Palm Kernel Supply Chain Nigeria: Current trends
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.
But
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?
13 Comments
Feel free to ask me any questions
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Sir , please where can I get Palm Kernel Oil in large quantity at a very good price in Nideria .If possible the companies names and their addresse .
Hello Tayo
You will need to get in touch with those who Mill it, it also depends on your location.
Might I ask where you located.
Can you link me up with any small scale miller just to see first hand how it’s done before proceeding to ask for set up plans
Hi Rafiu hope you got my mail
Good evening Sir. I want to start supplying palm kernel nut. I intended getting it from Akwa ibom state to supply to some companies here in Port Harcourt, although I’ve not made enquiry on how much it’s been sold. I want to know if I can start with 100k. Thank you
Hi Deborah hope you got my mail
PLS i want to start a palm mill.where can i get the local made frabicating machines
Hi lolade I sent you a mail on this, did you get it.
Hi Brain, i will like to setup a palm mil but i don’t have any idea what the setup capital will be like. Also i don’t have any prior knowledge of its operation. I am thinking of starting with Palm Kernel nut supply to Companies. Can you please help with any advice that can help. I am currently in Asaba.
Thanks and God bless you.
Hi Amora, your interest in the oil palm area is most applaud able. If you are looking at going into Palm Oil Milling, we have to first look at what your capacity per day production will look like. This will give you an idea of what machine capacity you will need and cost
Thanks Brain for taking time to reply me. I appreciate. I am actually looking at setting up the palm kernel nut and oil production first for starters. I don’t know if this is the best approach. Like I said it’s just a thought I have and I don’t know a thing about this business. I can’t say for sure what I intend as the daily production as this will depend on the start up capital. I currently have about 700k and an empty Land I can utilize for this purpose.
Thanks in anticipation
Amarachi
Thanks sir, you are doing a great job. I will like to have some mentoring on palm kernel oil business. my firm is almost set. I need to know where to sell my products. email. neddysidk@yahoo.com
Pls can you help me with list and contact of those milling it in Ogun state, oyo