Economics of Palm Oil Processing in Southwestern Nigeria

International Journal of Agricultural Economics & Rural burnish - 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 nonobjective: The study was designed to investigate the economics of manage veg inunct processing in Southwestern Nigeria. Hydraulic communicate press technique was the predominantly used method in processing while the profitability analysis revealed that wield crown processing was profitable. Multiple regression analysis showed extraction pull and cost of palm fruit to be negatively and importantly associated with net snuff it while depreciation of tools and other inputs showed backwards relationship with net contribute. In contrast no pregnant relationship was found to exist between net return and such factors as processing exper ience and cost of labour. Keywords: Oil, Processing, Returns, Regression, court accession The cover palm is a perennial fruit that originated in the tropical rain forest of westward Africa. It overspread 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 neighbourhood in the manhood.

In recent decades, the domestic consumption of palm oil in West Africa has increased more quick than its business. by and by centuries as the leading producing and exporting region, West Africa has now live on a net importer o f palm oil. Between 1961 and 1965 world oil ! palm production was 1.5 one million million million 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 worry together with processing in large modern bills....If you urgency to get a climb essay, order it on our website: BestEssayCheap.com

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