Expert in Palm Oil Processing Solutions
QIE Machinery
Expert in Palm Oil Processing Solutions
QIE Machinery
The palm oil business in Nigeria is one of the most profitable ventures today, not just because of its cultural relevance, but also because of its rising global demand. According to the United States Department of Agriculture (USDA), Nigeria currently ranks as the fifth-largest producer of palm oil worldwide, with annual output exceeding 1.4 million […]
What is palm oil? Palm oil is a vegetable oil that comes from the fruit of the palm tree. There are two different kinds of vegetable oils that can be harvested from palm trees; palm kernel oil (which is inedible) and palm oil (which is edible). Over the past couple of decades, palm oil has […]
Among all the vegetable oil varieties available in the world, palm oil is the most important. It accounts for a major portion of global vegetable oil consumption. Investment in the palm oil production process has also scaled up to meet this demand. Palm oil is derived from the ripened mesocarp of the fruit of Elaeis […]
The palm oil sector is poised for growth in 2025, with benchmark crude palm oil (CPO) prices projected to average RM 4,222.7 per metric ton (USD 942.77), up 4.5% from 2024 . This upward trend is fueled by rising biodiesel mandates, especially in Indonesia (B40) and Malaysia, as well as robust edible oil consumption in India and […]