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Please How Lucrative Is Coconut Oil Business? - Business (2) - Nairaland

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Re: Please How Lucrative Is Coconut Oil Business? by Emmanuel602(m): 4:43pm On Mar 14
Joromi12:
Many would send that 500k guy pm and get duped
Hahahhahahahahahahahahaha
Re: Please How Lucrative Is Coconut Oil Business? by greatman555: 4:51pm On Mar 14
Sambaby7640:
Very lucrative my dear. Am currently making nothing less than 500k a month. Started two years ago sha.
Please am interested in this business, this is my number 07065566767 & frankadakole1@ gmail.com
Re: Please How Lucrative Is Coconut Oil Business? by TheManOfTheYear: 4:51pm On Mar 14
Sambaby7640:
Very lucrative my dear. Am currently making nothing less than 500k a month. Started two years ago sha.
who is this?

Do we look like kids on Nairaland?

4 Likes

Re: Please How Lucrative Is Coconut Oil Business? by Nobody: 4:52pm On Mar 14
Rejoice006:

grin savage you..
Stop laughing: It's business we're talking about here! If you don't believe him, leave. You may see him to be a crazy person. But, it's crazy people that make the most money!
Re: Please How Lucrative Is Coconut Oil Business? by Zico5(m): 5:00pm On Mar 14
Restroom:
Coconut oil business is very lucrative, but depends largely on the price of coconut, which is easily affected by forex. To produce one litre of coconut oil, it will cost between 1500-4000, depending on the price of coconut, your machines and physical location. The market price of 1 litre is anywhere from 5,000. to 10,000 depending on your location.
Usually, the profit is usually times two
During the Jonathan era, I make a litre for 1200-1300 and sold it for 3,000-4000.

Since Buhari era, when forex went up, to make a litre cost me about 2500-3000 and sell for 4,500-6000. So, you see, it is highly lucrative, the more forex goes up. the more your profit reduces especially if you are not using expeller machines.

One producer in zBenin city relocated to Badagry because of price of coconut in Benin, from the time of Buhari.

If you can get fairly big coconut for say 120-200, then, with an expeller machine you can make 1 litre with about 1900-2300. And you can sell your 1 litre for a minimum of 3500-5000.
pls can u send ur E-mail or WhatsApp number. I wish to contact u
Re: Please How Lucrative Is Coconut Oil Business? by Pyroex(m): 5:04pm On Mar 14
Sambaby7640:
Very lucrative my dear. Am currently making nothing less than 500k a month. Started two years ago sha.
. please teach me how
Re: Please How Lucrative Is Coconut Oil Business? by tse1v1(m): 5:06pm On Mar 14
trustworthy1:
Good evening all. Please I'm thinking of going in to coconut oil business. Please how lucrative is it?
Its is very lucrative depending on your market chain as well. You can follow me @allinstoreorganics
On Instagram and Twitter @allinstoreorganics.
Check out my design and commercials too then if you are satisfied then send me a message.
But also note you need to have a passion for business before going into it.
Re: Please How Lucrative Is Coconut Oil Business? by laivwire(m): 5:09pm On Mar 14
Sambaby7640:
Very lucrative my dear. Am currently making nothing less than 500k a month. Started two years ago sha.
They’ve come

4 Likes

Re: Please How Lucrative Is Coconut Oil Business? by roughdiamond(m): 5:09pm On Mar 14
I am interested in this business too. Tried to start in 2017 but had little knowledge about it so I dropped the dream. Please those with experience should help.
Re: Please How Lucrative Is Coconut Oil Business? by CodeTemplar: 5:17pm On Mar 14
sisipelebe:
Exactly, he's just looking for a prey.
Checked his topic history and not a thread about coconut or cosmetics self...

3 Likes

Re: Please How Lucrative Is Coconut Oil Business? by Miltonbit(m): 5:18pm On Mar 14
Sambaby7640:
Before you do that let me know how much you have as startup capital.

Please can we talk more on that? I'm interested in the biz.
Re: Please How Lucrative Is Coconut Oil Business? by Somzee(f): 5:26pm On Mar 14
Restroom:
Coconut oil business is very lucrative, but depends largely on the price of coconut, which is easily affected by forex. To produce one litre of coconut oil, it will cost between 1500-4000, depending on the price of coconut, your machines and physical location. The market price of 1 litre is anywhere from 5,000. to 10,000 depending on your location.
Usually, the profit is usually times two
During the Jonathan era, I make a litre for 1200-1300 and sold it for 3,000-4000.

Since Buhari era, when forex went up, to make a litre cost me about 2500-3000 and sell for 4,500-6000. So, you see, it is highly lucrative, the more forex goes up. the more your profit reduces especially if you are not using expeller machines.

One producer in zBenin city relocated to Badagry because of price of coconut in Benin, from the time of Buhari.

If you can get fairly big coconut for say 120-200, then, with an expeller machine you can make 1 litre with about 1900-2300. And you can sell your 1 litre for a minimum of 3500-5000.
How does the expeller machine looks like and how much is it?
Re: Please How Lucrative Is Coconut Oil Business? by varyo: 5:33pm On Mar 14
You can't go wrong with this bible quote
Grace makes the difference.






quote author=lonelydora post=76653126]Whatever your hand findeth to do, do it well.

With hardwork and God's favour in this biz, you will be smiling to the bank daily [/quote]

1 Like

Re: Please How Lucrative Is Coconut Oil Business? by inspector44: 5:46pm On Mar 14
Restroom:
Coconut oil business is very lucrative, but depends largely on the price of coconut, which is easily affected by forex. To produce one litre of coconut oil, it will cost between 1500-4000, depending on the price of coconut, your machines and physical location. The market price of 1 litre is anywhere from 5,000. to 10,000 depending on your location.
Usually, the profit is usually times two
During the Jonathan era, I make a litre for 1200-1300 and sold it for 3,000-4000.

Since Buhari era, when forex went up, to make a litre cost me about 2500-3000 and sell for 4,500-6000. So, you see, it is highly lucrative, the more forex goes up. the more your profit reduces especially if you are not using expeller machines.

One producer in zBenin city relocated to Badagry because of price of coconut in Benin, from the time of Buhari.

If you can get fairly big coconut for say 120-200, then, with an expeller machine you can make 1 litre with about 1900-2300. And you can sell your 1 litre for a minimum of 3500-5000.

Please am interested in this business from someone with more idea and is currently doing it you can drop off ur number or add me up to ur whatsapp so I can chat u up for more info Pls 08162687813
Re: Please How Lucrative Is Coconut Oil Business? by trustworthy1(f): 6:10pm On Mar 14
tse1v1:

Its is very lucrative depending on your market chain as well. You can follow me @allinstoreorganics
On Instagram and Twitter @allinstoreorganics.
Check out my design and commercials too then if you are satisfied then send me a message.
But also note you need to have a passion for business before going into it.
Thanks I ve passion for it. My passion for it intensified when I accompanied my aunt who is a nurse in a hospital to immunize her child and the nurses were telling mothers to stop using powders on their babies instead oil (preferably coconut oil) so as to avoid nappy rash. Also some researches I did on it I found out several uses of coconut oil on skin including curtailing wrinkles etc.
Re: Please How Lucrative Is Coconut Oil Business? by trustworthy1(f): 6:19pm On Mar 14
orimipe:
It is lucrative if you've got the market. I've been into it for the past 2 years. I do not extract mine myself though. I get mine from Badagry. Would make more sense if you can be a distributor. With that you sell faster and your brand gets to a larger market.

Yes I intend extracting d oil by my self and selling them in the hospital to mothers with babies during my NYSC.

1 Like

Re: Please How Lucrative Is Coconut Oil Business? by orimipe(f): 6:47pm On Mar 14
Nice one

Goodluck with that



trustworthy1:
Yes I intend extracting d oil by my self and selling them in the hospital to mothers with babies during my NYSC.
Re: Please How Lucrative Is Coconut Oil Business? by tse1v1(m): 6:59pm On Mar 14
trustworthy1:

Thanks I ve passion for it. My passion for it intensified when I accompanied my aunt who is a nurse in a hospital to immunize her child and the nurses were telling mothers to stop using powders on their babies instead oil (preferably coconut oil) so as to avoid nappy rash. Also some researches I did on it I found out several uses of coconut oil on skin including curtailing wrinkles etc.
Okay that's good to know that you did a research on them. You can WhatsApp me on 08182367959. Am based in Lagos. Hope you saw my advert commercial and design too. Its a lucrative business but one needs to be patient and if you have a good chain of customers you will make a lot.
Re: Please How Lucrative Is Coconut Oil Business? by iamwhat: 7:24pm On Mar 14
My Mum produces coconut oil, companies come to buy from her here in Badagry. 25 Litres is N22,000 but 1 Litre is 1k. If you want to buy, you'll be the one to cater for all the delivery headache. WhatsApp 08 - 0390 - 925 - 22
Re: Please How Lucrative Is Coconut Oil Business? by restored2016(m): 7:49pm On Mar 14
what is the coconut oil used for apart from lotion
Re: Please How Lucrative Is Coconut Oil Business? by Emmadgrt20(m): 8:17pm On Mar 14
This business sounds cool to venture into it for atleast the unemployed or people still serving. Pls can we have something like group forum say whatsapp group atleast to learn more via the use of coconut oil, people to market ur product to and the process of producing it.
this is my whatsapp number 08037335369. pls op consider my opinion
Re: Please How Lucrative Is Coconut Oil Business? by Fidelismaria(m): 8:27pm On Mar 14
I make coconut oil for my personal use tho....I use it on my hair and other parts wink

Check my signature
Re: Please How Lucrative Is Coconut Oil Business? by ghettochild4u(m): 8:44pm On Mar 14
Be careful o.
Don't believe his making 500k..
Don't get scammed.. Go to the market n do ur research
Re: Please How Lucrative Is Coconut Oil Business? by Lanretoheeb(m): 8:54pm On Mar 14
Restroom am interested
Re: Please How Lucrative Is Coconut Oil Business? by gypsey(m): 9:14pm On Mar 14
Very Lucrative, I just sold a whole Lorry load of coconut for a 1000 Kilo of Gold. Una dey craze!! grin


Lucrative my butt!! But mind you in the Carribean Islands like Jamaica, barbados, St lucia, Grenada and St vincent, Coconuts are Big business.
Re: Please How Lucrative Is Coconut Oil Business? by Restroom: 9:19pm On Mar 14
Zico5:
pls can u send ur E-mail or WhatsApp number. I wish to contact u
09079496934
Re: Please How Lucrative Is Coconut Oil Business? by mitchyy(f): 10:39pm On Mar 14
The coconut mistress herself should have an answer cc @funmicoconuts
Re: Please How Lucrative Is Coconut Oil Business? by Restroom: 11:00pm On Mar 14
Lanretoheeb:
Restroom am interested
Read my post again, I have updated it
Re: Please How Lucrative Is Coconut Oil Business? by HomoDroid(m): 11:47pm On Mar 14
The business of Coconut Oil is not very Lucrative in itself, but the value chain is lucrative as a whole. Now it depends on which points you position yourself. I carried out a detailed study in 2017 as a Business Development Consultant to a prospect for Bank Loan. My conclusion was to advise the client against it.

For you to run the processing aspect profitably, you must operate at least medium scale and sell by-products in addition to the VCO. Such by-products include the husks, the shells, white coconut powder/flakes (if you are into cold-press VCO method) or coconut cakes (if you are into hot-press method).

Interestingly, coconut powder is even more expensive than the VCO (except where high level packaging and selling to exclusive niche of beauty product enthusiasts). The cakes are also highly acceptable in Animal feeds, such as fish feed making.

The shells and husks have versatile application and conversion into a wide range of products (I'm not telling for free!)

To ensure highest yield, It is advisable to acquire imported fully automatic turnkey processor.

Also note that your profitability with the VCO will greatly depend upon the coconut types, such as Ghana, Badagry, etc. Each have varying yield capabilities and pricing differentials. You also need to consider stability of supply. for this reason, you should consider importing copra from the Caribbeans or Brazil.

I think I have given away enough free info. (C&F Value of one ideal turnkey machinery was quoted at USD7595. The set included Copra Chopper, Roaster, Screw Press, Filling & Sealing Machine, coding labeler, etc)

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