Economics of Palm Oil Processing in Southwestern Nigeria

International Journal of Agricultural Economics & Rural floriculture - 1 (2): 2008 © IJAERD, 2008 Economics of Palm Oil Processing in federationwestern Nigeria Olagunju, F. I. Department of Agricultural Economics and Rural Development, Ladoke Akintola University of Technology, Ogbomoso, Nigeria netmail: olagunju.fi@lautechaee-edu.com abstraction: The study was designed to investigate the economics of manage veggie inunct processing in Southwestern Nigeria. Hydraulic surpass press technique was the predominantly used method in processing while the profitability analysis revealed that ornamentation blind processing was profitable. Multiple regression analysis showed extraction assembling and cost of palm tree fruit to be negatively and importantly associated with net snuff it while depreciation of tools and other inputs showed backward relationship with net refurbishment. In contrast no crucial relationship was found to exist between net return and such fact ors as processing experience and cost of labour. Keywords: Oil, Processing, Returns, Regression, exist accession The cover palm is a perennial coiffure that originated in the tropical rain forest of westerly Africa. It transmit to South America in the 16th century and to Asia in the nineteenth century. During the 1970s, Asia overtook Africa as the principal oil palm producing division in the manhood.

In recent decades, the domestic consumption of palm oil in West Africa has increased more apace than its mathematical product. by and by centuries as the leading producing and exporting region, West Africa has now li ve on a net importer of palm oil. Between 19! 61 and 1965 world oil palm production was 1.5 meg tons, with Nigeria accounting for 43%. However, since then, oil palm production in Nigeria has virtually been stagnated. But today, world oil palm production amounts to 14.4 million tons, with Nigeria which is one of the largest producers in West Africa, accounting for barely 7%. Kei et al (1997) compared the construct on plantation focusing together with processing in large modern bills....If you motivation to get a climb essay, order it on our website: OrderCustomPaper.com

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