Hastesid Farms & Agro Allied is located along Lagos-Abeokuta express way South West, Nigeria. We have a Palm kernel processing factory with the a processing capacity of 1800 Tons/Yr. This is 800 tons of Palm kernel oil & 900 tons of Palm kernel cake. Palm Kernel Oil is a major raw material for vegetable oil, soap making, hair & beauty products, and many other uses with export potentials. Palm Kernel cake is a major source of livestock feed rich in fiber. Nigeria vegetable oil consumption is at 1M tons/Yr
The global palm kernel oil market was valued at around USD 10.00 billion in 2016 and is expected to reach approximately USD 14.00 billion by 2022, growing at a CAGR of 4.5% between 2017 and 2022.
On the basis of application, the market is classified into edible oil, cosmetics, biodiesel, lubricants, surfactants and others. In terms of revenue edible oil segment held around 36% share of the overall market in 2016. Palm kernel oil is an important raw material for surfactant
As part of our backward integration strategy we have made moderate investment in oil Palm cultivation which we project will provide 20-30% of our Palm Kernel Nuts for our factory in 5 years.
As part of our future forward integration strategy, we project to convert our Palm kernel oil into edible vegetable oil or invest in soap manufacturing by 2024
Our mantra is #profit2impact. We have social impact as a core objective, linking small holder farmers to market & creating jobs.