Exporter advantages

While it will take some time, good market research gives you several great advantages in your further export process. The main benefits for you:
It helps you to identify your most promising market
It will include rich inputs for your export plan
It will give you full understanding of the competitive landscape of your target market
It will support you in minimising risks and maximising prospects.

Blessed Sunday

Subscribe to our Export training course which covers everything and in- depth on the Export business from how to find International buyers to how to raise finance for your Export transactions, how to source products in remote communities at cheap prices, how to ensure you are getting paid before you spend a dime sourcing commodities, how to ensure the quality of the products meet the required standards, how to ship your products, products that are most demanded and can earn you double profits and so much more.

The Nigerian Export Promotion Council (NEPC) is inviting exporters and stakeholders to an Export Webinar titled "NEPC RE-ENERGIZED"

Event Date: Thursday, March 21, 2024
Event Venue: Virtual

Time: 10:30am – 11:30am

The international trade industry may be highly lucrative for traders who have learnt the ropes and can successfully chart a course that is mostly bound for success, but not knowing some key things could cause you to lose your investments whether you’re trading from Nigeria, Asia, Europe, America, Africa or other parts of the world.
To help you know some unexpected challenges you may face when shipping commodities, join us in our training program to discuss 9 challenges most international traders in Nigeria and many other parts of the world face.

Starting an Export business in Nigeria comes with both its pros and cons. If executed well, the seller could rake in a whole lot of money. But if not well managed, significant losses could be recorded.

While most people believe exportation should cost you a lot of money, going in as a broker and leveraging a wide network of local suppliers to supplement your goods sales will go a long way in helping you build a successful business that won’t just enable you to generate high revenues in widespread broker commissions, but will ensure you contribute positively to Nigeria’s or your own country’s GDP.

Blessed Sunday

Let's Take Voyage to discuss the Opportunities in Cassava Business and Export in Nigeria

These included dry chips for export to China, dry chips for domestic poultry feed, cassava as a feedstock for sugar syrup production (especially high fructose syrup), ethanol for blending with petrol as part of the Governments E10 policy and packaged garri for high-value urban markets.

The market subsectors as derivative of cassava include:

 High Quality Cassava Flour (HQCF)
 Instant odourless fufu
 Packaged garri (gari)
 Starch
 Sugar Syrups & Sweeteners
 Chips – for domestic livestock feed & Export
 Ethanol/bio-fuels
 Beer


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

High Quality Cassava Flour (HQCF)

Potential market – High Quality Cassava Flour (HQCF) is prepared from peeled and grated cassava, that has been de-watered, dried to 10-12% moisture content, milled and screened to give a fine flour capable of passing through a 0.25mm sieve. HQCF typically contains >90% starch but is not pure starch as it contains a certain percentage of fibre and traces of protein and fat.

HQCF is so called to distinguish it from the many traditional cassava flours which are typically off white in colour, have a fermented smell and taste, and coarsely ground. The traditional products are not suited for use in bakery products or manufacture of paperboard adhesive.


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

The key market for HQCF is as a partial substitute for wheat flour in bread. Using hard wheat flour containing conventional bakery improvers, HQCF can be incorporated at levels of ~7% without adverse effects on loaf quality.

Above this level the volume of the loaf is visibly reduced and the texture of the bread has a heavy cake like texture due to the absence of gluten in HQCF. Furthermore shelf-life will reduce from 7-10 days to ~4 days due to the hygroscopic nature of HQCF that encourages mould growth.

However, bakery improvers are available in Nigeria that allow 20% incorporation of HQCF with a 7-8 day shelf-life. One of the major bakeries has launched a 20% HQCF line of products including bread, sausage rolls, cakes and cookies.

To be continued........

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.

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.

When a commodity trading firm has a wide collateral pool, the bank can open up a credit line for them that will enable them to have easy access to funds to make purchases on any scale without the need to issue a payment guarantee or Letter of Credit.

Join and subscribe to our Agro Export training to learn Export finance and how to obtain it to take your Export venture to the next level.

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.

To be continued.....

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.

We are CAC Accredited registration agent. 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.

The export business remains one of the most profitable businesses in the world, including Nigeria, with profit margins going anywhere from 30% to in some cases over 100%. With the growing clamour by the Nigerian government for entrepreneurs should go into the export business, the need to effectively educate people on everything they need to know and to show them how to make their first one million Naira from the export business in Nigeria has become very paramount.
This Online course will teach anyone everything they need to know on how to build a successful export business from scratch, present a live case study, and show you how to export lucrative highly-valued commodities profitably from Nigeria. It also has a section that shows the reader how to start out as a broker.

This online course and Export training program is perfect for beginners in the export business in Nigeria, as it will take you from a novice to an export professional, and help you either make money by starting your own export business in Nigeria, or by becoming an export consultant or broker.