Tabbris Oil Mills Limited

Palm oil is the most widely consumed vegetable oil in the world, accounting for a third of global vegetable oil consumption
According to the US Department of Agriculture (USDA) this amounts to about 47 million metric tonnes
Global demand for palm oil has grown on average by 7% per annum over the past decade
There is a ready local as well as foreign market for the product as seen in the high demand for palm oil in Asia and biofuel in Europe
Nigeria used to be the largest exporter of oil palm products until 1934 when the country was surpassed by Malaysia
Total annual demand for palm oil in Nigeria is estimated to be about 1.9 million metric tonnes while the country’s production is estimated at 850,000 metric tonnes
The fruit can be grown effectively near the equator