Start a cold compressed oil business | Fusion - WeRIndia

Nowadays, many people are ready to pay premium prices for products of high quality. Usage of cold compressed oils also has been growing for the past few years due to their health benefits.

Normal oils are chemically processed at higher temperatures. But, these cold compressed oils are produced at room temperature. Thus, they are good for health. Hence they have good demand in the market.

If you want to start a cold compressed oil business, here are complete details about it:

You can choose groundnut oil, sesame oil, mustard oil, coconut oil or olive oil for your business.

Before starting the business, decide which type of business you want to choose. You can start it on a small scale in the beginning and extend it gradually. With a small scale industry, you can extract 5 to 10 metric tons of oil every day.

On the other hand, a medium-scale industry can extract 10 to 50 metric tons of oil per day, while a large scale industry helps extract more than 50 metric tons of oil per day.

Required Machinery:

Different machines are required for the extraction of the oil. These include an oil extraction machine, an HP motor, storage tank for oil, cooker and filter press. The machinery and other materials may cost around ₹3 lakhs. You can compare the prices of machinery on various websites, like Indiamart.

In addition to that, you have to spend around ₹50,000 on power supply and connection. Besides, you need to purchase empty tins, bottles, and materials, which cost ₹1.5 lakhs. For land and other miscellaneous expenses, you will need an additional amount of ₹2-3 lakhs.

Many banks like State Bank of India, Bank of Baroda, Canara Bank and NABARD provide loans and subsidies. You can contact them with your business proposal to get more details.

As the oil has a good demand in the market, you can expect a profit of 35-40%. But, maintaining good quality and hygiene is very important to attract more customers.

Image by manjot13 from Pixabay (Free for commercial use)

Image Reference: https://pixabay.com/photos/coconut-oil-virgin-coconut-oil-6925841/