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YAM FLOUR PRODUCTION
This free yam flour processing business plan template will give you needed guide on how to start and profit from yam flour manufacturing business. The cost and source of quality yam flour processing machine and equipment needed for the commercial processing of yam flour. The packaging of the finished product and the feasibility report on yam flour making business are discussed in this yam flour business plan template.
Market Analysis of yam flour processing business
In Nigeria, yam flour is called pounded yam. This yam flour production business plan template will take you through the process of producing dried and packaged yam flour in commercial quantity and how to profit from it. Yam, which is the raw material for yam flour production is found in large (commercial) quantity in Obi town in Obi local government area of Nasarawa State. It is a premium food crop in Nasarawa State. However, yam flour production is a relatively small industrial activity. Industrial activities in this area are predominantly in the informal sector, where yam tubers are per-boiled and sun-dried into chips which are later processed into flour. Yam flour apart from serving as an outlet for preservation of yam has the possibility of making yam products always available.
The market for yam flour in Nigeria is very wide. The product is used mainly at homes, hotels, and starch derivatives factories. It is also exported to different parts of the world. This industrial sector can boost job creation and profit making.
Project Engineering of yam flour processing
Plant capacity: 150 tones/annum
Raw Materials Requirements: Yam
|Quantity||12,000 metric tonnes|
|Cost||12,000 M/tonne at 120,000 N100/MT|
Production Process of yam flour
The process involved in yam flour production includes washing of the yam. The yam is then peeled and sliced into required shape. It is then dried using gas drier, milled, sieved and packaged. It is then ready for use.
Machinery and Equipment of yam flour processing
The basic equipments required include gas fire boiler, gas drier, grinding machine, B.H.P. diesel engine, auto sieving machine and bagging silo.
|Sources||Local and Imported|
|Cost||Determined by the market|
|Sources||Local and Foreign|
Labour/Manpower Requirement for yam flour processing
Number of People Required: 33
|In-plant = Yes|
|Out-plant = Yes|
|Both = Yes|
Preliminary Financial Analysis of yam flour processing business
|Cost of Fixed Assets (Investment)||N’000|
|1||Land and Building (rent)||500,000|
|2||Plant & Machinery||1,200,000|
|2||Salaries and wages||2,960,000|
|3||Overhead and utilities||240,000|
|Total working capital||3,320,000|
Estimated Turnover of yam flour processing business
|12,000 M/tonnes at||120,000|
Operating cost of yam flour processing
2.5% of preceding cost of production N64, 000 Gross margin (%) 24.0%
Source: RMRDC, Abuja 2003.