Major
producers of the product are Indonesia and Malaysia. The oil palm tree is common
in West Africa and the primary source of kernel oil and palm oil.
The
edible seed of the palm kernel is used to produce two distinctively different
oil products. Palm oil is a staple in many African cuisines and a replacement
for olive oil, groundnut oil.
It
most cases the demand for the palm products out ways the supply providing a
good business opportunity for investors. The three major requirements to run an
export company include registration with the countries corporate affairs
commission.
Others
are registration with your countries export promotional council and national
food & drug administration.
Palm Kernel Oil Related Businesses
There
are a number of businesses that revolve around the oil palm. Some are palm
kernel oil exportation, production of palm oil and kernel oil shells. Others
are processing palm kernel nut PKN, palm kernel cake PKC and supply.
Oil Palm Products
- Palm kernel cake
- Palm kernel nut
- Palm oil
- Kernel oil
- Palm kernel shell
Permits and Registration
The
first step to starting an exportation business is incorporating your company.
Register the business with the corporate affairs commission as a limited
liability company.
You
need a business name, insurance and tax identification number. Then register the
company with your countries export promotional council.
An export promotional council’s sole purpose
is to provide assistance to export companies through documentation and
information dissemination. Some even provide contact information of potential buyers
of the product.
Other
documentation includes commercial export documentation, shipping documentation
and quality assessment and certification documentation. The assessment and
quality control documentation is issued by the Food & Drug Administration.
- Register the company as a LLC
- Choose a business name
- Get insurance
- Tax identification number
- Register export council
- Commercial export permit
- Shipping documentation
- Quality assessment certification
- Labeling
Quality Assessment
The
product needs to pass a strict quality assessment. This is because commodities
that fail such tests are either rejected or confiscated.
Quality
products should be free from impurities and have favorable moisture content.
Other requirements are gravity, sponification value and an odor less rich
taste.
Labeling and Packaging
The
labeling and packaging are also important. The label should have information
such as date of harvest, production and expiration.
Other
information includes country of origin and destination. The packaging should be
secure and durable.
Things you need
There
are a few things you need such as trademark and company seal. Others are
corporate bank account and tax returns. Secure a business premises and network
with producers and buyers.
Documents to Export
Palm Kernel Oil
- Shipping documents
- Quality assessment document
- Commercial document
- Tariffs concession documents
Find Buyers
Despite
having a large amount of oil palm trees Nigeria is a major importer of the
product. The oil comes from Malaysia and Indonesia accounting for huge income
for such countries.
To
find credible buyers approach your local chambers of commerce. Other resources
are through yellow pages and online directories.
Do
due diligence before committing to a supply contract. Finally make sure the
product passes strict quality control measure to avoid rejection or non-payment
of shipped product
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