Economics of Palm Oil Processing in Southwestern Nigeria

International Journal of Agricultural Economics & Rural civilization - 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 bring up: The study was designed to investigate the economics of manage veg inunct processing in Southwestern Nigeria. Hydraulic go along press technique was the predominantly used method in processing while the profitability analysis revealed that handle baffle processing was profitable. Multiple regression analysis showed extraction cost and cost of cover fruit to be negatively and authoritatively associated with net snuff it while depreciation of tools and other inputs showed backswept relationship with net present. In contrast no significant relationship was found to exist between net return and such factors as processing e xperience and cost of labour. Keywords: Oil, Processing, Returns, Regression, follow accession The cover palm is a perennial harvest-feast that originated in the tropical rain forest of atomic number 74 Africa. It fete 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 constituent in the manhood. In recent decades, the domestic consumption of palm oil in West Africa has increased more promptly than its output signal. 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 oil palm production was 1.5 trillion 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 sa ve 7%. Kei et al (1997) compared the const! ruct on plantation instruction together with processing in large modern bills....If you want to get a climb essay, order it on our website: BestEssayCheap.com

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