What is the update on this
The apple is good. That I will not spoil. It is a very good. Patent is about getting recognition for one's work. Not that one idi.ot steals the idea later. Every specie and cultivar of apple is registered and the inventor is known. Any plant grafted is not GMOs as long as the main tree is not made from GMO. Also, anything made from tissue culture isn't GMO. The outputs are always natural. There is no modification. We just produce molatto everytime through the method. Instead of using skin whitening products, Bobrisky mama should have found a caucasian sperm donor. That way Bobrisky wouldn't have bleached his skin. Same goes to most ladies. They should just go buy sperms of caucasians if they feel that their daughters will take after them. Shikena. Lol.

bayplus:
Your claim is partly true. The 3.58usd dollar you used is faulty.

There are so many layers involved in the business.

Before 2020, ginger was selling for as high as 50k per bag of 40kg. Many ginger farmers made good money

After Covid, the international price of most agricultural commodities crashed.

And since then it has been going up and down. Samething for sesame seeds, Hibiscus flower etc.

The prices usually react to law of demand and supply. From your presentation, it started as higher as N34,000 because many (including politicians) created artificial demands. Just to hoard their ill gotten money against the change of old currency.

When the politicians were done buying. The real buyer cannot afford the 34000 threshold anymore, when there are no buyers, the prices will naturally come down regardless of emotions.

Hibiscus flower and Sesame seeds too have gone down by 40%.

The international market this year is very cold to agro commodities all over the world. Not peculiar to nigeria.

Back to your analysis of the so called huge profit.

Most often, the quality we buy from you is not the quality required outside the country.

Sometimes you will need to buy 30tons from Kaduna and after proper cleaning, the real ginger will be 22tons.

8tons will comprises of mouldy, insect infested, or tiny parts. Sometimes pure wastes like stones, sticks, chicken or goat faeces and many other foreign matters delibaretely included to increase the weight will all account for the 8tons.

Now, we all know how much is diesel per litre. Usually you will move the goods to your warehouse mostly outside kaduna because of insecurity (depending on where your warehouse is located) the least i know is about N450,000 to N550,000 if it is kano or neighbouring states.

A truckload of ginger from any northern part be it Kaduna or Kano to the seaport starts from N1,000,000 and above.

Getting your goods to through the seaport is a different story. 4months after the farmers have collected their money, the exporters are still figuring out how to ship the ginger out. You pay many unofficial bribes running into millions.
Then you will pay the custom agents and port charges and most important thousands of dollars as freight to the shipping line.

The farmers sell to local dealers, who also sell to major dealers who now sells to the exporters, the exporters do the re-cleaning for the ginger to meet export standard befor he can sell to foreign buyers, unlike before the foreign buyers no longer trust nigerians, they insist they will pay only when the cargo arrive their country and the quality is satisfactory. Now 7months after buying, the exporter has not gotten back his investment much less profit. If per chance, there is any problem with the quality, he may lose everything because the buyer may decline payment and ask that the cargo be returned to the origin.

Now the foreign buyer sells to local but wholesale buyers in foreign country who then sell to the retail buyer or supermarket who sells at $3.58usd.

If you checked the different stages of the of differnt buyers adding their margins and several costs involved. You will realise the margin is not as huge as the writer wants us to believe. I can understand he is ignorance of the true sitiation.

Sometimes exporters lose serious money. Many i know have burnt their fingers in the business because of several challenges associated with doing business in nigeria including attacks by bandits.

Every business have their lows and highs. Those who cannot bear the heat are advised to leave the kitchen. No buyers who have genuine orders will deliberately refused to buy.

If the writer remove the emotion, he/she will realise it is purely business issue.

Right now, some of us bought the Ginger at 34000 and the price has crashed to 19000 now meanwhile somw foreign buyers too have direct contact with the farmers. Some indians and chinese are all over the markets buying at 19000/40kg. Those cargoes we bought earlier at 34000 are still in our warehouse, we have over 100tons of that, we have lost money already because we will compete with those who have bought at 15000 and are still buying now at 19000. How then can we make profit? Such is the risky nature of agro commodities.

I did this to enlighten others who may be in the writers shoes.

I come in piece

omoluabi87:
@ Johnyessence.
No problem sir, feel free to call my number. Yes, clearing will not be an issue.

@ ajokbem; sorry, I'm not.

@condi1704; I'm sorry, I don't really understand the question. The land is bordered on one side by the main road while there is a river at the other end. But the distance between the two is definitely more than 100m.

Nelson636:
For bags of egusi and beans contact me 08056017924
At affordable price that will not make you stranded after purchase

koolsammie:
Mr Gbenga, i had to wait till this moment before I came out. Now it's obvious you aren't willing to pay my money, after investing in over 200,000 naira in your business since 2014,and all you were able to realize as profit the first time was 24,000naira which I refused to collect in 201t and you agreed to replant the cassava again. I waited for almost two years, and all you were able to send again on 3rd of Oct 2017 was 20000 naira. You only pick 1 out of 30 of my calls these days.
I never believed you were like this. Sometime last year someone had an issue with you here on nairaland but I defended you because trusted you more than I should have. I don't understand why humans are like this. But sir, I give you a week to pay my money, as I won't disturb you anymore.

Delgi:

Hmmmm, is Googleski001= Itydee? or a new hater? Silently following and laughing my ass off. Ogbeni Googleski001, learn what you can from the guy and leave the judgement to your pastor/Daddy G.O. jare.
Fact, most intellectuals come off as brash and proud or even outright arrogant. If you check your ego at the door and really get to know them, you'll realize they are just teddy bears deep down.
Fluentinfor, abeg screenshots of the secret email will really make my day. Hahaha.
Spread love and not hate y'all. PEACE.