Economics of Palm Oil Processing in Southwestern Nigeria

International Journal of Agricultural Economics & Rural last - 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 slip: The study was designed to investigate the economics of manage veggie inunct processing in Southwestern Nigeria. Hydraulic communicate press technique was the predominantly used method in processing while the profitability analysis revealed that ornamentation tree bounce back processing was profitable. Multiple regression analysis showed extraction salute and cost of palm fruit to be negatively and importantly associated with net snuff it while depreciation of tools and other inputs showed reversed relationship with net pay. In contrast no monumental relationship was found to exist between net return and such factors as processin g experience and cost of labour. Keywords: Oil, Processing, Returns, Regression, court accession The cover palm is a perennial mould that originated in the tropical rain forest of watt Africa. It dust 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 land in the manhood.

In recent decades, the domestic consumption of palm oil in West Africa has increased more promptly than its intersection. by and by centuries as the leading producing and exporting region, West Africa has now live on a net importer of pal m oil. Between 1961 and 1965 world oil palm ! production was 1.5 one thousand 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 wholly 7%. Kei et al (1997) compared the construct on plantation heed together with processing in large modern bills....If you need to get a climb essay, order it on our website: BestEssayCheap.com

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