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| Red Palm Oil |
What is Red Palm Oil? Red palm oil is natural oil extract from palm three fruit. You and I knows the importance of red palm oil in Nigeria. No home that doesn't cook with it and no tribe or religion that forbids it. It is generally accepted and widely used, not only in Nigeria but around the world.
Using palm oil for cooking has greater health benefits over the vegetable oil as it is said to have high concentration of vitamin E in the finest proportion. Your body tends to get better health benefits as a result of the vitamin E present in the red palm oil rather than taking a commercial vitamin E capsule. It is also rich in carotene and possess strong healing power.
Why Trade on Red Palm Oil
Palm oil is one of the commodity constantly in high demand in Nigeria. There is never a time it wouldn't be a hot cake in the market and it is consumed at the same rate as rice and garri. Palm oil is currently sold in Lagos and other major cities across the country at N6,000 for 25liters but if you go to the farm areas where it is produced in quantity, you can get the same 25liters at N4,000.
There are even a time of the year you may get this product at N2,500 - N3,000 per 25litres. If you can get it in quantity during the time of surplus and store it for some months, you will sell at 100% profit. It is usually surplus around December to April and sells at the highest around July to September.
If you invest N500,000 and wait for 4 months, you will be making profit of another N500,000 without any substantial effort. That is a good deal by all standard and the more money you invest, the more profit you make.
If you decides to trade all season, that will even be better. All you need to do is to find out where it's being processed in much quantity and buy at cheap price from there, transport it to the city and sell at good price, repeat your journey as often as you can and make money all year round.
So, how do you trade on this commodity and make money?
1. Secure a Shop - You will need a shop or any safe place for storage. If you have your own house, that will be nice, just dedicate one room for the storage. However, it will be better if you can rent a shop specifically for it preferably near the market.
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| Red Palm Oil Ready to be Transported |
Transport Your Goods - If you have your own truck or van, that will be fantastic but if not, you'd have to make do with hiring. Buy everything you want to buy, get a truck to transport it to your base and store it in your shop.
Sell Your Goods - Wait until the price goes up then you open your shop and sell at a very good price. It is a perfect way to invest money instead of keeping it to the bank with peanut paid as interest on fix deposit. It is like buying property and reselling at higher prices later.
If you need additional information on this, drop me a comment below and I will attend to it promptly.
If you know any other places where this item could be gotten cheap and in great quantity, tell us using the comment box below.
This one business I have been thinking about. thanks for bringing to light
ReplyDeleteThanks alot for this biz money making machine window you have open for us interested in agricultural products. Sir pls hw can I get in touch with people that export or buy palm oil in large qunatity.
ReplyDeleteYou can export it yourself if you really have it in large quantity. How large is your quantity?
DeleteNice write up. Am really interested in this palm oil biz, pls any specific town in ondo state where I can buy palm oil in large quantity? Thank you.
ReplyDeleteBamikimo Oja, Bamikimo, Ile-Oluji LGA - After Ondo town. I don't know how the market is now but as at last time I went there, the market was booming with so many things including palm oil.
DeleteWonderful write up. God Bless U. Amen
ReplyDeletedarlinton do you have a phone number that i can reach you on?
ReplyDeletecan i get your number darlington? or are u on facebook?
ReplyDeletewhere can one sell the product in nigeria
ReplyDeletegood day mr darlington,i saw this post and i say thank you,because i have been looking for information,but i will need to get across to you privately,if you dont mind,please send me your email address so we can communicate.thank you
ReplyDeleteThank u for such encouraging information. Sir like how much capital can sum1 use 2 start dis business
ReplyDeleteMr. Darlington, I am encouraged by your write-ups. Please do you have any idea of how long the oil can be stored without loosing its quality before the time to resell it? Also, which container is appropriate for the storage, it a plastic can or metal drum? I will really appreciate your response on this. Thanks
ReplyDeleteIt can be stored for up to a year. Use plastic containers similar to the ones you see on this post
DeleteThank you so much Mr Omeh . I really do appreciate your simplicity in dealing with these things. one time I suggested this business to my sister, she simply shunned me, said money paid on my school fees is abt to waste. Now I am better informed and motivated. my question is : how long can d oil be stored in in what kind of container?.
ReplyDeleteam sorry for that for my number and my mail please kindly delete the post thanks
ReplyDeletei wish to start my own palm oil business, please if you know any one who sales in large quantity please let me know thanks.
ReplyDeleteThe best time to start is between November and February when the harvest is at the peak. But you can start now if you want.
DeletePlease do you know where I can get palm oil in high quantity in ebonyi state. Thanks
DeleteIn Nigeria which state produce palm red oil must and to have 25Lts what is the cost?
ReplyDeleteThanks so much Darlinton, I'm really inspired; may God bless u richly. Please where can palm oil b sold to make more profit? thanks once again.
ReplyDeleteI must say this is a masterpiece. Well done!
ReplyDeleteI have a business plan on palm oil processing and the prospects are very high.
This is an extract from my proposal:
Sales Projection
Presently, market price of palm oil ranges between 220 and 250 naira per litre. For the purpose of market penetration and acceptance, we plan selling at 4,375(25litres) to distributors so as to allow them a good profit margin. Therefore we will sell at 175/litre. Also the present palm kernel price is N50/kilogram and our weekly turnout of palm kernel is 2960kg, therefore there will be 11840kg per month.
Working Capital (Monthly)
Raw Materials 2,000,000.00
Fuel 400,000.00
Packaging 120,000.00
Lubricant & Sundry Expenses 9,580.00
Telephone 8,000.00
Marketing Expenses 24,000.00
Electricity 5,000.00
Salaries and Wages 390,000.00
Stationeries 2,000.00
Miscellaneous Expenses 5,600.00
Total Expenses 2,114,180.00
Revenue:
Description Qty Rate Amount
Palm oil 40,000litres 175 7,000,000.00
Palm kernel 11,840kg 50 592,000.00
7,592,000.00
Anyone interested in getting the complete proposal or advisory services on setting up production sites in any part of Nigeria can contact me
Thank you.
Balogun Abbey O.
Abbey how can i get in touch with you
DeleteHi,
Deletenice write up on how to set up palm oil production. I noticed you didnt put the price of the machine and also you email address to contact you.
Include your email address of contact so i can discuss with you.
Regards,
Teb
hello i have reviewed your write up on the subject, i have interest setting up the production site in Kaduna state. lets partner in this. you can contact me
Deleteyou have a good business proposal but, you don't mention the cost of land and machine. can contact me to discuss further because i have interest in your proposal.
Deletehey Abbey, please i need your phone number or your email address ...
DeleteHello Dalinton, you have inspired me , I have lived in London all my life, planning o come home, but don know what to do, now you have open me to many ideals, very happy , and God bless you
ReplyDeleteGod bless you darlington,i have little experience on this business,is very lucrative.From east abia to be precise they have got a bush market in isiala ngwa were i use to go and purchase them.Goodluck to whoever that has this biz in mind,cheers.
ReplyDeleteJust simply wanna say; You are Great! May God replenish you and provide you with more ideas. Thanks a great deal.........
ReplyDeleteI am really impressed by the above figures. I want us to developed it further. Could you please contact me I want to invest in it.
ReplyDeleteJohnbull Eghreriniovo
Hello my name is Bidemi your blog is very informative. Please i need to know what is the minimum that is need to be exported and at what price.Do you have contact to export the palm oil and to which country.
ReplyDeletePlease where in edo state nd ebonyi can one get palm oil to buy
ReplyDeleteThank you so much Mr Omeh,
ReplyDeleteI really need to start this business, but please in which market or state do you think someone can sell it in higher price ? Pls i need ur respond to help me plan well. Thanks
You can get very good palm oil in surplus at the local markets in Ebony State. They have the finest palm oil on earth. Local areas in Edo state also have it but as much as it is in Ebony state to the best of my knowledge
DeleteThank for the write up. Am really interested in this palm oil biz, pls any specific town in Edo state where I can buy palm oil in large quantity and the best place to sell it in higher price? Thank you.
ReplyDeleteThank for the write up. Am really interested in this palm oil biz, pls any specific town in Edo state where I can buy palm oil in large quantity and the best place to sell it in higher price? Thank you.
ReplyDeleteOne of the best place to sell at higher price is Lagos. I don't know where in particular you can get it cheap in Edo but I know there is a place they
Deletepls where in particular community can i get this palm oil in Eboyin state?
ReplyDeleteThank you so much and God bless you, am a Cameroonian can I sell in Nigeria,?
ReplyDeleteYes, you can sell as long as you have permission to do business in Nigeria
DeleteNo preservative is required. Original Palm oil can stay good and fresh for a very long time
ReplyDeleteMr dalington.Good job dia pls.God will reward all ur efforts in educating us.Wia in lagos can i sell my palm oil in good profti?
ReplyDeleteMile 12 is one of the best bet if you want to sell it in bulk
DeleteAm in intrested in this business but my problem is the transportation charges from ebony state to lagos might take my whole gain. I want start with about 15 gallons and no need of hiring a truck 4 now. What ll I do? Pls put me through.
ReplyDeletepls, what month of the year can you get it very cheap
ReplyDeleteSamuel is my name,concerning this business,I need the cost of transporting 100 25litres kegs from ebonyi to lagos and where in ebonyi can I buy palm oil
ReplyDeletenice one! please how do i contact you?They also have palm oil in high quantity in my village, odo iju village in ilesha,Osun state. I dont know if the price/quality is better than the ones from Ebonyi and Ondo.
ReplyDeletehi it is adviceable to join market union in order to see in bulk
ReplyDeletePls can u tell me the range for transporting palm oil from ondo to Lagos
ReplyDeleteon point... jah bless
ReplyDeleteMr Darlington, big up's, from what u wrote, there is no much risk involved,which is what every one likes, is there any other business which is a close relative to Palm oil u no, and which country can one export to
ReplyDeleteBrowse around this site you will see lots of other businesses
DeleteDo u need to re-cook the oil during storage
ReplyDeleteNo, you don't need to recook it. Store it as it comes but make sure you get a good one
DeleteThanks Mr Omeh for d write-up. Pls wats d minimum amount for some1 who is starting d biz? Just need a gud plan on this. Thanks!
ReplyDeleteThanks Mr Omeh for d write-up. Pls wats d minimum amount for some1 who is starting d biz? Just need a gud plan on this. Thanks!
ReplyDeletePrince-Heney!!
I need someone to partner with.
ReplyDeletePrince Heney!!
Is there any difference between local and agric palm oil?do you store them the same way?
ReplyDeleteI'm interested in getting advisory in setting up production site in Imo state,i will like to know how we can see and start immediately.
ReplyDeletethank you very much sir, for this great ideas, you have made my day, sir i have this passion of have a very large palm oil business, but how to start has always been my challenge, sir please i will like to get your contact, if possible sir, that will be of great value to my live, sir please give me that opportunity, of having your contact, you can send me your Email address sir, thanks and God bless u sir
ReplyDeleteEggsnet, I am LOL at the number of sir's :D I am just a simple man like you. Thank you for the interest, you can contact me through Facebook, send me a friend request on fb. Thank you!
DeletePlease how much capital can we use to start this business. Secondly, can it be successful as a part-time business because i work? waiting for your response
ReplyDeletePls I have good palm oil for sale,in imo state and I need buyers,incase if anyone is interested pls call me on 08132940590
ReplyDeleteCheap Farmland for sale in Ogbomoso Oyo state @
ReplyDeleteN50,000 per acre! Excellent for palm and other crops. 08060318769
My brother, Darlinton u have done a very good job opening and enlightening our eyes on this particular business. I think good palm oil is also sold at Nsukka area in Enugu state. I really need this business in another dimension. Tnx a lot.
ReplyDeleteYou are welcome. I think Nsukka have good palm oil but not as much as in Ebony state. Anyone can source from any of the locations
DeleteWere Are The Best Places To Sell This Product
ReplyDeleteThank you Darlington, I have been blessed by your post, May God bless you back beyond what your human imagination can contain IJN. Ile-Oluji in Ondo State is another place where good palm oil can be sourced at a cheap price.
ReplyDeleteEniola, thank you for appreciating what we do here. You are very correct about the Ile-Oluji, it's a place I've lived before and I know much about the area. Bamikimo Market is a good sources of fresh palm oil any day.
DeleteHow can you secure buyers who buy in large quantity if you have an oil producing company ?
ReplyDeleteyou only talk about profit and you never talk about loose , no business on earth did not have season , gentel men , your ideal is ok but to be honest it is not Gold as you define, I have been in Palm oil trade for 20 years , if you did not know the trade it is loose of money and also you might be unlucky purchase bad test oil , which no body will purchase from you , understand we have 3 type of oil market , please look before you reap
ReplyDeleteHello. You could further educate us by explaining to us what the 3 types of oil markets are.
DeleteI love this business and i would like to go into it fully but i do not want to only buy, hoard and sell when the price goes up.I would like to have a shop and sell the product all year round.i would like to buy and package into smaller bottles with my label on the containers just like groundnut oil is packaged and i will open to customers all year round.My question is how can i do this business and still have maximum profit,is it worth doing it this way
ReplyDeleteNice and true prospect here.I am a palm oil miller based in Edo State. For a serious biz minded person, I am ready to be supplying he who have interest in buying palm oil in moderate and large quatity.
ReplyDeleteAlso am a consultant on oil palm plantation and other agronomic establishment.
Hello Adeniyi. I am interested in buying good quality palmoilfrom Benin, what is your rate for selling?
Deletewhat are your contact detials
DeleteMr.Eniola I have a lot of questions to ask you about this business,Because I really need your help about it.I will contact you on Monday
ReplyDeleteThanks Darlington for this timely write up. Please do you know where I can purchase a storage tank to store my palmoil and the price it goes for?
ReplyDeletePls. Am interested, today I was discussing with somebody who was giving me the idea bt know am satisfied.
ReplyDeleteHi Darlinton, I'm so impressed by your write ups and would like to discuss more on one of the posts. I just sent you a friend request on fb
ReplyDeleteHello everyone, i just bought 6 (25 litres) of palm oil from my village in Nkanu East, Enugu. I want to start small by venturing into this biz. My intention is to package it into 2litres containers with a label on it. My question is can i supply to suppermarkets without a Nafdac number?
ReplyDeleteam also interested in this biz. Pls, with how much can i start d biz. Thanks.
ReplyDelete
ReplyDeleteThanks se bunch, you are simply a darling, well done and keep up the good work!
How do I sell this goods considering the competition in the market
ReplyDeleteHi Mr.Darlinton,
ReplyDeleteI appreciate your good work, keep it up.
However, I would like to know how I can purchase your book on Starting a Poutry Biz, precisely for EGG production
Thanks
sir i will like to know how i can start this business
ReplyDeleteI have been following this topic since last year and I have digest lots of knowledge thank you Mr Dalington for sharing this to everyone.
ReplyDeleteMy question is what does take or where do I register to be a certified palmoil trader?? To have license
Thanks
80,stands of palm tree, farm for 10yrs lease in imo state with C oF O contact notify me for more info
ReplyDeleteAm martins am looking for pattrrns to supply rich red palm oil from Imo state at a wholesale prices both for individuals and for industrial purposes you notify me for more details
ReplyDeleteHello, do you still have this offer
DeleteThank you a lot.
ReplyDeleteNow I see wealth too close to me without my knowledge.
i held from Ebonyi state and can easily get traders or suppliers who can get this products across to me with or without my present during transactions with a good bargain. Truly, my eyes are open.
thanks brother
Thanks for sharing this tutorial on starting palm oil business in Nigeria
ReplyDeleteI have started the biz, it's just awesome!!!
ReplyDeleteMay God bless you, Mr. Darlington.
please did you buy and keep? did you make any profit
DeleteThanks for this peice.
ReplyDeleteMr. Adeniyi Tajudeen, can i have you contact details?
Many thanks Darlinton, God bless you so much.. Coincidentally, this business kept me thinking all day yesterday.
ReplyDeletePlease give me your contact lets discuss further.
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ReplyDeleteGreat piece there! This is a great blog! Will start soon but egg distribution still on my mind!
ReplyDeleteThank you for this informative post. I just want to share a good source for business templates and tutorials - PDFfiller. It has a ton of tax forms and business templates. It helps me fill out a needed form neatly and gives me the option to esign. http://goo.gl/yoGwr2
DeleteThank U so much for this,am really interested in this business,if I get 2 buy now,can I still get for cheap rices and which areas in edo can I get good quality palm oil and can I also start wif like #50,000?.....tnx
ReplyDeleteGreat post! Nice idea!
ReplyDeleteCAN SOMEONE STORE PALM OIL MORE THAN ONE YEAR .
ReplyDeleteGood Afternoon everyone in this blog,i just view palm oil market price and i saw this interesting topic on the internet
ReplyDeletei decided to view it mr Darlinton am in press with your encouragement and this words you share on this blog, am grateful sir.
many Nigeria youth, have some many plan and idea of business to do but not know how to go about it ,also don't have anyone to encourage them . my viewing palm oil price this afternoon on internet is not a west , sir how will i get your contact am a young lady who is struggling on how to survive ,pls am tired of small small white Cole job, which i have been thinking on how to go about this red oil business ,i have even draw my proposal but don't know how to go about it, thank God for such an opportunity mr Darlinton omeh Almighty God we richly bless you.
i have is red oil at plater of gold but don't know how to go about it.
pls i will like you to in lighting me more on how to go about it , this is my email address :- lukegifted@yahoo.com my facebook:-username is:- Gift linus . pls let talk more on facebook or email privately.
i look forward to hear from you, thank you sir, best regards.
Hi! Thanks for the info. Pls . Where can I buy palm oil in bulk in delta state? Precisely warri.
ReplyDeleteThis is good. Can i have your phone number?
ReplyDeleteWow!!! Fantastic write up, bravo. Am impress, Pls what are the likely hard this business could face and how can it be arrested?
ReplyDeleteNice article.. But can one start with less than 100,000. And can I use a car for a start..
ReplyDelete