₦airaland Forum

The price of guinea corn going for 23,000 naira presently in benue state

My name is dave, I'm not a farmer but I source palm oil from mbaise axis of owerri and supply to clients throughout Nigeria. A 25litre of palm oil is going for 8900 in our region.

Juliana7:
@op, can we use any type of pepper and which pesticide can we use(the name pls) thanks

Dry pepper (ungrounded 1)

For those who want to store bambara nut(okpa) you could also put pepper inside your drums and use pesticides

Heard a bag of ground nut is going for 30 thousand in lagos state? This is good bussiness for those in gnut biz because a bag of peeled gnut in benue is going for 25 thousand

Heard a bag of Peeled ground nut is going for 30 thousand in lagos. Can som1 in lagos please confirm this because a bag of peeled gnut is going for 25 thousand over here.

Charpell:
Nice information bro, one thing is to store another is to find buyers. How can someone find serious buyers during those off season?

There are always buyers ready to buy. People would always eat

corpROYAL:
How best can someone prevent melon in the store till the price appreciate. Can someone apply chemical against pet? Morealso okpa how best can someone store in a way that it will not spoil. Your suggestion will be higly welcome.

For melon they always rebag the bag constantly and check for seeds that are change colour.

Okpa is stored in an airtight drum or container

Juliana7:
@op, thanks, how can we preserve dis yam till d off season. Thanks

Yam case is special in the sense that you have to work with indigenes because they know how to select yams that would be good for storage and won't spoil easily. Once you have selected your yams are they are kept in the store you have to check the head of the yam constantly to see d one dat is growing and cut it off but if you are storing here in benue the owner of the store would collect money for the store and money for checking the yams.

Juliana7:
@op, pls when is d on season and off season of yam in benue state and where can one get yam cheap in benue.

You can get yam cheap majorly in logo LGA and kastina ala LGA the headquater of yam is ZAKI-BIAM yam market.
On season begins from september to december off season begins febuary march down to august. The best specie of yam to me is ogoja yam, they have here in abundance

Juliana7:
@op, pls when is d on season and off season of yam in benue state and where can one get yam cheap in benue.

You cheap majorly in logo LGA and kastina ala LGA the headquater of yam is ZAKI-BIAM yam market.
On season begins from september to december off season begins febuary march down to august. The best specie of yam to me is ogoja yam, they have here in abundance

Yams will be out (on season) in ugba benue state by the beginning of september.

uboma:
Why would I want to store the nuts for years? That will mean holding down my investment for years. Are you sure you really know the ABC of this storage business?
If one buys by November, how long does one have to store the nuts before selling? when is the off-peak season?

I was just telling you that okpa can last very long that's all. When you buy in november to december this year by april next year the price begins to climb till november another on season. Presently in ugba benue state a bag of okpa is going for 44000 naira. The demand of okpa is very high cos it's the cheapest filling food in town.

uboma:
this is very informative.


What time of the year is right to buy the Bambara nut for storage?

How does one preserve it for storage?

What time of the year (off-season) can one sell off the nuts?

On season begins from November to December it is stored in an air tight container, or drums once air is not entering iy can stay for years

Bussiness of storage

This is another huge money spinner better than saving your money in the bank (off course you don't save in the bank in this 21st century because you're currency is losing it's value very fast, what wise people do is hedge or invest their currency/money)
Storage bussiness is a beautiful way of hedging against the fall of the naira (value), this means that the price of the agricultural produce will increase in price in off season.
Let us take a look at some agricultural produce and their prices @ their on and off season in benue state for 2015-2016

Okpa(bambara nut) on season 12,000 per bag off season 44,000 per bag presently

Yam on season 10big tubers 500 off season 1900

Melon on season 13k per bag off season 45,000

Groundnut on season 4500 per bag off season 13000

Off course all these prices could increse the more depending on the demand and supply dynamics.
The truth is there is going to be food scarcity next year due to fulani crisis so those investing/hedging in agricultural produce would be making serious money next year. I'm personally investing in okpa cos the maintenance is less stressful

How to invest in the storage
1. Understand the on and off season of any produce you wish to invest in
2. Locate then rent a store
3. Pay for the store for the specific number of months you want your produce to stay( make sure it's gonna land in the off season)
4. Then relax and watch your produce yield huge return on investment (ROI)

This is another huge money spinner better than saving your money in the bank (off course you don't save in the bank in this 21st century because you're currency is losing it's value very fast, what wise people do is hedge or invest their currency/money)
Storage bussiness is a beautiful way of hedging against the fall of the naira (value), this means that the price of the agricultural produce will increase in price in off season.
Let us take a look at some agricultural produce and their prices @ their on and off season in benue state for 2015-2016

Okpa(bambara nut) on season 12,000 per bag off season 44,000 per bag presently

Yam on season 10big tubers 500 off season 1900

Melon on season 13k per bag off season 45,000

Groundnut on season 4500 per bag off season 13000

Off course all these prices could increse the more depending on the demand and supply dynamics.
The truth is there is going to be food scarcity next year due to fulani crisis so those investing/hedging in agricultural produce would be making serious money next year. I'm personally investing in okpa cos the maintenance is less stressful

How to invest in the storage
1. Understand the on and off season of any produce you wish to invest in
2. Locate then rent a store
3. Pay for the store for the specific number of months you want your produce to stay( make sure it's gonna land in the off season)
4. Then relax and watch your produce yield huge return on investment (ROI)

prettyjoshua:
That's great the boss,you can contact me on my email for the pdf's will be great@
Joshuaezindun@gmail.com
08134881607.

Sent

prettyjoshua:
To be honest is really been great,nairaland is like a family,i have really learnt.
the truth of the matter is that am not putting in profit first,i just want to do the businesz for the passion i have for it,the intriques of the documentation,selling nigerian produce outside the shores of africa,the foreign partners and the whole process involved in it,i just want to get the business right and the dream is to build my company to be the number one exporting company in Nigeria like the OLAM GROUP,make a name for myself outside the shorez of Africa,get established.
I still need more info on how to get customers cos my plan is to travel to each country i want to export to.

U just mentioned a name that mks me go mad anytime I hear that name, that name is OLAMS. My passion for agriculture was fuelled the more when I started studying that company last year. That company 1st started in nigeria in 1989 without 1naira dealing in cashew nd exporting cashew but now olams is in 70 countries worldwide. They own ok foods, caraway foods, crown flour mills, cherie foods. Tasty Tom. They control almost all foods in the world, a company dat strted in nigeria. Go nd see their rice in markudi nd nassarawa. I cnt tlk much cos I fit tlk frm now till next week about dat company if u need more info send me an email, I will help with pdfs on the company.

prettyjoshua:
Thanks so much dav and lynxx.
I really want to start by exporting palm oil to ghana and south africa and with other agro produce and later to london and asia,ur advice and posts has been really helpful,hope more comments are made and i also need suggestions on what else to export and to which country.
#Blessings.

I'm into palm oil bussiness in Nigeria bussiness based in imo state. Any info on how to export palm oil to any country outside Nigeria will be good. I'm with you on this full time

Imo state The price of palm oil is going for 8900 presently in mbaise imo state Benue state The price of unpeeled egusi (melon) is going for 19,000 The price of unpeeled gnut is 7,500 The price of small basket of tomato is 100 The price of small basket of pepper and chill pepper is 400 The price of gnu(peeled one) is 21000

Amazing peeled groundnut (A BAG) sold for 25000 yesterday. It simply. Companies are buying @ 25000 Means farmers are making 6000 profit per bag

The price of groundnut unpeeled is now 7,000

This is the only place in nigeria (benue) I have seen where they rear pigs freelance as we rear chickens and goats. The pig rearing is like a tradition here. They don't keep them in cage and they don't feed them, the pigs fend for themselves so you can imagine how cheap this pigs are compared to places like east,west,north where pigs seen roaming d street is a taboo. If you can buy pigs here and take to your place that would be a brillant idea

emydedon:
Kindly send ur contact to me 08072721297 via sms

Sent

rheether:
let me have your email or telephone number.

Name: David
Whatsapp: 08034325175
Email: davidconcept89@gmail.com