Groundnuts are also used for food and as an ingredient in confectionery products. After the extraction of oil, the residual cake is processed largely for animal feed, but is also used for human consumption.
Nigeria currently produces about two million MT representing 5% of world production and Foraminifera Market Research through this feasibility seeks to highlight the investment opportunity in the trading and export of the commodity.
Groundnut is the 13th most important food crop of the world. It is the world’s 4th most important source of edible oil and 3rd most important source of vegetable protein. Groundnut seeds contain high quality edible oil (50%), easily digestible protein (25%) and carbohydrate (20%).
Because of it numerous uses, groundnuts are in great demand and this opens an opportunity for interested investors to export the product.
The return on investment on the export of ground nuts is estimated between 10%- 15%.