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International Farmers To Discuss Global Agric Concerns At Illinois Event / Tour Of Agro Commodity Markets In The North / Grain Purchase (pics) / Exclusive: NEPC Commodity Prices Board: July 14th, 2017 (2) (3) (4)
|Agric/grains Commodity Purchase/storage by Olayimikami: 6:51pm On Oct 02, 2016|
As earlier indicated in the Egusi thread, i will be providing alternatives to melon purchase here.
Please bear with me as my schedule may be tight sometimes but i will try to handle all questions as quickly as possible
Commodities to be introduced are
3. Guinea Corn
8. Locust beans
I have deliberately omitted some and will come back to them later.
Over the next couple of days/week, i will try to discuss the options and possibility of sharing in the wealth available within the agriculture value chain
|Re: Agric/grains Commodity Purchase/storage by afanide: 7:13pm On Oct 02, 2016|
We're waiting cos it's VERY IMPORTANT
|Re: Agric/grains Commodity Purchase/storage by Dadanoah(m): 8:58pm On Oct 02, 2016|
we are eager to here from U thank
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 5:34pm On Oct 03, 2016|
Like all markets, commodity prices will rise and fall based on demand and supply. However in addition, commodity prices are influenced by international prices if any,technological improvement and direct governmental influences/policy drive.
Let's also not forget environmental factors which are most times beyond our control
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 5:52pm On Oct 03, 2016|
Factors that are common with all agriculture commodities.
1. They are cyclical in nature:- meaning supply will always be high at peak period during harvest, low at intervals and end up back at the surplus stage
2. They all have agreed existing entry price range at the point of sale which is mostly the market. There is need to specify here that there is a difference between farmgate price and market price.
3. Prices are always lower at harvest and higher at intervals between then and the next harvest.
Slight exceptions exist for crops that are farmed throughout the year via irrigation
4. All farm produce\commodity have a life span determined by their variety and are all perishable
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 6:01pm On Oct 03, 2016|
There is a need to specify here that commodity storage is universal and is practiced outside the shores of Nigeria.
All countries store/warehouse in order to help regulate prices in periods of scarcity. The only difference here is that we have little or no interference by government in price regulation as regards farm produce in Nigeria.
This is obviously noticeable in the price fludity we experience year round
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 6:11pm On Oct 03, 2016|
The Agriculture value chain includes
1. Seed company
3. Marketers/Middle men
Operating in any of this value chain assures you of profit. However the margins differ based on the level you operate in
I have carefully left the logistics level which interconnects all the sectors
|Re: Agric/grains Commodity Purchase/storage by yotade(m): 5:07am On Oct 04, 2016|
|Re: Agric/grains Commodity Purchase/storage by yotade(m): 6:23am On Oct 04, 2016|
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 9:51am On Oct 06, 2016|
Of all the levels in the value chain above, level 3-5 make the highest return on investment (ROI). In most cases,they also hold the commodity for the shortest time frame and often experience immediate profit or loss as the case may be.
Of those three levels, the marketers/middlemen are king, often times dictating the price especially if they have stakes in the other levels as well
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 10:02am On Oct 06, 2016|
Having experienced being an investor in Level 1 and currently functioning in Level 2.
I have never felt more convinced that level 3 holds the survival to any agro-allied business.
Even in the everyday business, the marketer is king.
Only sales bring about profit.
No matter how much a farmer invest in his farm, he is often curtailed by the antics of the marketer who aims to take the largest chunk of the eventually sale amount.
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 10:13am On Oct 06, 2016|
Excerpts from the financials records of brewing giants, Guinness Nigeria show a loss in revenue due to drop in sales. PZ also just posted loss due to similar circumstances necessitated by shortfall of forex.
What am i trying to point out?
1. We are officially in a recession
2. It may get worse before it gets better hence we may experience a great depression.
3. Regardless of your financial capacity/prowness, pumping funds into particular sectors will not guarantee you wealth during this season
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 10:21am On Oct 06, 2016|
The two strongest sectors during a recession are the:
1. Food sector: we all most eat, whether we like it or not. It is a necessity.
2. Transport/Logistics: we are likely to dump our heavy V6 and V8 engines for cheaper means of transportation. Either way though, the food srctor is heavily reliant on logistics so it is bound to sustain the recession
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 10:29am On Oct 06, 2016|
Farming in itself ought to sustain the farmer and assure him of good profit. However that has not always been the case as most farmers tend to make little or no profits for toiling day and night.
Most take loans to plants,thus the output already has a fixed price lower than prevailing market price.
Others just sell at farm gate price just to meet pressing family issues due to abject poverty.
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 7:24am On Oct 08, 2016|
Yes. We have made giants stride this years as regards agriculture though it has started impacting positively on our GDP.
What we have been able to create are more internet farmers who use logic rather than practices in arriving at results.
I will cut the long talk and get down to the point where most are eager to hear.
How do we make money off the value chain?
How do we get invest without necessarily getting our fingers burnt (not that you really want to get any other part burnt).
Just like the stock market, the agro commodity market is there for you to play in. The only difference is that this market runs a cycle and timing and experience is crucial
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 7:35am On Oct 08, 2016|
In the last 3 years, all commodities listed earlier have consistently appreciated by 50-100% from their initial farm gate price.
That is verifiable and i can give you prices for all. It's a norm. Prices will always rise to fall then rise again.
Whether Egusi, Soya, Maize, Sorghum, Sesame etc. They all change prices.
Egusi within July-Aug has already moved from 18k- 32k as at yesterday. Of course this does not guarantee you continuous increase.
The choice is ultimately yours to know when to enter and when to exit which is also largely dependent on the quantity purchased
Some commodities move faster in tonnes, others will move in bags easily.
The secret is being able to match your sale capacity always
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 7:52am On Oct 08, 2016|
As we enter into the final phase of the planting season and await the next set of harvest. Another set of opportunity will be created for would be investors in the Agric value chain.
It is not for the faint hearted but i can assure you, it's a risk worth taking.
I have decided to divide the commodities into three tiers so its more organised and people can align with where they fit best.
I will also try to talk a little about each commodity so we understand its uses too
Provision will also be made for exclusive investors who can choose to sign up for guaranteed profit which is above existing rate of inflation. This group of people are entitled to a MOU and agreement by our lawyers
All investors are required to do their due diligence b4 investing especially for those planning to sell on their own.
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 1:10pm On Oct 09, 2016|
I have tried to place commodities into 3 tiers
Tier 1(Mainly Export)
Cashew and some others fall into this category but i have only done at expetimental level so i will update when i have full details
Tier 2(Feedmill sector/Livestock)
3. Guinea Corn
5. Corn bran
Tier 3 (Retail/Consumer Commodity)
5. Pepper (Dry)
1. Locust Beans
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 1:23pm On Oct 09, 2016|
I am just going to take it as it comes so will indicate the best time of purchase (Entry period) for the commodities list
1. Sesame. Nov- Jan
2. Ginger. Oct- Dec
3. Sorghum. Nov- Dec
4. Soya. Nov- Dec
5. Guinea Corn. Dec- Jan
6. Maize. Sept - Nov
7. Corn bran. Aug- Dec
8. Yam. Oct- Feb
9. Beans. Nov- Dec
10. Rice. Oct- Dec
11. Pepper (Dry) Oct- Dec
12. Egusi(melon) Aug- Sept
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|Re: Agric/grains Commodity Purchase/storage by paxnka: 7:45pm On Oct 09, 2016|
Ride on sir, you are doing a great job. May the good lord bless you.
|Re: Agric/grains Commodity Purchase/storage by Tyche(m): 8:01pm On Oct 09, 2016|
Seatbelt fastened. More power to your phone Op
|Re: Agric/grains Commodity Purchase/storage by ogene70: 8:23pm On Oct 09, 2016|
nice job, I can relate to this , please can you share your contact?
|Re: Agric/grains Commodity Purchase/storage by Tyche(m): 9:04am On Oct 11, 2016|
Where's the Op?
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 10:52am On Oct 11, 2016|
Will briefly talk about two commodities
Yam comes in different varieties. Understanding the types and their shelf life is essential in making profit in the business. Most yams should however have a shelf life of 2-6 months depending largely on when it was harvested
Yam can be sourced from Benue, Nasarawa, Taraba , Oyo/Kwara at much cheaper prices than other locations when in season
Common factors to consider before purchase
1. Always identify the variety consumed in your locality before purchase
2. Start small if new to the venture
3. Preserving over a period of 4-6 months takes conscious effort. Dont dump and think you will make profit after 6 months
4. Credit facility is a no-no. Do not accpmodate it at all
5. Identify your market
6. Understand the value chain and always have the capacity to sell what you are buying
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 11:09am On Oct 11, 2016|
Opportunities will be availability for lagos clients that want to do pick up in lagos before payment (Terms and conditions apply). I will try to upload pix from which selections can be made and pick up will be done in lagos.
Only ejigbo-isolo has been signed up now but will update once more areas are available
Minimum order is 100. Max is 2000 for now. Deliveries will be done once the minimum truck capacity is achieved. Please note that prices will reflect cost of logistics but will be relatively cheaper than average prices within the locality.
Yams will be made available starting december except there are special demands
For those interested in options outside lagos, vehicles to Benin and Port Harcourt are also available.
For those who want to make invest/experiment in distibution hubs and have a flair for the biz, you can pchat
Varieties available here are
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 11:12am On Oct 11, 2016|
You can pchat or reach me via 07054515851. Send your whatsapp number/ handle and i will add you up
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 11:14am On Oct 11, 2016|
Right here where you left me
|Re: Agric/grains Commodity Purchase/storage by Tyche(m): 11:39am On Oct 11, 2016|
Bro, we been waiting on you like the second coming. We are ready for the lecture man
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 12:04pm On Oct 11, 2016|
Cowpeas/beans is a our major source of protein, a legume enjoyed by many. It falls into the category that can be easily retailed in the open market. They come in different varieties which have varying protein content and price valuation.
The two major colour available in this part of the world are
All coming with diverse local names like "Honey", "Orobo", "Company" etc. The seed quality and market demand determines the pricing.
Value of maize short up from 8k to 34k a bag last year and there is likely to be a repeat as farmers went for alternative crops to meet demand gaps
What is predominantly grown up north is the white beans, however there are few regions that plant brown beans which is highly priced
Preservation is key if you are to make any money at all in beans storage. It's a make or mar biz as you can lose all your money including the capital if you do not adhere strictly to preservative methods
Once infested, commodity loses value instantly so preparing storage mechanism before purchase is key.
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|Re: Agric/grains Commodity Purchase/storage by Tyche(m): 12:47pm On Oct 11, 2016|
Op, do you have practical experience on the preservation? Same goes for other readers.
I emphasized on the word practical as there's no room for theory in this one.
|Re: Agric/grains Commodity Purchase/storage by Olayimikami: 3:39pm On Oct 11, 2016|
Cant say i have all the experience but i have learnt to work with locals and market players for synergy.
I believe collectively we achieved more.
I have operated on two or three levels of the value chain and i recognise all levels have their peculiar challenges.
As we deepen the discuss, i am sure we will arrive at solutions to mitigate some
|Re: Agric/grains Commodity Purchase/storage by Tyche(m): 3:58pm On Oct 11, 2016|
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