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International Trade Business (import And Export) by Ololanla: 2:03pm On Jan 05, 2018 |
I welcome everyone to this new thread; International Trade Business (Import and Export). May this year brings tons of goods things to every one of us. On this thread, I will be taking us through all we need to know as far exporting (non-oil products) from Nigeria is concern and how we all can benefit and make good fortune from the 2018 export prospects. I will also be taking time to demystify the import process and address some issues faced by importer from time to time. Once again, I welcome everyone as we explore the opportunities in international trade business. Do have a peaceful, purposeful and prosperous year ahead. 2 Likes |
Re: International Trade Business (import And Export) by Nobody: 2:25pm On Jan 05, 2018 |
great am interested |
Re: International Trade Business (import And Export) by Emperorville: 2:25pm On Jan 05, 2018 |
Wasere 1 Like |
Re: International Trade Business (import And Export) by Rhodiumic(m): 4:25pm On Jan 05, 2018 |
Bro, continue i'm all ears. |
Re: International Trade Business (import And Export) by timmie4God: 5:24pm On Jan 05, 2018 |
Thanks for this. Waiting for you. Kindly help with information on how to get product videos customized for marketing like this: https://www.facebook.com/wownigeria/videos/1196412683824682/ It appears suppliers/manufacturers make these videos for wholesalers. 1 Like |
Re: International Trade Business (import And Export) by Ololanla: 1:34pm On Jan 17, 2018 |
Raw Cashew Nut Export: We are opening this thread with discussion on raw Cashew Nut export and as we all know that we are just entering into 2018 cashew season, it would be wise for us to look at this subject together so that those of us that are interested in this business can take advantage of it. The flag off will take place in Oyo state very likely this week and this would be the determining factor for the local price (per tonne or per kg) of Cashew Nut the season. Cashew business is a very lucrative business and one can make money from it as a farmer, agent, supplier and/or as exporter. For exporters, these set of people are the one that would be making a lot of money in the business considering the current exchange rate. Just this week, The National Cashew Association of Nigeria, NCAN, said Nigeria earned N144.7 billion ($402 million) from the export of raw cashew nuts to Vietnam and other countries in 2017. Mr. Sotonye Anga, the spokesperson for the association, said that 220,000 tonnes of raw cashew nuts were exported to Vietnam, India and China between February and December 2017. Cashew production in Nigeria for 2015 was 160,000 tonnes, which fetched the country 152 million U.S. dollars (about N57.6 billion) revenue. In 2016, we exported 185,000 tonnes of cashew nuts and earned 259 million dollars (aboutN93.2 billion),” Anga said. Cashew export has its intricacies and for you to be able to partake of the immense opportunities in this business there are vital things you need to know. When going into export of any item, be it agro commodities, solid minerals, semi-finished or finished products, there are a few things one need to bear in mind and this would be stated on the sales contract signed between the exporter (seller) &the importer (buyer) and would form the basis of transaction between both parties.(….. detailed discussion on Export Sales Contract will be done later) Some of which are: Product description, Quality Specifications, Quantity, Packaging, Pricing, Origin, Port of loading & Port of Discharge, Shipping documents, Payment term and Payment method to mention a few. For the purpose of cashew nut export this season, we would be discussing one of this items which is ‘Quality Specifications’ 2 Likes |
Re: International Trade Business (import And Export) by inspirational93: 3:52pm On Jan 17, 2018 |
Ololanla:Have you heard this? Many Nigerian exporters have been defrauded of huge amount of money in the process of exporting commodities to foreign countries. Do you know why? They were not trained on export operations, management, documentations and the best methods of payment in export trade. This is terrible!!! Nigerians cannot continue to lose money to foreigners in the course of export business. Exporters, why don’t you get a practical manual that teaches the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers. It teaches export operations, export management, export documentations and methods of payment in export trade? It is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on the link below: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html 1 Like |
Re: International Trade Business (import And Export) by inspirational93: 3:53pm On Jan 17, 2018 |
jamil2000:Have you heard this? Many Nigerian exporters have been defrauded of huge amount of money in the process of exporting commodities to foreign countries. Do you know why? They were not trained on export operations, management, documentations and the best methods of payment in export trade. This is terrible!!! Nigerians cannot continue to lose money to foreigners in the course of export business. Exporters, why don’t you get a practical manual that teaches the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers. It teaches export operations, export management, export documentations and methods of payment in export trade? It is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on the link below: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html |
Re: International Trade Business (import And Export) by inspirational93: 3:54pm On Jan 17, 2018 |
Rhodiumic:Have you heard this? Many Nigerian exporters have been defrauded of huge amount of money in the process of exporting commodities to foreign countries. Do you know why? They were not trained on export operations, management, documentations and the best methods of payment in export trade. This is terrible!!! Nigerians cannot continue to lose money to foreigners in the course of export business. Exporters, why don’t you get a practical manual that teaches the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers. It teaches export operations, export management, export documentations and methods of payment in export trade? It is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on the link below: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html |
Re: International Trade Business (import And Export) by Ololanla: 5:11pm On Jan 17, 2018 |
Am quite aware of that and that's one of the things we are here to address. Stop jumping the gun and be careful of the kind of link you drop here in order not for you to derail the thread. Thanks inspirational93: |
Re: International Trade Business (import And Export) by Ololanla: 5:35pm On Jan 17, 2018 |
RAW CASHEW NUT - Quality Specification Just like most agric commodities, Cashew nuts meant for export must be well died and free from impurities and unwanted matters. Quality Specifications is one of the most important items on export sales contract because this is what determines how much the buyer is going pay for your product. The following are the parameters used to measure raw cashew nut quality. Nut Counts Simply put, Nut Count is the number of nut in 1kg of Cashew nut. It ranges from 170 to 230 counts, 170 being the best quality while 230 is poor quality. 170 ……………….. ………..EXCELLENT 180 – 190 ……………….. VERY GOOD 190 – 200 ……………….. GOOD 200 – 210 ……………….. AVERAGE 210 – 220 ………………. BELOW AVERAGE 230 AND ABOVE ………………. POOR It is worthy to note that most foreign buyers prefer between 170 and 200 nut counts. In Nigeria, the nut count per 1kg sample varies from zone to zone. While zones like Ogbomosho has between 170 and 185, others zones falls between 190 and 230. Ogbomosho is known to have the best quality and a lot of buyer prefers Cashew nuts from this location. Kernel Output Ratio (KOR)/Out-turn It is the quality of good nut (as there would always be defective ones) from 80kg of raw cashew nuts. It means a number of usable kernels after de-shelling the nuts. Out-turn is measured in lbs quality in terms of one bag of 80 kg of raw cashew nuts. In general, An excellent out turn is 48 – 53 lbs. A good out-turn is 43 – 48 lbs. Less than 43 lbs is a poor grade and are usually rejected. Moisture Most export contract would state that moisture content should be maximum of 10%. So, exporters must ensure the product is well dried before bagging and loading for shipment. Defective Nuts Defective nuts are the ones that are diseased as a result of fungi infection which is seen in form of black or brown spot when the kernel is split. This is cause by high moisture in the nut due to improper drying and improper storage. The percentage of defective nut acceptable by most foreign buyers is between 8 and 10% max. Foreign Matters These are unwanted matters like broken sticks, leaves sand, stack etc. The maximum amount of foreign matter allowed by most buyers is 10%. NB: These parameters are what any intending exporter should consider before buyer raw cashew nut from any of the locations in Nigeria. . 2 Likes |
Re: International Trade Business (import And Export) by tobinson: 5:50pm On Jan 17, 2018 |
[b][/b] thanks bro,but how can we. know when you re coming to train us especially in Lagos..... |
Re: International Trade Business (import And Export) by Ololanla: 2:43pm On Jan 18, 2018 |
For update on Import and export business in Nigeria, join the experts on Inspiration FM 92.3 every Thursday by 5pm. Powered by Sterling bank Plc... #importexporthelpline 1 Like |
Re: International Trade Business (import And Export) by davidsthe(m): 12:12pm On Jan 29, 2018 |
[quote authasor=Ololanla post=64308518]For update on Import and export business in Nigeria, join the experts on Inspiration FM 92.3 every Thursday by 5pm. Powered by Sterling bank Plc... #importexporthelpline [/quote] Good work bro. Does inspiration FM stream online am in kogi I deal raw cashew nuts from there and would like to listen in. Pls when is the season flag off ceremony |
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