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Is Agricultural Commodities Trading A Profitable Venture In Nigeria? - Business - Nairaland

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Is Agricultural Commodities Trading A Profitable Venture In Nigeria? by Harry31(m): 4:05pm On Apr 16, 2018
Good afternoon nairaland, please i just finished my studies outside Nigeria and seeing the huge potential in Nigeria when it comes to agriculture, I would like come back to set up an agricultural commodities trading company where I would buy goods directly from the farmers and the sell them in markets and companies that use these goods.

For now I want start with onions and maybe rice before going into palm oil and other farm products. Since i've been outside the country for a while now, i was only able to do my research online and I found that Aleiro in Kebbin State is where to go to if you are looking to get Onions and sell them in southern parts of the country.

Please I still need more information about this kind of business from anyone that is already into it. I would like to know the risks involved and a few other things. Thank you very much.

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Re: Is Agricultural Commodities Trading A Profitable Venture In Nigeria? by Coloradvantage(m): 4:28pm On Apr 16, 2018
very profitable. don't start with highly perishable commodities. know ur buying market, have a good storage sysytem, having a good and personal means of transportation helps a lot.

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Re: Is Agricultural Commodities Trading A Profitable Venture In Nigeria? by Harry31(m): 5:08pm On Apr 16, 2018
Coloradvantage:
very profitable. don't start with highly perishable commodities. know ur buying market, have a good storage sysytem, having a good and personal means of transportation helps a lot.
Please which commodities are not highly perishable and you would recommend I start with.. and I don't have the luxury of huge capital so I might not be starting of with owning a means of transport and storage facility. Thank you for your response..

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Re: Is Agricultural Commodities Trading A Profitable Venture In Nigeria? by ra4fo(m): 6:23pm On Apr 16, 2018
It is profitable if you have the technical know-how, target market, and more importantly a standby vehicle for transportation. Now, i dnt mean u have to purchase a transporting truck b4 u can succesfully run the business. Although, u may get to a level in the future where u wud eventually need ur own truck/vehicle so im not entirely rulin out u needin a truck but for startup, i dnt think u need one.
I would also advice u work on produce that are not easily perished as i think onion is one of those. But like i said, u need technical know-how on how to go about this business b4 u can venture into it. And it may intrest u to know that u would need to work with alot of produce if u intend to keep the income streaming in as most if not all of this agricultural produce have a specific moment of the year in which they are safe to invest in. Still, u need to get in the country, make som surveys then decide. If u need to ask more questions, You can reach me through whatsapp on 07037730319.
Re: Is Agricultural Commodities Trading A Profitable Venture In Nigeria? by Coloradvantage(m): 7:14pm On Apr 16, 2018
Harry31:
Please which commodities are not highly perishable and you would recommend I start with.. and I don't have the luxury of huge capital so I might not be starting of with owning a means of transport and storage facility. Thank you for your response..
rice you mentioned earlier is cool and can last for a long time even if the means of trnsporting breaks down on transit. grains are very easy to deal with. also sesame, melon seed. don't try tomatoes, and be wise with yam.
Re: Is Agricultural Commodities Trading A Profitable Venture In Nigeria? by Harry31(m): 10:43am On Apr 17, 2018
Coloradvantage:
rice you mentioned earlier is cool and can last for a long time even if the means of trnsporting breaks down on transit. grains are very easy to deal with. also sesame, melon seed. don't try tomatoes, and be wise with yam.
Thank you very much for your response, i'm not even looking at trying either Tomatoes or Yam. Please are you also in the business.
Re: Is Agricultural Commodities Trading A Profitable Venture In Nigeria? by Harry31(m): 10:46am On Apr 17, 2018
ra4fo:
It is profitable if you have the technical know-how, target market, and more importantly a standby vehicle for transportation. Now, i dnt mean u have to purchase a transporting truck b4 u can succesfully run the business. Although, u may get to a level in the future where u wud eventually need ur own truck/vehicle so im not entirely rulin out u needin a truck but for startup, i dnt think u need one.
I would also advice u work on produce that are not easily perished as i think onion is one of those. But like i said, u need technical know-how on how to go about this business b4 u can venture into it. And it may intrest u to know that u would need to work with alot of produce if u intend to keep the income streaming in as most if not all of this agricultural produce have a specific moment of the year in which they are safe to invest in. Still, u need to get in the country, make som surveys then decide. If u need to ask more questions, You can reach me through whatsapp on 07037730319.
Thank you very much for your response, I will contact you. Please are you also in the business because I will like to know the challenges in this line of business.
Re: Is Agricultural Commodities Trading A Profitable Venture In Nigeria? by Harry31(m): 7:50am On Apr 18, 2018
Please i'm still looking for more information/advice from anyone that is actually into trading of any agricultural commodity..
Re: Is Agricultural Commodities Trading A Profitable Venture In Nigeria? by AromePeter(m): 11:42am On Apr 18, 2018
Harry31:
Good afternoon nairaland, please i just finished my studies outside Nigeria and seeing the huge potential in Nigeria when it comes to agriculture, I would like come back to set up an agricultural commodities trading company where I would buy goods directly from the farmers and the sell them in markets and companies that use these goods.

For now I want start with onions and maybe rice before going into palm oil and other farm products. Since i've been outside the country for a while now, i was only able to do my research online and I found that Aleiro in Kebbin State is where to go to if you are looking to get Onions and sell them in southern parts of the country.

Please I still need more information about this kind of business from anyone that is already into it. I would like to know the risks involved and a few other things. Thank you very much.


The best way to scale this business is to learn and partner with those already getting their model right by consistently trading and making money. If you are serious and want to know more reach me on Whatsapp.
Re: Is Agricultural Commodities Trading A Profitable Venture In Nigeria? by Harry31(m): 1:07pm On Apr 18, 2018
AromePeter:



The best way to scale this business is to learn and partner with those already getting their model right by consistently trading and making money. If you are serious and want to know more reach me on Whatsapp.
Please how can I reach you
Re: Is Agricultural Commodities Trading A Profitable Venture In Nigeria? by alebz007: 1:32pm On Apr 18, 2018
Want to make money from the comfort of your home as a student, house wife, graduate And even as a worker?? Do you wish to be a consultant with a Swedish cosmetic company and make money to double your income? Just say hi lemme direct you on how to do so.
Or chat me up on whatsapp... 09057162054.
Re: Is Agricultural Commodities Trading A Profitable Venture In Nigeria? by Harry31(m): 5:39pm On Apr 18, 2018
alebz007:


Want to make money from the comfort of your home as a student, house wife, graduate And even as a worker?? Do you wish to be a consultant with a Swedish cosmetic company and make money to double your income? Just say hi lemme direct you on how to do so.
Or chat me up on whatsapp... 09057162054.
please take take your scheme to another thread.
Re: Is Agricultural Commodities Trading A Profitable Venture In Nigeria? by feswande: 5:14pm On Apr 21
AromePeter:



The best way to scale this business is to learn and partner with those already getting their model right by consistently trading and making money. If you are serious and want to know more reach me on Whatsapp.
Harry31:
Good afternoon nairaland, please i just finished my studies outside Nigeria and seeing the huge potential in Nigeria when it comes to agriculture, I would like come back to set up an agricultural commodities trading company where I would buy goods directly from the farmers and the sell them in markets and companies that use these goods.

For now I want start with onions and maybe rice before going into palm oil and other farm products. Since i've been outside the country for a while now, i was only able to do my research online and I found that Aleiro in Kebbin State is where to go to if you are looking to get Onions and sell them in southern parts of the country.

Please I still need more information about this kind of business from anyone that is already into it. I would like to know the risks involved and a few other things. Thank you very much.

Hello, just reading through this because I am about to start commodity trading business as well. I have been reading up and doing research on it. I will like to know how far you've gone with your company. Please share challenges and success with me. Please share with me the best product to start with. I am thinking of starting with egg because I'm based in Lagos. I will really appreciate your help. Thank you.

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