Project report for Groundnut Oil
Project report for groundnut oil manufacturing is as follows
Groundnut Oil is one of the edible oils used vastly in all parts of India specifically in Western Zone. The Oil is having nutritional and medicinal value. The groundnut oil is sweet in taste . Groundnut kernel contains 50-55% of the oil. Groundnut oil is an important edible oil throughout the world. The oil has good nutritional value. And it doesn’t create any cholesterol problem. Hence, it is a popular cooking medium. Apart from cooking, the product is a very essential ingredient in the bakery and confectionery industry. The oil is used as a substitute for olive oil and other edible oils, soaps, salad and cooking oil, mayonnaise and margarine. Apart from the domestic market, groundnut oil has tremendous export potential also. Hence, starting a groundnut oil production business is a highly profitable venture for the entrepreneurs who want to start a business in the edible oil industry. Generally, the groundnut oil production process contains three basic stages. These are seed preparation, pressing and crude oil refining.The seed requires undergoing a thorough cleaning process to remove sand, stalk, plant debris and any other foreign matters by rotary or table sieve. After cleaning, the seeds are ready for efficient oil recovery by pressing.
Product / Services & process
We produce high quality Groundnut Oil. The Groundnut oil benefits are surplus. Groundnut oil has a large number of benefits that help in keeping the body healthy and strong.
Market potential & Strategy
The edible oil market is expected to be dominated by various national and multinational players due to the increasing import dependence of the country in the near future. In India, Gujarat holds the first position in producing the groundnut oil. The state shares 9% in the groundnut production of world and 25 to 30% of India. The country’s overall groundnut oil production depends on the raw groundnut production. Groundnut oil production is a financially profitable venture with huge export potential. In addition, you can initiate the groundnut oil processing operation as small and medium scale basis according to the desired output and project cost. Groundnuts are a popular source of food throughout the world. Groundnut oil is used for cooking food and as a shortening or as a base for confectioneries and they can be used to make peanut butter. Groundnut oil ranks at the top among edible oils exported from India. It is a premium oil and its cost is also high. Most other edible oils are priced lower than groundnut oil. Groundnut oil is available in the market in refined and filtered forms. Although filtered oils are nutritionally superior in quality. The size of the global groundnut oil market is about 198,000 MT, during FY2016. Additionally, India exports about 17,000 MT of groundnut. With liberal export policies and a good domestic crop, exports are expected to exceed 28,000 MT in FY 2019.