Palm oil is one of the most used oils in Nigeria, it is well recommended for when it comes to health and it is widely recognized and quite popular in many African countries.
Companies that Buy Palm Oil in Nigeria
If you’re interested in starting your own palm oil business in Nigeria, it is important you know the companies that buy palm oil in Nigeria. Not only that, you also have to take specific steps to create a successful business. These steps include the following.
Find a shop
You will need a shop or any safe place for storage. You can also use your house as a storage centre. However, your best bet is to rent a shop specifically for your business. Also, it is important that your shop is near the market to ensure ease of transportation.
Look for places to buy
There are several places you can get palm oil at a very cheap rate in wholesale quantities in Nigeria. You can buy in bulk in various parts of Ondo State. It is also available in Edo State, Ebonyi State, and Delta State. You can also travel round the states and source from the various local markets and local palm oil processors.
Transport your product
Once you have identified your buyers, the next step is to purchase your product and transport it to your location. If you have your own truck or van, it will make it easy to move your products from the point of purchase to your shop.
Afterward, you can start selling your product and earning some cool cash. In this post, we have highlighted the companies that can buy large quantities of palm oil but first, let’s take a look at some quick facts about palm oil.
Palm oil is a by-product of the palm fruit. It is orange or yellowish red in color. The oil is extracted from the red palm fruit and it is widely produced in West African countries and in Far East countries such as Malaysia and Indonesia.
The processing of palm fruit is essential to the production of palm oil. The end products of this processing are palm oil and palm kernels.
Prior to the discovery of crude oil, these products have traditionally composed 15 to 20 percent of Nigeria’s exports. In addition, palm oil is an important item in the Nigerian diet (as part of the traditional soup or sauce) and is used as an illuminant, cooking fat, and soap ingredient.
The oil is in heavy demand in African countries and all over the world due mainly to its health benefits and its high production value. It is a good source of vitamin E, which promotes healthy skin and it is also rich in carotene, which enhances the vision.
Another important benefit of palm oil is that unlike most other oils, it doesn’t promote the accumulation of cholesterol and low-density lipoproteins that are harmful to the body.
One of the reasons palm oil is in heavy demand in Africa is because of its relative affordability when compared with other edible oil. Its long shelf life is another excellent benefit as it can last up to one year without losing its quality when properly stored.
Nigeria is the 5th biggest suppliers of palm products, at 0.9 million MT a year. Most of the palm oil consumed in Nigeria and exported is usually bought from indigenous companies in the country.
The largest state known for palm oil production is Delta State and Edo State. The production of palm oil in these states is a major source of revenues. The regions where you can get palm oil in large quantities in Delta State are the Isoko, Urhobo and Ukwale areas.
Isoko has been known for palm oil production for several decades and if you’re in need of palm oil in wholesale quantity in Nigeria then you should visit the communities in this area. Apart from Delta State, there are other states and cities that produce palm oil.
Now, let’s take a look at the companies that buy palm oil in wholesale quantities in Nigeria.
If you’re looking for an online source, you can send a mail to Informationhood email@example.com.
The company has dealers in these palm oil producing regions and they can supply to locations both within and outside Nigeria.
The contact person is Mr Serome Daniel and the address is 9 Nigerian Army Shopping Arena, Bolade Bus Stop Oshodi Lagos.
You can also call these numbers 08059844173, 09055454883 or email: firstname.lastname@example.org
Sunny Oil Nig. Ltd
This company is located in Mushin, Lagos. The company purchases palm oil and palm oil products (in addition to other farming goods) for food purposes. You can visit the company at their location: 133, Isolo Road, Mushin, Lagos State.
Planet Oil and Chemical Ind. Ltd
Located in Abia state, Planet Oil is another company where that buys palm oil in large quantities. The company is located at 4, Aba-Enugu Expressway, Aba North, Abia.
Om Oil Ind. Ltd
Om Oil is located in Ikeja. The company buys and retails palm oil and farming products. It is also involved in the sales of the equipment required to process palm seeds and palm oil. Om Oil is located at 1, ACME Rd Est, Ogba, Ikeja, Lagos
Phemson Nig. Ltd
Located in Lagos, Phemson is a company involved in the purchase of the necessary equipment for palm oil production, ready products, and palm seeds.
Phemson Nig Ltd produces vegetable oil and banga oil and their office is located on 176 Abeokuta Exp. Way, Iyana Ipaja, Lagos
Emily Millionaire Cosmetics
Known for their beauty care products, the company is also involved in buying palm kernel oil in Nigeria for cosmetic purposes. The company is located at 11 Alapade Street, Balogun, Lagos
PS Mandrides Plc
The Kano-based company is known for the distribution and manufacturing of diverse vegetable oils including palm oil and palm kernel oil. The address of PS Mandrides Plc is 111 Murtala Moh’d Way, Kano Municipal, Kano, Kano. You can also reach the contact representative of the company by calling this number 0803 703 6982.