impeccablephili: The op asked for the one to go for, and I told him the one I believe it's good, but you ended up confusing him the more by saying the two are both investments. Yes they both are investments but he wants to pick one.
If you are a farmer and you know about palm tree especially palm oil production you won't compare the process of making palm oil to coconut oil.
Palm fruits are difficult to harvest as you will need a professional to do the harvest. But coconut can be harvested easily. You can't compare difficulty in peeling the coconut to removing palm fruits from the bunch.
The process of producing coconut oil is very easy you just grind the coconut, extract it's juice and boil until the water evaporates and you get your oil. But that cannot be said about palm oil.
And the market as well, I don't know where you are but in my city even if they buy coconut in bulk, you will still sell at the price I listed above. And selling raw coconut is a waste of resources check the price of 1 litre of coconut oil and compare it with 20litres of palm oil.
And did you just say that white garments churches and traditionalist will substitute coconut with other fruits? Oga you know nothing about what I discussed do your findings and you will change your mind about coconut farming. btw I am a farmer and a business man I do my research well before I reach conclusion.
Well
At your side coconut oil is well sort after, pk oil is more sort after here
impeccablephili: Please go for coconut plantation, oil palm is not that profitable except you want to go into it full time which is stressful and time consuming. If you want to give to people to manage you will be cheated. I'm talking based on experience.
But coconut does not need much maintenance it is easy to harvest you can in fact do it yourself. profit per coconut tree is higher than that of oil palm. For example a coconut fruit goes for nothing less than 1000 naira in markets depending on your location.
And a coconut tree can give you between 150 to 200 fruits per annum after seventh year, coconut will start fruiting earlier than that, but you will not get large amount.
Now assuming you get 150 fruits per tree and you have a thousand of coconut trees. If you sell 500 naira farm price you get 75m naira.
If you want to make a higher profit process it to coconut oil, search for the price of a litre of coconut oil on Jumia, and you can extract the oil yourself, since the process is easy.
When we talk about market there is more market for coconut than that of palm oil, there are several thousands of white garment churches that are using coconut every Sunday. Like wise traditional worshipers, so it's price never goes down since many people don't go into it unlike palm tree where sometimes the price dip as a result of its glut.
In fact people used to store it for several months for the price to go up. I saw people talking about palm wine, it shows clearly that they know nothing about what we are discussing, once you tap palm wine on a palm tree, the tree is as good as dead, because it will take several years to fruit again.
Coconut is everywhere so cele people don't really need to be running around for it, moreover cele use variety of different fruit too
But peeling of coconut is hectic too and nobody will buy coconut from farmer per one
Processing to get coconut oil no be small thing too
This agric big size coconut is not sweet
In all ati coconut ati palm oil all na investment crop
SixSeven: You did not do your research so I will ignore you. Hopefully the OP will read and see the derivatives of oil palm business. It's massive. Educate yourself and it will cure any ignorance. Miseducate yourself and you will continue to wallow in ignorance. Half knowledge is worse than no knowledge.
The Internet is free and there is an abundance of information out there, it is the willingness to learn that is missing. Sit this out please. Thank you.
you should show how the British destroy nigeria palmoil
Glorioustenpoul: were raised with herbs, ginger garlic, leaves. Etc If you check on our ig and YouTube you will see proof there
Oga broilers aren't organic chicken, broiler is a specie of chicken that's of improved breed for quicker meat production am not saying it's bad, it can mainly be managed with formulated feeds and medication you can't raise broilers with herbs
Local chicken fed with corn and millet and given herbs are the ones to be referred to as organic chicken if you want to quote organic
Alliswell248: The usual noise to appease your fellow mob. Government has no business in any business, but to create an enabling environment for business to thrive. Okomu is doing well.
Go and get money and invest in any business of your choice.
You people will just misinform a popular cliche
Just to look intelligent, but half education is worst than no education
I want to challenge you to do some research on oil palm and the British empire In Nigeria. You will know the wonders of oil palm and the wicked part the British took on to destroy what's ours but they took it to build their own industries.
You like conspiracy theory too much
Just looking for self justification
British destroy dis destroy that, compare them to your politicians
SmartPolician: Those who know Regina should advise her to stop fighting that man. While Senator Ned has given solid reasons why Regina is at fault, she just keeps playing the victim card.
Madam, go and make peace with that man because being with him pays you more. Senator Ned is a wealthy man who can afford to marry many more women of his choice, but you may end up becoming a "pass-around" for boys.
What are you saying
What pays are more, useless money, is everything money, the gal was perpetually a s3x slave
Are you supporting Ned who conspired with the useless mother of the young gal to destroy her life
Do you know the kind of brainwashing this gal has gone through - her eyes just opened
You think it's easy to be sleeping with an old pedophile without taking drugs
God1000: That serves him right, I think Biden and trump deserve this treatment as well for aiding and abetting the worst genocide in the 21st century
I don't think there's any American president that didn't stain his hands with the blood of innocent people from unnecessary wars abroad, except maybe jimmy Carter
Lolzzzzz 🤣
All this terrorist sympathiser, oya go and throw shoe to trump
Bluntemperor: Wow!!! God Bless The Alakija- The Richest African Woman 👠 in the Continent. •Our Leaders,Heads/ Presidos, - should not travel I to France or Germany or London Again ooo! -Afteall,those European Countries, UK,USA - don't Come here for their Health Care Services! •This is what we Expect ALL THE STATES OF NIGERIA TO PURSUE AND MAKE NIGERIA BETTER. *FOR EXAMPLE, • OSUN State- Should Set the Ball Rolling By Ensuring that Charges To the Masses In This New Hospital- Are Lowered For the Next 3- yrs and Osun State Should Absorb the Costs!