FarmTech:
..
What are the requirements of being a local agent? Do they hav an associatn? I'll also like u to talk more on the strategy olam nig used.

FarmTech:
..
What is this sesame self?

stagger:

Sesame seed is also called benniseed, or "ridi" in Hausa. It is an oily seed with many food and industrial uses. A collaboration between MARKETS (an agribusiness oriented NGO) and OLAM Nigeria Ltd (a multi-billion dollar commodity buying company) has ensured that sesame farmers in Nasarawa state get a guaranteed market for their product by supplying same to OLAM. I personally want to go into it next year as the return on investment approaches 65% with good agric practices.

I just dey gather some kind money to hit this business on a commercial scale.

dav8id: Before the Nairaland data loss i have wrote a small post regarding this business EGUSI STORAGE BUSINESS.

Its nothing but its just a kind of business were you buy egusi at cheap price during the harvest time (now ) at farm gate price directly from farmers through local purchase agent , then store the egusi for 2 to 3 months or more months for reselling at 100 to 300% profit.
The longer your store the higher the profit. Last year we invest in this business by buying size 29 bag of egusi at 12k and then resell at 28k by november same year while some sell same size of bag at 48k around march this year.

Current price of size 29 bag of egusi is now is 13k .Note agro produce price are not stable and egusi price might likely increase or decrease as the case maybe.

Why egusi storage business?
You dont need marketing. Yes buyers are always around to buy from you whenever you want to sell it.the demand is morethan the supply.
You buy at the egusi market, you store it at same market, buyer come to same market from different state and buy from you in same market.

You buy directly from local purchase agent whom charge you commission per bag. You will be incharge of your money.you will be there when the agent is making the purchase for you but its more profitable if you can release money to the agent to go into the remote area and make the purchase for at a very killer price .thats is my style.

You make the purchase, you store the egusi in the store and pay for the store fee, you walk away, when the price increase the agent wil alert you and you give order for the resel simple.

Location Lafia in Nasarawa state.

I will be updating this thread with the latest news of the market.

All question should be drop here.

Others commodities like maize.soya beans are yet to be in the market.

For help call 07037781319

dav8id: Before the Nairaland data loss i have wrote a small post regarding this business EGUSI STORAGE BUSINESS.

Its nothing but its just a kind of business were you buy egusi at cheap price during the harvest time (now ) at farm gate price directly from farmers through local purchase agent , then store the egusi for 2 to 3 months or more months for reselling at 100 to 300% profit.
The longer your store the higher the profit. Last year we invest in this business by buying size 29 bag of egusi at 12k and then resell at 28k by november same year while some sell same size of bag at 48k around march this year.

Current price of size 29 bag of egusi is now is 13k .Note agro produce price are not stable and egusi price might likely increase or decrease as the case maybe.

Why egusi storage business?
You dont need marketing. Yes buyers are always around to buy from you whenever you want to sell it.the demand is morethan the supply.
You buy at the egusi market, you store it at same market, buyer come to same market from different state and buy from you in same market.

You buy directly from local purchase agent whom charge you commission per bag. You will be incharge of your money.you will be there when the agent is making the purchase for you but its more profitable if you can release money to the agent to go into the remote area and make the purchase for at a very killer price .thats is my style.

You make the purchase, you store the egusi in the store and pay for the store fee, you walk away, when the price increase the agent wil alert you and you give order for the resel simple.

Location Lafia in Nasarawa state.

I will be updating this thread with the latest news of the market.

All question should be drop here.

Others commodities like maize.soya beans are yet to be in the market.

For help call 07037781319

dav8id:
i dont have idea on how to become the local agent but the agent have union. A visit to the market will give you more insight.

I cant openup for you on olam nig, they are already part of us fully (sesame business) sorry for that

dav8id:
i dont have idea on how to become the local agent but the agent have union. A visit to the market will give you more insight.

I cant openup for you on olam nig, they are already part of us fully (sesame business) sorry for that

stagger:

Sesame seed is also called benniseed, or "ridi" in Hausa. It is an oily seed with many food and industrial uses. A collaboration between MARKETS (an agribusiness oriented NGO) and OLAM Nigeria Ltd (a multi-billion dollar commodity buying company) has ensured that sesame farmers in Nasarawa state get a guaranteed market for their product by supplying same to OLAM. I personally want to go into it next year as the return on investment approaches 65% with good agric practices.

I just dey gather some kind money to hit this business on a commercial scale.

LONGFELLOW02: Boss Dav8id weldone sir, pls is their any risk in this biznes?

You knw pple say what hv advantage also hw disadvantage.

Hw do i sell it? is it the agent that will help me re-sell it

Is their a chance for me to meet you in person?

dav8id: Before the Nairaland data loss i have wrote a small post regarding this business EGUSI STORAGE BUSINESS.

Its nothing but its just a kind of business were you buy egusi at cheap price during the harvest time (now ) at farm gate price directly from farmers through local purchase agent , then store the egusi for 2 to 3 months or more months for reselling at 100 to 300% profit.
The longer your store the higher the profit. Last year we invest in this business by buying size 29 bag of egusi at 12k and then resell at 28k by november same year while some sell same size of bag at 48k around march this year.

Current price of size 29 bag of egusi is now is 13k .Note agro produce price are not stable and egusi price might likely increase or decrease as the case maybe.

Why egusi storage business?
You dont need marketing. Yes buyers are always around to buy from you whenever you want to sell it.the demand is morethan the supply.
You buy at the egusi market, you store it at same market, buyer come to same market from different state and buy from you in same market.

You buy directly from local purchase agent whom charge you commission per bag. You will be incharge of your money.you will be there when the agent is making the purchase for you but its more profitable if you can release money to the agent to go into the remote area and make the purchase for at a very killer price .thats is my style.

You make the purchase, you store the egusi in the store and pay for the store fee, you walk away, when the price increase the agent wil alert you and you give order for the resel simple.

Location Lafia in Nasarawa state.

I will be updating this thread with the latest news of the market.

All question should be drop here.

Others commodities like maize.soya beans are yet to be in the market.

For help call 07037781319

dav8id:
Life entirely is risk. You dont need marketing to resell it. Thats why i said you need someone in the market to monitor the price movement for you.
You already store it in the public store in the market or you rent a room and store. When the price raise, your price monitor or agent whatever will alert you and you do what you think is the best to resell your storage.
Every month go done the price increase .eg we are in august now and the price is cheaper now.once we enter september the price increase. Note you have to becareful when buying cuz you might endup buying undry egusi whice its not good for storage but if you can have a means of drying it then buying undry egusi is the more profitable but you will redry it for just two days after buying.
The local agents have a means of detecting dry and undry egusi.

Customers from different state visit the market in large numbers for purchase. You can resell your product whenever you want but the longer you store the higher the profit percentage.
A visit to lafia will give you more insight.

dav8id: Update...

As for today and as for this moment there is price increase of egusi in alamis market in lafia. The current selling price is 18k as for this moment of today.
5k increase from last week to today.
We are making progress

charony:

PLEASE, HOW MANY KG IS IN THE SIZE 29 BAG? Please what is the cost of transporting to Anambra state? I REALLY WANT TO KNOW WHAT SIZE 29 BAG IS LIKE. THANKS

LONGFELLOW02:

Boss the price don increase o. .am planing to visit lafia on Monday or Tuesday. . Is it ok to buy@18k per bag? Hw much is undry egusi per bag for nw?

Which day is dier market day?

I hope the price will nt be too high by Tuesday o

dav8id:

At this moment price is 19200 naira.

The price will still come down any when rain fall on market day and disturb the market day...august is the best month to buy when we are out of august.from september down the price will really shot up...raining determind the price.

dav8id:

At this moment price is 19200 naira.

The price will still come down any when rain fall on market day and disturb the market day...august is the best month to buy when we are out of august.from september down the price will really shot up...raining determind the price.

LONGFELLOW02:

Ok sir, Pls update us when the price come down.

Boss is it good to buy in garaku nasarawa state?

Pls teach me hw i can market ginger nd garlic?

When are you goin to be in lafia so that we can meet there?

stagger:

Hmm. This is beginning to sound like trading on the floors of the commodity markets.

dav8id:
You can buy it any location but i insisted in those market cuz customers follow you down to the market . No need of marketing.

No need of meeting me bro, u are in garaku then u nt far from lafia.its do it urself business.,
I already met with some few silent follow and am waiting to meet the last person and also d young big importer who also built a great.....dat is also hot sell item here on nairaland lolz

kentochi: See good business
God where is cashooooooooooo!