Happy Sunday

The second market for HQCF in bakery products is for use in biscuit factories as a partial replacement for soft wheat flour. Prices for soft wheat flour are lower but there is still enough margin to attract interest if HQCF can be used at 20% or higher.

Recent trials have shown that HQCF can be used at 10% in hard and soft-dough biscuits but at 20% problems were encountered with machinability and reductions in product volume. These problems are hindering uptake of HQCF by the 15 biscuit factories in Nigeria but several expressed interest in participating in trials with flour improvers to overcome the current problems.

If 20% substitution of HQCF became possible demand from the biscuit factories would require 80,000 tons of HQCF which is equivalent to 320,000 tons of fresh cassava roots.

To be continued.........

Spice Powder Processing

Spice grinding and packaging is one of the most profitable food processing business to be initiated as small and medium scale. Spice is an essential item and is considered as a tastemaker. Apart from individual spice powder like chilly, cumin, turmeric; special quality mixed spice powder processing is more profitable.

Some of the most popular items are meat spice, curry powder, chat spice etc. With changing of lifestyle and especially with changes in food habits and the increase of income level, the use of powdered spices has increased. Of late, the market for ready-to-mix of spices has grown significantly.

The third market for HQCF in bakery products is the packaged sausage roll market. Nigeria has 8 large sausage roll companies competing to supply a packaged sausage roll with a 10 day shelf-life under tropical ambient conditions. All of the sausages rolls sell well on the street per item and the market is highly competitive. Recently one company increased their retail price to US$0.47 per roll, they
failed to sell any products for two weeks and were forced to reduce the price back to US$0.30.

The 8 companies are estimated to buy 60,000 tons of hard wheat flour per annum (but this could be as high as 100,000 tons/annum) for use in the outer casings which have a rubbery non crumbling texture obviously designed for rough handling by street-vendors. The companies were formerly buying wheat flour or maize starch as a binder for the meat filling. Rising raw material costs have encouraged interest in HQCF by the sausage roll companies.

BUSINESS POTENTIAL

What is the business potential of agro-export trade? With cashew nut and in specific, the kernel in introspects, cashew kernel export is a promising market.

According to recent statistics from NEPC, Germany, Netherlands, United Kingdom, Poland, France, Japan, United Arab Emirates, Canada, Lithuania and Ireland are the top ten markets with the largest untapped potential for Nigeria cashew kernel export.

Vietnam is currently the largest export destination for Nigeria cashew kernels with average yearly exports of 3.4milliona dollars. It is also Nigeria’s largest competitor on a global scale. Poland is a small market for Nigeria but France is a new market.

Blessed Sunday

Dear Brand Heroes,

In the realm of business, your brand name isn't just a label; it's your identity, your reputation, and your legacy.

It's the banner under which you march into the competitive arena, and it's the first impression you make on potential customers. Protecting and preserving your agro business name should be a top priority for any entrepreneur or company.

In today's fast-paced and ever-evolving market, the importance of safeguarding your brand name cannot be overstated.

With the rise of social media and digital platforms, the spread of information—both positive and negative—can happen in an instant.

So, how can you ensure the safety and integrity of your agro business name?
Simple.

Just register your agro business company with the corporate affairs commission. And you'll be sure that no other business will be able to use that name within the borders of nigeria.

Together, let's ensure that our brand names remain synonymous with excellence, integrity, and innovation. Because in the end, the true heroes are those who safeguard the legacy they've worked so hard to build.

Register your Company with CAC Today

The current Nigeria exchange rate benefits agricultural export. Agro Export is a good idea, the world is more open than ever before, trading or export business is booming.

Small export business can be very lucrative if you are executing a great export business idea. Each of this could be your starting point for your own export business.

Dear esteemed exporters and entrepreneurs,
In this ever-evolving global market, your unique ideas, products, and services have the potential to make a significant impact. Embrace the power of innovation and collaboration, and let your passion drive you to achieve greatness.

®©

Working capital costs

Additional working capital costs are always involved during the export process. This means the amount of money needed to be available to effectively run your business. In practice, payment for the contract is received mostly after delivering all of the goods / service.

Thus keep in mind you have to make additional direct costs like: raw material purchases, packaging, transportation, laboratory services, certification(s). Extra indirect costs should also be taken into account: overheads, personnel, plants and equipment, building.

Export Pricing

To become a successful export venture you need to have the right knowledge about export pricing methods. This always includes all items meant for costing and the way your products are provided. As (prospective or performing) exporter, always ensure basic knowledge regarding all activities constituting export pricing.

Top tips for export pricing

Ensure your prices are competitive
Ensure all export-related and -associated costs are covered
Know your break-even points
Set realistic profit margins
Know the INCOTERMS for pricing purposes
Try to negotiate best rates from service providers
Keep abreast of exchange rates
Review all of your cost elements periodically
Include appropriate currencies and HS code(s)
Include minimum order quantities

Blessed Sunday

Hope is not an Export strategy. One should create a tailored Export plan to achieve success

To sell a product, you need a market for it. Where is the demand? Is it stable? Is it profitable in short and long term? Are there trade barriers? In export, your market is a country or countries with a demand for your product. So, how does an exporter go about finding this market?

It is better for Nigeria to Export than Import. If you import more than you export, more money is leaving the country than is coming in through export sales. On the other hand, the more a country exports, the more domestic economic activity is occurring. More exports means more production, jobs and revenue.

Product is available. Check Specification below

Commodity: SOYABEAN (2024 CROP)

Place of Origin: Benue State, Nigeria

Quantity: 90 Metric Tonnes

Interested buyers should make contact .



WhatsApp/Call +2347033097160

For Export, how do you do your market research? The first step of market research includes gathering basic information, ranging from import regulations to trade statistics. You should include several areas in the first phase of your market research. The most important aspects are:

Trade statistics and trends
Trade policies
Regulatory framework
Business environment
Business culture
Distribution channels
Trade logistics
Risk assessment

Product specific market research
After you have gathered and analysed basic information, you should narrow down the research to your specific product or service. This also involves presenting your product or service to buyers overseas. Gather feedback on your offer by sending data or samples to buyers. Also pay attention to analysing the competitors of your target market(s) in this stage.