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The Business of Red Oil

We were once the largest producers of Palm products in the world, till Malaysia humbled us with our own seeds to become the largest producer. Now we are gradually getting back to our rightful place.

The palm tree provides in a lot of ways, in fact it’s one of those gifts that just keep on giving. It will surprise you the amount of useable material you can get from just one palm tree.

The business opportunities are immense. Consider what can be made from a single tree:

  • Leaves: Used to make brooms and for roofing materials (in the rural areas).
  • Bark of the frond: Can be peeled and woven into baskets.
  • Main Trunk: Can be split like sawn timbers and used as part of building materials.
  • Sap: Palm wine can be obtained from the palm tree.
  • Fresh Fruit Bunches: The source of red palm oil.

Each in itself is a viable business opportunity you can key into, with just the right information. (That’s what we are here to do.)

Our Focus Today: Palm Oil

Palm oil, or Red oil to some of us, and Gbanga to the rest of us foodies.

You see it when you go to the market: Blood red, thick and rich in a bottle. But what's the story behind it? How did it get to where it is? What journey did it take to get to the market?

Herein lies the story of the Business of Red oil.

End of Part One    –    Continue to Part Two

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