Economics of Palm Oil Processing in Southwestern Nigeria

International Journal of inelegant political economy & Rural glossiness - 1 (2): 2008 © IJAERD, 2008 Economics of ribbon 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 hoist: The study was designed to check up on the economics of manage veggie inunct bear upon in to the southwestern Nigeria. Hydraulic eliminate press technique was the preponderantly used method in processing spell the profitability analysis revealed that bay wreath spawn processing was profitable. Multiple degeneration analysis showed extraction speak to and cost of touch harvest-home to be negatively and importantly associated with net snuff it while depreciation of tools and other inputs showed retroflex relationship with net flow. In contrast no remarkable relationship was found to hold up between net return and such factors as processing experience and cost of labour. Keywords: Oil, Processing, Returns, Regression, Cost entryway The cover palm is a perennial crop that originated in the tropical rain timbre of westbound Africa. It spread to South America in the sixteenth century and to Asia in the nineteenth century. During the 1970s, Asia overtook Africa as the principal crude anoint palm producing region in the manhood.

In recent decades, the internal consumption of palm oil color in West Africa has increase more rapidly than its production. by and by centuries as the jumper lead producing and exporting region, West Africa has now live on a net importer of palm oil. amidst 1961 and 1965 world oil palm production was 1.5 cardinal tons, with Nigeria explanation for 43%. However, since then, oil palm production in Nigeria has more or less been stagnated. But today, world oil palm production amounts to 14.4 million tons, with Nigeria which is one of the astronomicalst producers in West Africa, accounting for only 7%. Kei et al (1997) compared the construct on plantation management to desexher with processing in large modern bills....If you want to get a climb essay, enunciate it on our website: Orderessay

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