There are a lots of way to start palm oil business. Here, we summarized the most common ways about it.
Palm oil plantation business
The first business proposal to start palm oil business requires to plant a very large number of oil palm trees, which means it needs huge stretches of lands. Besides, the natural conditions will have great impact on the grow of oil palm. The ideal conditions to cultivate oil palm are hot weather the whole year, abundant sunshine and rain, and deep and rich soil. Therefore, palm oil plantation business is more popular among countries in Africa, South Asia, including Nigeria, Indonesia, Malaysia, and others. Palm oil plantation is rent-liking business.
Palm oil buying and selling business
It can be divided into two types - relatively small palm oil buying and selling business and large bulk palm oil buying and selling business. The first means to buy palm oil from a local place and then resell it to another place at a much higher price. For instance, you can buy the palm oil from a local market at about $3000 and then you can sell it at about $4000 to another place. While, the large bulk palm oil sale business is concerned with more complicated palm oil storage and transportation, and requires more investment.
Palm oil production business - palm oil making machine
Palm oil production business involves the process to extract oil from palm fruit bunches or palm kernels. During the process, palm oil making machine plays a key role for palm oil production capacity and quality. So, it requires a series of high quality palm oil making machines. Palm oil production is a kind of capital intensive business, but it is absolutely lucrative and profitable.