The current trend of Palm Kernel Supply Chain Nigeria has seen an up tick of more people going into the Business of Palm Kernel Oil.
More and more Palm kernel Oil Mills are being setup, across the country to meet the demand by various companies for it
The demand for Palm Kernel Oil has gone up.
Palm Kernel Nut Supply in Nigeria seems to have taken a nose dive.
Palm Kernel Nut(PKN) suppliers now struggle to meet the demands of their buyers.
While the current volatility in the price of palm kernel nut has not helped matters for some suppliers.
As prices can jump from high to low to high while in the process of trying to make a supply, that by the time a supply is ready, the price is so low that there is no gain in making the supply.
Coupled with the issue of payment for supply.
The payment trend of most companies that buy palm kernel, is to delay payment for a supply for days, weeks or months.
Thereby effectively killing the business of the supplier.
At this rate, if things are not curbed in time, the current supply rate of palm kernel nuts, will continue to go down.
But is there an easier solution to this?
Is there a way to actually get palm kernel way below the current market price?