Cost economics and economic viability of cold press oil extraction unit

Abstract

The present study has been carried to study the different parameters for the establishment of cold press oil extraction unit. Calculated the production cost of cold press groundnut oil by considering all parameters and determined breakeven point of the cold press oil extraction unit at different market prices. Study revealed that, within 2 years cold press oil extraction business will achieve the breakeven point for Rs. 310 as market price. Breakeven point determination gives the clarity about all the parameters which effects on the oil extraction business establishment. Entrepreneur had been facing the different problems while establishing the unit hence efforts were taken to resolve the problems related to the cold press oil extraction unit with the efficient data and technical solutions. The mentioned study act as basic model for the start-up business entrepreneur of oil extraction unit.