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Palm Oil

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Factbook F-243161
Palm Oil Raw material Cash Crops
Production126,500 t p.a.
Exports0 mg
Value per tonne✦712
Revenue✦90 m
Value added✦89.2 m
Surplus✦50.2 m
  • Per tonne:
  • Labour ✦222 (Sf 1.85)
  • Materials ✦0
  • Capital ✦87
  • Energy ✦6
  • Surplus ✦397

Whole chain per tonne: 7.5 labour hours, 120 kWh.

Formula

A.C. = w0LhSf Labour ✦222 Shadow wage w0 ✦16 an hour Γ— Lh 7.5 hours per tonne Γ— skill factor Sf 1.85 Sf for agriculture: training ✦30,000 against ✦45,000, queue 10 hours against 48 + Ξ£ qiPirΞ»i Materials ✦0 A raw material, with no recipe inputs. + (D + Mo)Ξ±e Capital ✦87 Depreciation and maintenance ✦60 per tonne Γ— financing 1.45 Γ— waste factor Ξ±e 1.00 Financing is interest at 6% on equipment's average value over a 15-year life. Ξ±e is 1.00 when maintenance hours and defects are on target. + Epe Energy ✦6 E 120 kWh per tonne Γ— pe ✦0.05 per kWh = ✦315

A.V. = rP*world Accounted value ✦712 per tonne World price $450 per tonne plus freight and insurance 5.44% = P* $474 Γ— r 1.5 crowns per US dollar Import parity: the price at the Commonwealth border for a good it could otherwise import. Observed abroad, not calculated: a wasteful producer raises only its own cost. = ✦712

Revenue = A.V. Γ— Q Accounted revenue ✦90 m p.a. Domestic: 126,500 t Γ— ✦712 = ✦90 m = ✦90 m

Surplus = (A.V. βˆ’ A.C.) Γ— Q βˆ’ levies Accounted surplus ✦50.2 m p.a. Revenue ✦90 m βˆ’ cost ✦315 Γ— 126,500 t = ✦50.2 m Distributed 40% to reinvestment, 20% to the municipal aggregate and 40% swept to the Treasury. = ✦50.2 m

Made here
Supplies or uses it
Inputs arriving
Output leaving

Made in

Kairi 25% Annobon 25% Java 25% Principe 25%

Output

Soap ✦17.5 m Final domestic use ✦72.5 m

Made from per tonne

A raw material: no recipe inputs.

Used in p.a.

  • Palm Oil126,500 t✦90 m100%
    • Soap24,590 t✦17.5 m19.4%
  • Final domestic use 101,900 t ✦72.5 m 80.6%