Do you know that exportation of palm kernel abroad is a huge business for exporters of palm kernel in Nigeria. The exportation of
kernel oil and palm oil is a lucrative business venture.You find major markets
in Europe, America and Nigeria. 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.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.
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
PPermits 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. Quality products
should be free from impurities and have favorable moisture content
Labeling and
Packaging
The labeling and
packaging are also important. The label should have information such as date of
harvest, production and expiration.
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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