Thank you for your kind words.

I apologise for the breakdown in communication in a while, my schedule has been tight. However, my line is now activate and I should be back fully before the quarter ends.

@adex200ng, I believe we've spoken.

For maize enthusiast :-Maize prices in Kwara north and Saki/ Iseyin axis may be the place to be as northern prices begin to spike.

RealityShot:
how much is maize now?
thanks

N95000 -N100000 per tonne in the northern zone

dnapstar:
I was able to put this together based on the information shared on this thread. I need clarification on two things
1) Is the entry period different from the planting season?
2) Are the entry periods correct??

Entry period is actually after harvest and differs slightly per zone.

Using the mapping on the first page of the thread should give you some accuracy.

With increased activity in farming, we may have additional entry period due to irrigation. I hope to update that accordingly once I can make out time and there is some consistency

Great job. Love the spreadsheet

Maize prices continue to dip in most location. At N60000 per tonne averagely, its likely to fall further given most harvest will be due soon.

Soya price is also dropping gradually with the trickling harvest. Should arrive at N110/kg by November.

Commodity prices have largely remained stable in the last couple of weeks and in some cases, dipped. Where prices have gone up, demand is also low and competition high.

Extreme planning is essential to arrive at profitability.

xprimate:
Good morning Nigeria and a happy sunday to you all. @OP Thank will be an understatement for the wealth of information you have constantly dished out in this thread. Thank you plenty plenty.
I am a first timer. I want try out maize.maize entry is sep/nov like you said. Is it advise able to buy now and at what price and when should I sell.I Reside in the remote part of plateau state where maize is farmed.
Thanks.

Maize is at an all time low in 3 years using available market indices.

You can go ahead and buy but note that price may dip further and climb slowly.

katamo:
Great thread. Thank you all.

Does anyone know how much it will cost to hire a 20 ton truck from lafia (or any where in that axis) to lagos?

N140000-N200,000

Egusi prices currently hovering at 26k-28k a bag in Nasarawa. Bag size is 32. Except prices dip, I will suggest other purchase alternatives.

Groundnut and maize harvest are also out and purchase can be initiated.

Always remember to buy properly dried maize and only quantities you have capacity to sell.

The market this year will be epileptic so utmost care should be taken.

emilex1000:

Thank you so much sir, u've really been a blessing, because i have prepared for this for some time and was discouraged by some fellow who tried it before and claim they had great loss due to some getting spoilt nd price fluctuations.
Pls hope this rule applies to peeled egusi, and how much is a bag of peeled egusi and keeping it for two months will benefit me without fear and how do i get it, as i am in abuja.
Plus how many bags do u think i shuld start with, as i am still a beginner. Thanks

Like all business, there is a risk element which you can hedge via insurance.

Peeled egusi prices always go north if bought around this time. The best I can do is speculate based on market indicators.

Like I always say, make sure you've identified a market for sales prior to purchase.

Since its peeled egusi and you are a first timer, will suggest you don't buy more than 10 bags.

Currently putting structures on ground to make purchase and investment in storage a lot easier. You can send a mail and we can take it up from there.

maisauki:
You're most welcome....i can't c your email in your profile, sir

info@farmsynergy.com

senny0001:


Thank you very much.
For the purpose of confirmation,the price you quoted is it for a bag of unpeeled or peeled because I only need the price for the unpeeled.

Price is for unpeeled

hoyze24:
Can u name varieties that are more preferred in the south especially Lagos, ph and warri.

Port Harcourt and Warri markets like Makakusa or paper. Paper is their first choice

Lagos market is more flexible. Some areas are price driven hence, "Amee", "Aluchi" that are cheap varieties move easily.

"Benue 1 & 2" and "paper" are excellent choices for all markets and are white yam.

Always buy very big yams if storing for sale.

For shelf life, Paper, Makakusa, Benue 1 & 2 are very good.

There is a variety from Taraba as well that can be beaten by rain and it wouldn't go bad. Will add up once I have the name

maisauki:
I salute your experience...i wish to learn more from you will you be so kind to do so? my email is maisauki2016@gmail.com 08030744985/09063808979

Thank you sir.

You can reach me via my email which is available on this thread. All inquiries are welcome

TUBLEZ:
Welldon brother, plz I plan to buy melon a d store and resell later but i don't really know wen n wen to store and sell.. And also which other commodities can u recommend for buying and storing?

Please read through the thread. I have indicated the harvest period and sale period.

Margins may however differ based on forces of demand and supply.

senny0001:
Well done for good job.
Pls,where can I get unpeeled egusi to buy in large quantity?How much does a bag cost?
I live in Ibadan.Thanks

Thank you for the kind words. Egusi is available in Nasarawa, Benue, Niger in large quantity

Bag cost is 25k-27k for size 32 bag.

Prices will drop this week and next week because of sallah but should pick up subsequently

Given your location, you can decide on your options and send me a mail

emilex1000:

Thanks alot, but pls talking about properly aerated, u mean it shuld be dried outside some times?? Cos am always busy and choked, so pls sir what do u suggest nd pls kindly elaborate.

No. If u need to dry it, then u r bound to make a loss .

All you need do is store in bags on a wooden base and allow proper ventilation in the store. Take precaution so it doesn't get wet or soaked. In addition you may fumigate prior to storage

Engrmartins123:
Dav8id your phone number pls

Please note that Dav8id has been called out for fraud. Refer to earlier post please

emilex1000:
Hello everyone, pls i need help, as i am in abuja, i want to store egusi, but the question is, am i to store peeled or unpeeled, which is best to store, how favourable it is, and best means of preservation. Pls help people...

Store unpeeled if storing outside abuja or buy peeled, move to abuja, store and sell off within 3 months. No need for preservation if properly aerated

Jookab27:


Thanks sir.
I really want to invest in it. Please how and where can I buy directly from farmers?I have a place to store it in the south west, but dont know how to preserve it. And is it possible to also buy and sell immediately?
I really need your help sir.

The big question is "do you have a market for it?"

You should also note that movement means your logistics cost goes up and if your market is different from where you store, you incur another set of cost for handling to the final destination

How do you hope to compete with those that will move directly from farm store to the market if price differential is less than 20%?

Egusi unpeeled needs not preservation however you will struggle to sell unprocessed egusi down south.

Groundnut can be stored using pesticides at required volume and applying to withdrawal period.

If the environment is well fumigated, groundnut can stay untreated for up to 6 months

Jookab27:
Nice work Mr. Olayimikami
Pls sir which commodity is being harvested now?

Egusi and groundnut

Rugga:


Mr Olayimikami pls what's the current cost of dried pepper, and the current price, when does the season start.

Thanks

Entry period is Oct-Dec. Price currently at 30-34k depending on the variety. Just like ginger, this produce had selective demand and price variation wasn't constant

EMMAACHILE:

Palm oil is available in large volume in Kogi.
Is the nassarawa new yam like makakusa out now?

Except you are buying off the heaps, you may not get substantial quantity. From late september, harvest will kick in fully

senny0001:
Well done.
Pls,I resides in Ibadan,I want to know which commodity market can i get this following commodities.
White yam
Egunsi
Fresh pepper
Grains(maize e.t.c)
Palm oil.
Thanks for your response.

White yam should be Takum in Taraba, zaki biam or ugba in benue or lokogoma and kokona in nasarawa.

Egusi is definitely nasarawa toto, akwanga, doma, or ashangba in nasarawa, you will also get egusi in edo and benue

Fresh pepper- I don't do perishables but northwest/central and south west should be your best bet

Maize- kaduna, plateau, katsina and niger state. I had earlier listed some markets in those states.

Palm oil- There is a thread on palm oil here, think Peeo is doing a great job with that. Akwa ibom, ebonyi, imo are likely locations.

salsera:
Hello Olayimikami

I'm interested in chilli pepper.
Do you know what prices it's sold for now from farms, 25kg or 50kg bags

Chilli pepper is not yet harvested in most areas, current prices however between 24k-35k depending on variety.

senny0001:
Kudos to you for a great job.
Pls,can you state carefully commodity markets where these commodities can be bought.
Kindly, state the market and state of location.
Thanks

I cannot possibly put up a comprehensive list of markets. If I know specify a commodity or a location, I may be able to suggest

You have

Dandume market in katsina
Dawaki market in Bauchi
Bokkos market in plateau
Nasarawa market in nasarawa
Andadha market in kaduna

There are a lot of determining factors in arriving at a market of choice

Chrismario:


Thanks bro for this thread.
PLS I need ur help,,, like how much is the least minimum to start this agri business of a tin. Long vacation just kicked and I really need to place my a$$ on a meaningful stuff atleast til January. I'm in Anambra also, don't know if it's profitable here

Thanks once again

You can start with a bag or two. 50k, 100k whatever amount you have.

Provided the commodity is available in your community and you are storing within proximity of the purchase location, profit can be made.

You may need to identify the market dynamics of your locality as markets operate independent of each other

All inquiries to info@farmsynergy.com

I already have a whole lot of numbers with egusi so please use the email rather than call.

You can text but still send a mail so I can follow the mail trail if need be.

Thank you

Egusi hasn't performed exceptional in the last 4 years so timing and pricing is essential to assure one of profit

Exit price for me is 28k max. That's pessimistic but means I am taking less risk

I know i said last night.

Modu prices hovering between N120-N140 in Nasarawa, Gadabuke and Lokogoma axis

In the same areas, size 32 sack of unpeeled melon (machine peelable) is going for 20-22k in the interior markets and 23-25k in other markets.

Expenses may include cost of sack @ 200-300; cost of bagging @500-1000; sewing @150-200; loading/offloading @100 each; laada @300-500 and storage @500-1000.

Egusi season is upon us.

Buying starts now.

Will update prices from three markets later tonight

missbronze:
Good afternoon sir,

Thanks for what you are doing here.

If you dont mind, can i chat you on wasapp?

Yes you can

RealityShot:

excellent Sir!
please that means buying is from June to August
and
selling is from November to January, right?

thank you

You'll need to be more specific. Note that your initial quote was in respect to processed melon but I answered independent of that.

Are you interested in the storage biz or in the purchase of processed melon (egusi)?