₦airaland Forum

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Only if you can expanciate want you want to know about rice importation.

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Lovely thread any one into this business should please respond

There are different kinds of rice one can venture into importing, but adequate analysis should be taken care of in its profitability in the domestic market.

One can opt for commercial options; Thai rice, Indian rice, Pakistani rice, or Vietnam rice. Each vary in price and specification. Parboiled is mostly sort for locally and Thai rice is mostly prefered followed by the rest.

The rice is mostly shipped in 20ft containers, containing 500bags of 50kg rice. Approx 25tons.

Cost and Freight of rice to Apapa port can vary from $490 - $690 per ton. (Per ton means 20 of 50kg bags)

Other expenses you will incurr are:

Customs Duties: 30 - 40% of value of rice

Domestic Import Service Charge from Shipping Coy: Average of N58,000 for 20ft

Terminal Charges from Container Bay Operators: Average N56,000 (will be higher if container is transfered to a Bonded or private terminal)

Transport logistics to warehouse: Determined by location of warehouse, average of N35,000 - N60,000 within Lagos.

Customs Clearing Agent fees: it varies and is negotiable

Some prefer to import, while some prefer to buy already imported ones for distribution. Either way its still not enough to fill the gap in the increasing demand nationwide. And due to the ravaging floods in farms belonging to coastal states last year, rice is much more needed and imports cannot be banned now.

My best regards.

The best way to import rice into this country is through smuggling. I hav my reasons for sayin dis. I can't imagine paying all the above listed cost to Nigerian Port Authority alone. If u can find ur way wit a custom official...

pls i need more advise expecially from those that are into the business.