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How To Start Rice Business In Nigeria - Business - Nairaland

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How To Start Rice Business In Nigeria by emmykk(m): 12:23pm On Jul 20, 2015
Why start rice wholesale business or dealership?

1.Nigeria is Africa biggest economy.The population of Nigeria is 170million people and by the year 2020 it will be about 200million people.these ever growing population need food and rice is a major stable food in Nigeria loved by children and adult.statistics shows that about 22million bags of rice is consumed every month.so there is a big market for rice in Nigeria.

2.Rice is not a perishable food like vegetable,it takes 4 years for rice to gets spoiled,within this period there is no way you cannot sell your stock of rice.

3.Of the total rice consumed in Nigeria,15 percent is grow here while the other 85% is imported from thailand,india and brazil.so rice at the moment is not something that is cheap and quick to be produce by everyone like water ,so the urban cities and villlages can still buy from you.

4.Aliko Dangote has already invested $1billion into integrated rice farming,so if you are still thinking what kind of business is this,the world richest black man and 24th in the world is already thinking how he can start selling rice.
How to market rice?

As a warehouse supervisor with stallion group for the pass 4years in portharcourt i can confidently teach you what the big rice wholesalers are doing to sell quick!

1.Look for a good shop close to or opposite to a normal conventional market.you can as well locate towns or if you are in such towns already good,towns without rice importing companies.ie if you are in rivers state,there are many rice importing companies warehouse in portharcourt,but in major LGA headquaters and Bayeslsa state(previous part of rivers state) there is nor,so most buyers go to PH and buy and go to BY and sell.traders there can sell at a higher price than if in PH,if you are in a town without a rice importing company warehouse you are in money.because you serve as a key distributor.

3.buy different brands to make your shop colourful,most company like ours have various brands,we have royal stallion,caprice,tomatoes king,African princess etc both 50kg and 25kg bags,we are like a one stop point to get many brands,but you can still buy from more than one companies,to cater for any brand asked for by buyers.

Note:ALL thailand rice are long grains and are the same so mama gold,royal stallion,pjs are from different companies but the same rice inside the bags ,is just branding that differenciate them,but thailand rice is sharply different from india rice.india rice is a bit shorter while thailand rice is long grain .

Where to buy your rice stock?

Although you can make detail findings about rice companies in you states.for it is cost effective to buy in your state,i can assist you if you live in portharcourt to get stallion rice.you can come to our office at trans-amadi to see for yourself too.

Current Prices.
because prices are not stable you can come to our office at trans-amadi for the current price list

As a wholesaler you just add a little profit to each bag after calculating your cost,a profit margin that wil discourage retailers not to go to importers warehouse.or expensive for them if they try.. O8067704237




i can provide transportation for your purchased bags of rice as well as for frozen fish at best competitive price within portharcourt.
Re: How To Start Rice Business In Nigeria by LOUIS6(m): 12:38pm On Jul 20, 2015
emmykk:
Why start rice wholesale business or dealership?

1.Nigeria is Africa biggest economy.The population of Nigeria is 170million people and by the year 2020 it will be about 200million people.these ever growing population need food and rice is a major stable food in Nigeria loved by children and adult.statistics shows that about 22million bags of rice is consumed every month.so there is a big market for rice in Nigeria.

2.Rice is not a perishable food like vegetable,it takes 4 years for rice to gets spoiled,within this period there is no way you cannot sell your stock of rice.

3.Of the total rice consumed in Nigeria,15 percent is grow here while the other 85% is imported from thailand,india and brazil.so rice at the moment is not something that is cheap and quick to be produce by everyone like water ,so the urban cities and villlages can still buy from you.

4.Aliko Dangote has already invested $1billion into integrated rice farming,so if you are still thinking what kind of business is this,the world richest black man and 24th in the world is already thinking how he can start selling rice.
How to market rice?

As a warehouse supervisor with stallion group for the pass 4years in portharcourt i can confidently teach you what the big rice wholesalers are doing to sell quick!

1.Look for a good shop close to or opposite to a normal conventional market.you can as well locate towns or if you are in such towns already good,towns without rice importing companies.ie if you are in rivers state,there are many rice importing companies warehouse in portharcourt,but in major LGA headquaters and Bayeslsa state(previous part of rivers state) there is nor,so most buyers go to PH and buy and go to BY and sell.traders there can sell at a higher price than if in PH,if you are in a town without a rice importing company warehouse you are in money.because you serve as a key distributor.

3.buy different brands to make your shop colourful,most company like ours have various brands,we have royal stallion,caprice,tomatoes king,African princess etc both 50kg and 25kg bags,we are like a one stop point to get many brands,but you can still buy from more than one companies,to cater for any brand asked for by buyers.

Note:ALL thailand rice are long grains and are the same so mama gold,royal stallion,pjs are from different companies but the same rice inside the bags ,is just branding that differenciate them,but thailand rice is sharply different from india rice.india rice is a bit shorter while thailand rice is long grain .

Where to buy your rice stock?

Although you can make detail findings about rice companies in you states.for it is cost effective to buy in your state,i can assist you if you live in portharcourt to get stallion rice.you can come to our office at trans-amadi to see for yourself too.

Current Prices.
because prices are not stable you can come to our office at trans-amadi for the current price list

As a wholesaler you just add a little profit to each bag after calculating your cost,a profit margin that wil discourage retailers not to go to importers warehouse.or expensive for them if they try.. O8067704237




i can provide transportation for your purchased bags of rice as well as for frozen fish at best competitive price within portharcourt.






How much capital does one needs to kick-start this business??
Re: How To Start Rice Business In Nigeria by emmykk(m): 2:48pm On Jul 20, 2015
LOUIS6:







How much capital does one needs to kick-start this business??

depending onyour location. Like @ph
1.shop---N200k yearly.
2.pallet,painting,protector for security.
3.a bag is N9500.this is is as a result of the dollar vs naira high rate..

By this price 100 bags is 950k...these 100 bags can be a combination of different brands some are lesser with just N100 or N50,but d same grain inside.

You can as well just buy 50bags then make your shop colourful by adding jerry cans of vegetable oil and cantons of tomatoes
.
Re: How To Start Rice Business In Nigeria by LOUIS6(m): 4:05pm On Jul 20, 2015
emmykk:


depending onyour location. Like @ph
1.shop---N200k yearly.
2.pallet,painting,protector for security.
3.a bag is N9500.this is is as a result of the dollar vs naira high rate..

By this price 100 bags is 950k...these 100 bags can be a combination of different brands some are lesser with just N100 or N50,but d same grain inside.

You can as well just buy 50bags then make your shop colourful by adding jerry cans of vegetable oil and cantons of tomatoes
.


How much will now be my own gain per bag?
Re: How To Start Rice Business In Nigeria by Udiboy(f): 4:12pm On Jul 20, 2015
How do supply frozen fish.
Do you sell other frozen products?
Re: How To Start Rice Business In Nigeria by emmykk(m): 6:15pm On Jul 20, 2015
LOUIS6:



How much will now be my own gain per bag?

N300 to N500 depending on location.what you should try to do is increase sales turn over.
Re: How To Start Rice Business In Nigeria by emmykk(m): 6:17pm On Jul 20, 2015
Udiboy:
How do supply frozen fish. Do you sell other frozen products?
no,but can provide transport logisitic
Re: How To Start Rice Business In Nigeria by emmykk(m): 12:15pm On Oct 22, 2015
Rice will be expensive this Xmas.for companies that need to buy this is the right time now.
Re: How To Start Rice Business In Nigeria by Naijabash(m): 9:24pm On Jun 25, 2017
Truly Nigeria is blessed with good land for farming and I believe with many will take advantage of the numerous business opportunity to empower themselves financially instead of complaining of what the government did or didn't do to help them.
If you are one those looking for opportunity to set up your own business and make money please read this >>>>
How to Start Packaging of Raw Food Items For Sale >> Click this link>> http://naijabizcom.com/2010/12/07/how-to-start-packaging-of-raw-food-items-for-sale/

Re: How To Start Rice Business In Nigeria by Naijabash(m): 10:46am On Apr 09, 2018
How To Start Rice Business In Nigeria, what a profitable business
Re: How To Start Rice Business In Nigeria by pproducts: 3:42pm On Apr 30
Indeed rice business is highly profitable in Nigeria. However, to avoid unnecessary risks, deal in Nigerian-grown rice.

To order your ORIGINAL, CLEAN AND HEALTHY "ANAMBRA RICE" one rice that beats foreign rice, kindly call 07036479773.

We Deliver to all states in Nigeria

Minimum order is 20 bags.

Available in 10kg, 25kg and 50kg

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