dellaziz:


OK thanks!!

The factory is based in abk?

Yep

emmaodet:
Hello nairalanders,

The new planting season is here and am about trying my hands on 2 acre of groundnuts.
Fingers crossed. I'll be uploading the progress regularly to teach and be taught so lets be positive on this thread.

I am into groundnut oil production and my major challenge has been the high cost of raw materials (groundnut) which has rendered the business handicapped.
I do buy groundnuts from bida, mokwa, kano, gombe and adamawa but the cost and logistics has made me to think inward and homeward.
Cost of leasing 1 acre is #6,000
Tractor for ploughing 1 acre is #5,000 excluding fueling.
Seed - i bought improvised seed, samnut 21 and 22 (12 kg per acre each) = #9,600 for all
Other things to do -
Tractor ridging - #5,000 per acre minus fueling.
Herbicides
Planting cost
Insecticide to be sprayed immediately after flowering.
Cost of spraying insecticide.
Cost of harvesting.
Thanks and will keep you updated

Good morning boss

How do you see buying groundnut cake from groundnut oil processing factories and supplying to feedmill

Is there a sizable profit margin in it

Theophinio:


Good morning boss

How do you see buying groundnut cake from groundnut oil processing factories and supplying to feedmill

Is there a sizable profit margin in it

It is not that profitable bro.
Most feed millers will want to buy at a ridiculous price and still owe you for like 2 weeks or more before paying.

I tried doing GNC supply but didn't make any reasonable profit compared to the risk involved.
Some are doing it sha to survive but most guys that make profit from it in gombe do buy and stock in large quantities like 1 trailer or more in store when groundnut is cheap and GNC is cheap around august/September and sell in february/March

emmaodet:


It is not that profitable bro.
Most feed millers will want to buy at a ridiculous price and still owe you for like 2 weeks or more before paying.

I tried doing GNC supply but didn't make any reasonable profit compared to the risk involved.
Some are doing it sha to survive but most guys that make profit from it in gombe do buy and stock in large quantities like 1 trailer or more in store when groundnut is cheap and GNC is cheap around august/September and sell in february/March

Thanks so much boss for this detailed information

Please are you still in the business of processing groundnut seeds to Oil