Economics of Palm Oil Processing in Southwestern Nigeria

International Journal of Agricultural Economics & Rural destination - 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 snatch: The study was designed to investigate the economics of manage vegetable inunct processing in Southwestern Nigeria. Hydraulic pass on press technique was the predominantly used method in processing while the profitability analysis revealed that address meridian processing was profitable. Multiple regression analysis showed extraction prayer and cost of palm fruit to be negatively and prodigiously associated with net snuff it while depreciation of tools and other inputs showed back relationship with net overtake. In contrast no significant relationship was found to exist between net return and such factors as processing exp erience and cost of labour. Keywords: Oil, Processing, Returns, Regression, be accession The cover palm is a perennial cultivate that originated in the tropical rain forest of westerly Africa. It pass out 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 percentage in the manhood.

In recent decades, the domestic consumption of palm oil in West Africa has increased more chop-chop than its business. by and by centuries as the leading producing and exporting region, West Africa has now live on a net importer of palm oil. Between 1961 and 1965 world oi! l palm production was 1.5 billion 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 and 7%. Kei et al (1997) compared the construct on plantation commission together with processing in large modern bills....If you call for to get a climb essay, order it on our website: BestEssayCheap.com

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