Post by Trade Coach on Feb 16, 2021 21:18:21 GMT 1
Palm wine is a hugely popular beverage in many parts of West and Central Africa, consumed by millions of people. Palm wine is locally extracted. The quantity of sap that can be taken from one palm tree depends on the mode of extraction, the palm species, season and the fertility of the soil. Africans had been enjoying palm wine and other varieties of locally produced wines and beverages long before the introduction of fruit wines to Africa.
Palm wine can be used as a preservative. Ethanol is a product of palm wine. It is also believed that palm wine can help fight against cancer.
Palm wine can be successfully transformed into a commercial success and be exported to customers in the US and Europe, especially Africans living in the diaspora. Its production cannot even meet up to 10% of millions of demand across Africa and the world. In Nigeria, the gin produced from palm wine is popularly called Ogogoro.
Palm wine can also be distilled to produce strong and highly alcoholic gins both locally and internationally which provides a wide demand for it. This is an opportunity for investment and can be a good source of income.
This local wine has the potential of big business in Nigeria and abroad. Have you ever thought of exporting palm wine? You can make millions investing in palm wine business. Apart from the large market already existing internally there is a good prospect of the bottled palm-wine being exported to foreign countries, as it is being done already by a few people.
The investor and the country therefore have the chance of earning hard currency from the sales of bottled palm-wine abroad.
Investing in palm wine as a commercial venture will provide employment for the rural people and raise their standard of living and as well enrich the pocket of the investor.
Also, palm wine production by entrepreneurs and individual farmers may promote conservation, as palm trees become a source of regular income that may improve the economy. The demand for it makes it a fast moving and rewarding business, especially when exported overseas.
Palm wine can be used as a preservative. Ethanol is a product of palm wine. It is also believed that palm wine can help fight against cancer.
Palm wine can be successfully transformed into a commercial success and be exported to customers in the US and Europe, especially Africans living in the diaspora. Its production cannot even meet up to 10% of millions of demand across Africa and the world. In Nigeria, the gin produced from palm wine is popularly called Ogogoro.
Palm wine can also be distilled to produce strong and highly alcoholic gins both locally and internationally which provides a wide demand for it. This is an opportunity for investment and can be a good source of income.
This local wine has the potential of big business in Nigeria and abroad. Have you ever thought of exporting palm wine? You can make millions investing in palm wine business. Apart from the large market already existing internally there is a good prospect of the bottled palm-wine being exported to foreign countries, as it is being done already by a few people.
The investor and the country therefore have the chance of earning hard currency from the sales of bottled palm-wine abroad.
Investing in palm wine as a commercial venture will provide employment for the rural people and raise their standard of living and as well enrich the pocket of the investor.
Also, palm wine production by entrepreneurs and individual farmers may promote conservation, as palm trees become a source of regular income that may improve the economy. The demand for it makes it a fast moving and rewarding business, especially when exported overseas.