Investing in a rice bran oil refining plant can be a profitable business venture. Here are some factors to consider:
Market Potential: The demand for rice bran oil has been steadily increasing due to its health benefits and rising health awareness among consumers.
Location: A suitable location would be a place close to rice mills, which would ensure a steady supply of rice bran.
Budget Costs: The initial investment for establishing a rice bran oil production plant may vary depending on the scale of operation and location. The estimated cost of establishing a factory with a daily production capacity of 10 tons is around $200,000 to $250,000.
Revenue Forecasts: Revenue forecasts may vary depending on the selling price, which can range from $900 to $1,200 per ton. The net profit margin for a rice bran oil manufacturer’s business plan can be around 10% to 15%.
Remember, these are just estimates and the actual costs and profits can vary based on various factors such as location, scale of operation, and market conditions. It’s always a good idea to do thorough research and possibly consult with an industry expert before making an investment decision.