Benin alone produced 109 thousand tonnes of vegetable oils in 2019 (Source: World Data Atlas). The African edible oil market was valued at USD 4,803.28 million in 2021. Experts expect it to reach USD 8503.00 million by 2029, registering a CAGR of 7.40% during the forecast period of 2022-29.
What is a soya bean extracting machine?
Description of the Soya Bean Extracting Machine Evaluation of the System The extracting machine consists of the following basic units; The constructed soya bean oil extractor was tested to evaluate feeding unit (hopper), pressing mechanism, driving its performance in the extraction process.
Why is soybean a good investment in Benin?
Soybean production has increased from 57,000 tons to 222,000 tons from 2009 to 2021. Also, its value outgrew from US$ 6.6 million to the US $ 109 million (source: IAEA). The Government of Benin (GOB) when exports more, can decrease the nation’s deficit and buy more from the international markets.
Why is soybean oil production so low in Africa?
Lack of soil fertility was the prime reason behind low yields and insufficient income for soybean farmers in African countries like Benin. Thanks to the innovation of bio-fertilizers with isotopic techniques, which increased soybean oil production significantly with the support of the Food and Agriculture Organization of the United Nations (FAO).