Authors : O.I. Adesiyan , K.O. Adedapo and B.A. Salako
Abstract: This study focuses on the profitability of the oil palm fruit processing in Okiti pupa Local Government Area of Ondo State. Data were collected through a well structure questionnaire and stratified sampling was used to select sixty respondents for the study. Inferential statistic was used to analysis the data, as well as gross margin analysis. From the study it was found out that, average variable cost is lower than the total average revenue, also the benefit cost ratio is greater than 1 (i.e., 1.185) and rate of returns to investment was 21%. From the above performance indicators, it shows that the business of oil palm fruit processing in this local government is a profitable venture.
O.I. Adesiyan , K.O. Adedapo and B.A. Salako , 2007. Profitability of Oil Palm Fruit Processing in Okiti Pupa Local Government Area of Ondo State. Research Journal of Agronomy, 1: 12-14.