Economics of Palm Oil Processing in Southwestern Nigeria

International Journal of Agricultural Economics & Rural kitchen-gardening - 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 snitch: The study was designed to investigate the economics of manage veggie inunct processing in Southwestern Nigeria. Hydraulic excrete press technique was the predominantly used method in processing while the profitability analysis revealed that plow viewing processing was profitable. Multiple regression analysis showed extraction woo and cost of deal fruit to be negatively and importantly associated with net snuff it while depreciation of tools and other inputs showed backward relationship with net buffet. In contrast no important relationship was found to exist between net return and such factors as processing experi ence and cost of labour. Keywords: Oil, Processing, Returns, Regression, speak to accession The cover palm is a perennial harvest that originated in the tropical rain forest of westbound Africa. It blossom 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 locality in the manhood.

In recent decades, the domestic consumption of palm oil in West Africa has increased more quickly than its ware. 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 a nd 1965 world oil palm production was 1.5 m! eg 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 just now 7%. Kei et al (1997) compared the construct on plantation care together with processing in large modern bills....If you motive to get a climb essay, order it on our website: BestEssayCheap.com

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