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Stats: 1,964,103 members, 4,095,182 topics. Date: Tuesday, 20 February 2018 at 10:43 PM
|Re: Agric/grains Commodity Purchase/storage by henrimoto(m): 8:24am On Jan 01, 2017|
Olayimikami:Happy New Year Mr. Ola. May the best part of 2017 never pass us by.
With the current price of dried ginger, by the end of January, the price will get to #30k.
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 8:29am On Jan 01, 2017|
That's what i said about melon but it didn't come to pass. Will get to 30k easily but probably by march.
Some commodities will experience slow growth as cash inflow thins in January
|Re: Agric/grains Commodity Purchase/storage by Burningred: 2:28pm On Jan 02, 2017|
Looking for unhulled clean sesame seeds. Urgent supply
please email: email@example.com
|Re: Agric/grains Commodity Purchase/storage by Cupidkc(m): 8:31pm On Jan 02, 2017|
Happy new year to you all.... Mr Ola, I salute you Sire.
|Re: Agric/grains Commodity Purchase/storage by japsyvic(m): 10:52pm On Jan 02, 2017|
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|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 2:13am On Jan 03, 2017|
I am compelled to bring this to your notice having commented for a while on the said thread created by @davi8d
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 7:11am On Jan 03, 2017|
It's a new year, budding with new opportunities. We had more of a sinusoidal pricing last year mostly defying the pricing norm.
However i believe some of us were able to make marginally profit in most of the commodities stored or transacted on.
I believe it is at this period of entry into the new year that reviews of pricing and timing of exit should be done to effectively maximise profit.
Goals ought to be set and milestones noted. Our target is to ultimately make profit and with the dynamism of the market, adaptability is key.
Let's all review our assessment of the agro commodity last year, indicating our strengths and weaknesses which gives birth to opportunities and threats.
We are all evolving masters of this game now so i expect a brainstorming session that translates to growth.
|Re: Agric/grains Commodity Purchase/storage by soterslove: 1:54pm On Jan 07, 2017|
Can you please help with pix of commodity and bag size. Need yo confirm variety
@ OP Dry chilli is now 11,500 ~13k per bag
depending on variety.
Same bag size that is used in bagging
beans~bagco or jamilu.
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 9:56pm On Jan 07, 2017|
Bagco is smaller than Jamilu bag, bagco is size 28 while jamilu is size 32
Apologies please. Reachable now and will be till monday when i may go for another "bush ministration" for commodities.
Will reach you tomorrow unfailingly
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 8:07pm On Jan 10, 2017|
Be security Concious:- A prospective buyer just got duped some days ago out of curiousity and perceived "greed". He attempted accessing some markets alone without adequate information.
It's not just sufficient enough to know a location but to understand the dynamics of the environment. Regardless of how much of the local language you understand, always thread carefully.
Always try to break the ice using an indigene, it always help set the climate for effective business association.
I have often had to go with 3 or 4 people to access new markets and for large purchases in unfamiliar territories.
While most transactions are cash based, always hold limited cash in the first and second instance. You can always have a friend close by who you can call if you need more cash.
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 8:15pm On Jan 10, 2017|
Reviewing last year
I had presumed someone else was going to bell the cat but since we have none yet, will lead the way.
This should have come earlier in the year but better late than never
Performed poorly and below expectation especially for mid range entrants. Didn't make the climb beyond 35k and has been stuck between 28-30k for a while.
Based on it's performance, i am reviewing the entry price for this year to 14k-20k. Any price above that is a no no for storage. I will also implore those who intend to buy to sell at the first price surge.
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 8:31pm On Jan 10, 2017|
I will be buying early this year and intend to form a cluster group for the purchase. Those who are interested and want to partner on this can reach me so we can hold a meeting where certain parameters can be agreed upon for this year's project.
The target is to get a maximum of 400 bags which can be sold as is or peeled and sold. Entry period for this is still July/August but planning starts now so tasks can be assigned and sales strategy harmonised.
I have often noted though that while the unpeeled egusi storage has capacity for good ROI, what determines real price growth is the peeled egusi and this has potential for continual turnover unlike the unpeeled. The unpeeled operates more on speculative pricing
For those who have capacity for supply of peeled egusi within their market domain and are already existing members of their market association, we can partner to satisfy such request on a weekly or monthly basis.
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|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 8:37pm On Jan 10, 2017|
Please note that for either of the partnership, presence at the meeting is required prior to investing.
My numbers are active again and once a list is compiled, a date can be fixed for harmonisation of the project(s) and to set targets to meet our goals.
Meeting can be in any of Lagos, Ilorin, Abuja, Nasarawa, Kano or Benin
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 8:43pm On Jan 10, 2017|
Maize has done excellently well, if you didn't buy or you haven't; please feel free to join the train now. It still stands out to me as one of the best buys of last year. I have a feeling it may hit 200/kg with the way its going and only just committed to buying more. If you experience challenges with sales, feel free to buzz and i will get you a buyer.
For the adventurous mind, one can still come onboard for marginal gains provided near zero cost of logistics is incurred in storing it
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 8:53pm On Jan 10, 2017|
King Soya has also done well, trading @ 100/kg prior to the yuletide but closing in on 130/kg now. Most warehouses are full but demand for it is simply "crazy". I hitherto only had a market for this in feedmills but can conveniently channel to exporters now.
For those who have ample time and want to invest in this, you can pm or indicate interest and we can go "bush ministration" together.
While i really would love for partnership on this commodity, it requires commitment and manpower to source for it from multiple markets so availability is absolutely necessary
Note that at the current price of soya, it may be better to supply than warehouse. Alternatively, funds can be applied 50:50
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 9:02pm On Jan 10, 2017|
Currently trading at 380/modu, thats 38k a bag in most markets, 45k-50k in Nasarawa as at last week. The margins here are beautiful but always remember that modu conversion differ. If prices are too low to believe, confirm the modu size. The only accurate measurement is the per kg comparism.
I have however found pleasure in trading this commodity in the last one month. I actually sleep better knowing the prices will rise the following week as demand outweighs supply in my locality
Note that there are about 3 varieties and knowledge of the preference in your locality is key. Some contain more oil than others and are better priced.
Enough said. If i say it all, who would pay me for consultancy.....
|Re: Agric/grains Commodity Purchase/storage by gifted21(f): 2:23pm On Jan 11, 2017|
How much for maize now?
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 3:40pm On Jan 11, 2017|
12500-13500 depending on grade
|Re: Agric/grains Commodity Purchase/storage by gifted21(f): 3:49pm On Jan 11, 2017|
Good grade that can be stored.
The first batch l got turned black after 2 weeks.
Location is Port. Harcourt.
Where are you sourcing from?
How much is tp?
What can be added for preservation?
Thanks for the quick response
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 9:26pm On Jan 11, 2017|
Maize turned black? That's strange.
Sourced from Nasarawa and Plateau. Taraba is also good now.
TP from abj is btw N500- N4000 depending on which location you pick. The further you go though, the cheaper it is. Better to store where you buy to save cost on logistics.
You can use zinc phosphate capsules or alternative for preservation
|Re: Agric/grains Commodity Purchase/storage by Homoviator: 11:20am On Jan 12, 2017|
Oga Ola, please can I get your WhatsApp contact, mine is 08136874510.
|Re: Agric/grains Commodity Purchase/storage by Tyche(m): 3:24pm On Jan 12, 2017|
Great Job Op
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 8:12pm On Jan 12, 2017|
Oga Homoviator, will add you
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 8:13pm On Jan 12, 2017|
|Re: Agric/grains Commodity Purchase/storage by gifted21(f): 8:25am On Jan 13, 2017|
When the maize is not dry enough it turns black, got to know from my customers, mucor like wen u keep dirty dishes form on it.
Even though u wash it the final output is blackish. It was also strange to me cos on the outside the bag of maize didn't change colour until we opened it.
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 6:55am On Jan 14, 2017|
Purchased my first batch of yams this week. Prices obviously higher than last years but still sellable at a fair margin. Bought 1000 tubers already and will be picking some more on sunday at another local market.
Logistics has been a challenge but i will continue buying to beat the price surge which may occur soon from influx of warri buyers.
Interested parties can contact Maya (+234 818 564 8505) on whatsapp only please or myself for orders (strictly lagos) for direct supply. I will also be in Lagos briefly sometime next week.
Like i initially indicated, ejigbo will be our main distribution hub while we already have interest from contacts in setting up a magodo & agege cluster.
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 7:03am On Jan 14, 2017|
Minimum order for alternative location is 2000-4000 pieces so one can pick a 7-10 tonnes vehicle which will move the yams directly to your location. Anything lower than the minimum order may lead to higher logistics cost for individual purchases.
Individuals from similar location may also form a group to make up the minimum quantity needed. Purchases can however be made to beat the surge though goods can't be moved until the minimum quantity is reached.
You may need to indicate whether you are storing or buying to sell immediately as that influences variety to be purchased.
Please note that larger yams will occupy more space hence the wide margin of 2000-4000 tubers.
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 7:50am On Jan 14, 2017|
Yam prices between 18- 25k for each 100 pieces. Laada @ N500 for each 100 pieces.
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 7:58am On Jan 14, 2017|
Pix is Jamilu sack size
Pepper currently 30k for that size and 22k for bagco
|Re: Agric/grains Commodity Purchase/storage by soterslove: 10:13am On Jan 14, 2017|
Pix is Jamilu sack size Pepper currently 30k for that size and 22k for bagco
I'll head to the market to confirm the
size and revert accordingly.
You've been meticulous so far in
handling this thread. Kudos!
|Re: Agric/grains Commodity Purchase/storage by osenge: 11:58am On Jan 14, 2017|
pls add me 08111211168.
|Re: Agric/grains Commodity Purchase/storage by henrimoto(m): 7:09pm On Jan 14, 2017|
@mr. ola. What variety of yam is that... is it 'paper' yam, or "Ada onisha" yam (Danisha)?
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