:
thanks man!...very well appreciated..i will work on my feasibility and update u...u are quite a Resource...

Juliana7:
@ op Awesome thread. U are doing a good job

CaptPlanet:




Sure, it does help a lot. I'm grateful for this, it means a lot to me. Oh and please, what's the return on investment if I should invest say 890k?

brianromel:


Hi Captplant

You should be looking at between

950-1.3m

That's if your initial invest of 890 was used to buy kernel. It will give you upwards of 15tonnes. Now multiple that by 89000.

brianromel:


Hi again Big

You can start with the supply aspect, note this will depend on the capital your starting with.

Right now palm kernel goes for 89000 per ton in general agro in PH, per bag is 5700.
I will need to verify how much palm oil per drum goes for around here. but its usally cheaper if your buy from Edo and delta state.
If you know anyone there you can make enquires.

For palm kernel oil, i will have to get back to you on that. latest sunday.

Hope this helps.

jaydee87:

good morning pls ho much do u sell ur gallon u can send me ur price jidedada2000@gmail.com

brianromel:


Hi Slimtik

You tell lad.

Its good your also in to palm oil supply.

What would you like to know, price to purchase, area to start, company to deliver.
We supply Crude Palm kernel Oil PKO from the PKO Cluster at Enugu. For Small businesses requiring PKO in 25 Litres and 50 Litres Kegs. We can supply through Transport Services (Waybill) to Abuja, Lagos, and all other parts of Nigeria.
The advantage is a. You are buying directly from our Crushing Mill, at a competitive rates(Nb. The price varies with season), and still have good margin for re-sales.
Kindly contact us, at info@capaoil.com.ng or Capaoils@gmail.com. 08098335575 or 08035703062.

slimtik:
Hi BrianRomel. Thanks once again on the expose on the PKO business. How do I contact you? I really need you to mentor me on this business. If need be even partner with you as I have sound trucks that can convey the nuts. As previously stated you can send me a WhatsApp message on 08034726175. I'm currently based in Port Harcourt. For anyone resident within the South South in need of sound container body trucks to convey goods preferably agricultural products within the South region at competitive and affordable rates please send me a WhatsApp message or post on this thread. The trucks are also available on a lease arrangement. Have a pleasant day y'all.

capaoil:
We supply Crude Palm kernel Oil PKO from the PKO Cluster at Enugu. For Small businesses requiring PKO in 25 Litres and 50 Litres Kegs. We can supply through Transport Services (Waybill) to Abuja, Lagos, and all other parts of Nigeria.
The advantage is
a. You are buying directly from our Crushing Mill, at a competitive rates(Nb. The price varies with season),
b. You will have good margin for re-sales.
c. You are assured of the quality of the PKO.
Kindly contact us, at info@capaoil.com.ng or Capaoils@gmail.com. 08098335575 or 08035703062.

dboss444:
My Palm kernel journey. I just graduated december 2014, I left lagos to imo state to find a suitable biz, I discovered d palm tree biz, in mbaise nd ngor okpala in imo state palm fruit, palm kernel nut, palm kernel shell and it's by-product is in over abundance here. People say mbaise red oil is the best in Nigeria. I ventured into the palm kernel biz but it failed cos of lack of capital.

A ton of Palm kernel nut is 65 thousand naira
A bag of Palm kernel nut is 6500
A bag is 100kg
2cuts make 1 bag
Most companies that palm kernel nut are based in western 9ja and PH, so transportation is a big issue

I can offer my services to intrested buyers of PKN from imo state for a fee.
For intrested buyers of PKN, the palm kernel market days rotates weekly. So you have to know the particular day it falls for you to buy.
Intrested buyers contact davidconcept89@gmail.com

karlxavier:
How much does companies that buy in pH buy? When is the best time suitable to start this biz?

brianromel:


Hi Slimtik

Thanks for the offer for the trucks. I might just take you up on it sometime soon. Where are you located