A COMPANY ON A MISSION TO TRANSFORM THE PALM OIL INDUSTRY.
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- Опубликовано: 22 янв 2022
- THE HISTORY
Africa is home to some of the world’s most precious resources, from human to minerals and proverbs.
There is an adage that says “As far as the Palm tree is concern nothing is wasted”
Amongst the many products that can be derived from the Palm tree, Palm oil is the most used product. It is used to produce over 50% of goods found in shelves of supermarkets globally. The palm oil business provides a path to poverty alleviation and economic prosperity as has been proven by the top palm economies like Indonesia and Malaysia.
Palm oil is a vegetable oil high in saturated fat. It comes from the fruit of the palm tree Elaeis guineensis. This tree originated in West Africa but has since spread to other tropical areas including Southeast Asia.
Due to its super-functionality, palm oil is in high demand globally. It’s used in:
• foods
• detergents
• cosmetic products
• biofuel
In the 1950s and 1960s, oil palm farming was a key sector of the Nigerian economy. The sector generated about 43 per cent of the world’s total vegetable oil production. Nigeria was considered the leader in the world palm oil market.
However, in the past decades, the country has become a net importer of palm oil due to the negligence of the sector. Today, Nigeria produces only less than two per cent of global output. Data shows that the sector’s decline began amidst the crude oil boom of the 1970s, which led to a neglect of the palm oil industry.
With a population of over 197 million people, Nigeria consumes roughly 3 million metric tonnes (MT) of fats and oils annually with palm oil accounting for approximately 80 per cent of total consumption in 2018. The domestic demand for palm oil outstrips local production capacity which was formally met through importation. With the ban on the importation of palm oil in 2015, there has been a demand gap of about 0.59MT demand locally.
Due to the demand gap, palm oil adulteration has become more acute; particularly in the mass markets. According to a report by NAFDAC 4 in 5 bottles of palm oil sourced from the unregulated mass market is adulterated with Sudan IV dye a known cancerous substance. This has exposed over 70% of the 42m households in Nigeria (NBS, 2020) who shop for food items from the mass markets to diverse food-related illnesses such as cancer, food poisoning, heart diseases etc.
THE INSPIRATION
Inspired by the loss of his dad to cancer, Ikechukwu Kingsley embarked on a mission to solve this problem by providing a healthier, traceable and affordable palm oil for the cooking needs of Nigerians.
With this mission in mind, Ikechukwu Kingsley set up his company to address this challenge and like every growing business he had his teething problems.
THE DETERMINATION
But as the saying goes, where there is a will there is a way. Like every determined visionary leader, he believed that there's always light at the end of the tunnel.
With this heart-warming milestone, he set out to improve production capacity by installing a modern integrated palm oil mill, and just after installation another challenge!
THE IMPACT FOCUS
Regardless of these challenges, he is not just laser-focused on the Vision, but also extending the company’s social impact by providing milling services, access to finance and wholesale markets to the micro millers and smallholder farmers whilst creating employment opportunities across the value chain.
PURPOSE BEYOND PROFITS
As a firm believer that we exist not just for ourselves, but for a mission far greater than our personal aspirations, Ikechukwu still finds joy doing what he loves regardless of the ups and downs in his line of business.
For more about us, kindly visit our website: krfoodsng.com like us on Facebook @krfoodsng and follow us on Instagram at: krfoodsng
"The reward for hard work is more work". LOL! You can say that again.
India should import more Palm oil (& kernel oil) from Wests African Guinea coast (Guinea, Guinea-Bissau, Liberia, Sierra Leone, Cote de Ivoire, Ghana, Togo, Benin, Nigeria & Cameroun). This way India, can positively contribute to their national growth & development.
I am in United States and I use red palm oil I love it I know the healthy benefits.. thank you
Where do you get yours and what brands do you use please?
I can supply it if you need.
@@ayobamichiemeke717 praise palmnut
@@c1peewee thank you. Is it the one in the can?
Ride on brother, hope to do business with you in future if you are keen on exporting your products overseas.
Thank you lord Jesus Christ please protect this young man and them like him
Amen
nice
Hii kinsey....i love your work....please how can i get this oil for my family
🔥🔥🔥🌴🔥🔥🔥🔥🔥
Good job man 💪🏼
Congratulations on your SUCCESS
Thanks
This is so true, the most common oil.
economic strength and infrastructure progress Nigeria, Africa and Indonesia beat the economy of the GDP of western European countries.
Wow...👏👏👏👏👏
👏🏾👏🏾👏🏾👏🏾👏🏾
Well proud of you KR foods. More grease to your elbows
Thanks
I love palm oil 😋😋😋😋😋
Very inspirating....but I didn't get the elaboration on the production of factory and it the 3 toms he mentioned in the video was a fraction of his daily output or just the combined output?I was also curious to understand that is sourcing from the open market tenable knowing pretty knew that he had early confirm that 40% of the cost was embedded in the the logistic cost of moving the good from the base to market
can you be more clearer so we can attempt to answer your question.
Kudos! can I buy in large quantity n sell to my customers!
I don't know much about palm oil, I'm use to virgin coconut oil which is very flavourful coming from the Caribbean and virgin olive oil because of its benefits.
But I'd like to know how good it is..not enough people talking about it in the west but I like to look at matters myself.
So palm oil is very nutritious. It is rich in Vitamins AD3 which helps improve heart function, reduce oxidative stress etc. It is the major ingredient in the preparation of diverse African delicacies that are tasty and delicious.
Our palm oil has a fresh savoury taste that appeals to your taste buds.
We are working on partnerships to get into the UK and Us for now. Perhaps with time we will be able to get into the Caribbean
I wish that most foods that have added palm oil would use the less processed red palm oil instead of the bleached palm oil. The natural color comes from healthy vitamins and it is a waste to remove them.
If I saw your KR foods palm oil in an American grocery store, I would definitely purchase it. Please export your product to the USA.
Did Nigeria ever fix the problem with your electricity supply or did you get a backup power generator? Do you think installing solar panels would work or is your region cloudy too often for solar to be reliable?
We have plans to get into the US market. Interested partners are welcome to work with us.
I sell palm oil too in large quantity
congratulations bro, remenber that Rome wasnt built in a day.
On average How much oil can be gotten from 1 of ffb?
I plan to venture into this trade I just need guidance and appreciate if you can mentor me in this field
Nice move bro. But is there anything to be done so that the oil will not be sleeping at the bottom of the bottle
Thanks... depends largely on processing techniques employed
Pls sir, I have something to discuss with you sir ..
About the machines...
Is there any way I can reach u ??
we don't fabricate machine. But you can reach us on IG @krfoodsng
Hi do you do private labeling for your customers?
I'm afraid not at the moment
Good job man, it takes people with big heart achieve this feet. Meanwhile we produce oil mill that doesn't require electricity to operate. You can checkout tochmmac technology on RUclips.
Checked out your page... interesting technology what's your base
@@krfoods2171 I'm in Accra Ghana, I've already built for three Nigeria customers and currently building two oil mills going to Lagos and portharcourt.
He needs to use a homogeniazer machine blender to maintain a uniform oil colour inside each bottle.
Good palm oil must have 2 layers the thick lower strata is rich in Beta carotene which is the same vitamin in carrots and tomatoes. But palm oil contains 10x and 30x more than tomatoes and carrots respectively.
Hi boss can I pay a visite to your production line?
Yes of course
How can I get your product in Umuahia?
We are working on onboarding a distribution partner in umuahia. Will update you soon
Please Sir, can small palm oil distributors buy from your establishment?
Yes you can. Let's take the conversation to WhatsApp
Drop your phone number and we will contact you
Please sir am inster
How much is a bottle of palm oil?
I stay out of the country how can I reach you I have business I want to run with you
I'm interested too, I do supply oil in large quantities
Hi, i am interested in your business as an employee, I am a palmnut harvester and prunner
impressive. what's your location
Good evening sir please I want to know who febricate your production machine
I will be glad if u reply me
Pls how do I reach you
Secondly can you explain how these two statement differ, In the initial statement you provide 30 direct and indirect jobs ,-that is interm of perminent job and as skill you 500 direct and indirect jobs
Current jobs created 30... number of jobs to be created at scale 500
Do you sell in large quantities in big kegs. If yes, kindy, drop your consideration contact.
I do sell in large quantities.
Unfortunately, we don't at the moment. We are focused on serving the mass market and diaspora markets at the moment.
@@ndeksfidel8596 can I have your contact?
I do sell in large quantities.
I do sell in large quantities
Hello how can I get to you
Send a mail to a.ikechukwu@krfoodsng.com
Hello how do we reach you
Through our email address kernelinc87@gmail.com
Where is your location. Want to be your distributor
we are located in Abia state. What's your location.
Palm oil 1000liter rate
You should learn from Malaysia and Indonesia. Invest in advance technologies.
Thanks for your suggestion. We are an innovation driven, forward thinking company, open to collaboration and partnerships to grow and scale the Nigerian palm economy. It is a marathon not a sprint.
@@krfoods2171 ready for partnership? To pull funds in as much as 500m?
@@uncledale7412 let's meet here kernelinc87@gmail.com we are interested
Good! Luv it!!!! If I was you I would employ P-R-O-M-O-S-M!!!
what is PROMOSM
Can I have your email
Mazi okechukwu in dont know if you can see this comment but if yes , pls send me your contact i want to do my 1month indurstrial training with you pls
What's your location?
@@krfoods2171 owerri Imo State
@@krfoods2171 boss i will be okay if i can get ur whatsapp digits