Given a chance to make a choice between the two crops, which do you think is very profitable. Why do you think so. Your comments are welcome.
Between cashew and oil palm farming, which is more profitable?
- Thread starter Niyi Briggs
- Start date
Palm oil farming is more lucrative and profitable. Palm oil is always in high demand both locally and internationally. My family have been in the palm oil business for five decades and is very rewarding. After processing the oil , you still have the kernel oil to extract and make more profit. Everything in palm business is profitable.
- Thread starter
- #4
True that. It is highly profitable. There is nothing that is lost in all of these. I think this is a good long term investment programme.
Palm oil is always in high demand in this part of the world. I think buying from rural areas and selling in urban areas is also a good business venture.
I think that you must conduct the study and try to find the actual demand of both of them and then venture into the most profitable business.
The location of the business will help determine that. There are some places where the demand for a particular thing will be higher.
Obviously oil palm farming will be the best because it is more profitable than cashew plantation.
I think this is very true. The demand for oil palm in this part of the world is always high compared to cashew.
I think it depends on what they consume in each location but if I am to tell from my location, palm oil is very much better.
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I think it depends on what they consume in each location but if I am to tell from my location, palm oil is very much better.
Both are very lucrative but I would choose oil palm plantations like what you have said because gives you more profit simply because it is used on a daily basis in our houses.
I will choose oil plantation as the best because with oil palm plantation you can make huge amount of profit and if you produce in large quantity, you can also export to other countries.
You have a very vital point because when you produce oil palm in large quantity and export to other countries, you're going to make reasonable profit.
There are couple of people who are making huge amount of money from this type of enterprise because it is a very lucrative investment if you could export it.
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People who can export oil palm plantation into other countries would have to do it in large quantities because that is exactly how you can produce enough to be exported.
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Exactly, a lot of people know more about palm oil than the other, and the best part about it is that if you invest in the palm tree it self you can also make more money as you can get different products from a palm tree. You can also get banga to sell, the leaves can be used to make local brooms to sell and you can also get palm wine. It is also believe that maggot commonly known as edible can be found in under palm trees as well.
In my opinion, both are very profitable but only for some parts of the world. In my country, they are not.
- Thread starter
- #19
I think I would pick oil palm. It is not difficult to manage and it also has a long term productive period.
