₦airaland Forum

oil is officially 7k in Akwa Ibom today. most mills in Uyo, Abak and IK sold at that rate while second grade is 6500.
There's no going down from indications. IMO, Abia here I come ���

iHart:
for me, I think price will begin to go up from ending of next month.

Official price as of today is 5500. I got some at the mill today. Tomorrow is Oriendu market day, the price will still be 5500. I hope to pick just 8 gallons to complete my stock for my next production. I wouldn't mind buying at 5800 to 6000. I will go early and leave early, I don't want to waste time scouting for oil.

the best period she can get something reasonable is October upwards. the rise is usually a gradual thing.

[quote author=kisszhira post=79189591][/quote]October

zinazita:
please how do I waybill drums of palm oil from IMO to Lagos

9/11 from towers

mafyap:
Happy Sunday everyone
Please where can I get palm kernel nut at a very cheap rate and how is it packaged/measured. Is it a sack or 50kg etc. Please I need replies urgently.
Thanks

best bet is local mills for uncracked.

koonbey:
Thanks for all your great work too Sir.

I'll get pictures of the ones I have in stock from the person sourcing from me, but it's not hand-milled so I doubt it'll have the 'eggs'. It's really high quality though, from the little I've seen... and tasted

It seems I'll focus on Kogi for sourcing henceforth.

uwc MA.....
We'd be anticipating the pictures.

koonbey:
Price Update:

Kogi, Ookun area - 8500 for oil content only.

I should get the Ilorin,Kwara price later in the day and post here.

Edit

In Ilorin, 8000 for oil content only.

The thing though, is that Kogi oil is very high quality if you're getting from source. Since not much oil is produced in Ilorin, it's difficult to get from source and the oil is often low-quality or tampered with. So you have to shine your eyes.

thank you for the updates. this is what I expect from others too.
please update us with the price from your location.
In addition: Kogi oil mostly termed IGALA oil is usually expensive around the north. it is mostly hand milled and has thick uniform composition with some kind of balls called eggs. I currently don't have any picture, please help us if you have one. thank you

GreenArrow2:
Thanks a lot for your insight on this biz donparosky. Is 350k enough capital to take into this biz or does one need more? I stay in Benue and have been thinking of buying at Benue price and selling up north where the prices are a little higher.
Is the 1500 to 3000 Naira margin enough to cover transport/logistics and turn over a profit?
Are there ready buyers who can buy( let's say in Sokoto) immediately the goods get there?
Thanks again.

yes 350k is sizeable to start.
1500 can cover cost of kegs and transportation comfortably with change self lols
Best state in North : Jigawa, sokoto, Adamawa, and borno. forget Kano. it's hyped.
you can only do well there if u doing biz in excess of 1000 kegs upwards and the market is saturated

miriamchi:
pls how many 25 litres of palm oil makes one tonnage?

its usually a function of the density of your oil. ideally, it should be 40 of it but most coys accept 42-44kegs

ojaylyte:
am grateful good morning. thank you to everyone who offered to supply.
someone here wrapped the deal at 450 per keg with transportation.
am grateful



Please can this person also supply kegs to me In Lokoja � PS- I have both Palm Oil and Palm Kernel Oil in Lokoja, Kogi 9000 for Palm Oil including kegs and 10800 for Palm Kernel Oil

sure he can but due to what happened in Peeo thread, I don't do recommendations. just express interest and you'd get as much as you wish here.

donparosky:
Let me share this here and I'd be glad one of us gets to supply me.
I urgently need 5000 pieces of yellow 25litres delivered before Friday.
please simply quote your price per keg through whatsapp.

good morning. thank you to everyone who offered to supply.
someone here wrapped the deal at 450 per keg with transportation.
am grateful

Am waiting for response from the assignment I gave. I won't go further if people fail to respond

Adiahakiet:
So I took the risk and trusted donparosky for 200 kegs of palm oil.
It wasn't easy when he insisted on full payment but I did it without the consent of my hubby.
Yesterday my goods were delivered sound and top quality. I know I would have come here to also complain if I did not get it so in the same way am saying thank you Uncle donparosky for the good works. Now I believe they are good and trustworthy businessmen here. God bless you sir.

smiles......Thank you for your kind words. I sha knew you were scared. welcome to the family. God bless your hustles.

Let me share this here and I'd be glad one of us gets to supply me.
I urgently need 5000 pieces of yellow 25litres delivered before Friday.
please simply quote your price per keg through whatsapp.

popoolaRofiat:
Osun is between 7000 _ 7500
Weldone Don

thank you.
All prices is with kegs o.

salamiwasiu:
Osun is 7k

with kegs. Am just leaving Lagos Sir. I touched most of the locations there before posting.
in short second grades were slightly above 7k too. except without kegs

Lagos 10500
Akwa Ibom 6500
Enugu 7000
Abia (azumine) 6000
IMO 5500
Kaduna 9500
Kano 9000
illorin 9700-10k
osun *********7000 from salamwasiu /popoola
ogun 8k-8500(surprising but confirmed)
Jigawa 11k
That's few I've got this morning. please feel free to add yours.
Kogi 8500
Benue 9k

OK guys, how do you know bigger kegs. Thanks to everyone who contributed. everyone spoke well but the easiest way is counting the number of lines by the side. Now let me see who's smart here. check the lines on the kegs ihart posted and tell me the difference or bring out your empty kegs and count the number of lines by the sides. make sure you report your findings here lol.....
You can also use the handle gap as ihart said but you've got to be careful too.
Let's do the Lil homework guys

morning guys....... sorry been quite busy with productions for a Veg Oil firm since last month.
I want to reiterate that oil price updates is a responsibility of everyone on this thread. post your prices and questions and everyone could respond.
people who know me or have personally met me would testify to my tight schedules.
Moreso, thanks to everyone keeping the thread alive.
I opened this thread to bring dealers, producers, marketers together to rub minds and learn the art of palm oil biz.

ify2016:
That guy don change jare. He no dey update us again. Every time, the price update coming soon!!!

Lagos price is 10,000 while Enugu is 7000 without keg

there's a better way of always responding. you should have just updated the price and move. This is a thread for everyone. next time learn to be diplomatic

koonbey:
In Kogi, Mopa (the Yoruba part, not sure about the Igala part) specifically, it's being sold at 7500 - 8000 for oil content.

God bless you.
mbok this price stuff should be a collective thing. while you ask for price, drop the price from your location too.
Am still doing a compilation of the prices I have confirmed. I'd update the house soon

Good evening guys!!!
price updates shortly

ultron12345:
Good morning sir. God bless you for the work you're doing here, we really appreciate.

Please, I have some questions

Like how many kegs if oil can I get from mills in a Day? can I get up to 300

If I take kegs of oil to a big market like in Lagos or Abuja, like how many kegs can I conveniently sell in a day? Can I sell up to 300

How do I sell the oil at the market? Do I just park the truck there and buyers will come? Or I have to start shouting?

What about those market unions? How do I deal with them? Do you have any idea of how much they charge as described and dues per J5 of oil at the market (you can use any market you're familiar with as case study)

When people order oil, do they pay fully before delivery, cash on delivery or part payment on delivery? If I'm to collect any money after delivery, I'm thinking of getting a pos machine so the boys will carry it along and the customer will pay with it, I think it'll be safer than for them to be handling large amounts of cash. What do you think?

If I employ boys to help me with these business and they follow a chartered vehicle to deliver oil somewhere, will they follow the vehicle back or they'll have to enter transport

How do you recommend I compensate the boys? Salary or commission? Like how much do you recommend?

omo this your questions are much sha but I'd try to respond accordingly...
1. yes you can buy more than that in a day. Just ensure you visit mills/markets with large capacity. I always advise mills.

2. I assume you want to be selling per keg. it's very possible to sell more than 500kegs in a day at Abuja, Kano and Lagos but your selling price plays a big role.

3. Before moving oil to any market, ensure you probably make contacts or possibly visit to advertise your products with samples. do well to monitor the buying and selling capacity of the market.

4. You only join union when you want to have an outlet retailing in the market. it's just commission you pay maybe say 1k per J5 for just sale and leave

5. Pay on delivery gives comfort and flexibility
to customers but ensure you commit them so they don't end up disappearing when you arrive. it's personal experience lols

6.No

7. It's cool you pay per trip to boost morale or give bonuses on every trip. it's a good way of keeping them faithful and committed but strictly monitor the fares.

Hope I've answered all your questions.
God bless your hustles

mafyap:
Good morning everyone. I want to ask. How many 25 litre kegs of oil can someone get to buy from the villagers on a single market day. Can it be as much as 100 due to the fact that other people will be buying as well. Thanks

Any big market can give you that. However, don't buy oil from markets if you ain't experts. it's difficult for beginners.
endeavor to buy from mills with your own kegs. train your kegs yourself and buy only from mills..... word is enough for the wise.
God bless our hustles

atesunate16:
J5 between 100-130kegs


Cc donparosky

thanks Sir. exactly

mafyap:
Please how much does it cost to transport 25 kegs of oil to lagos from Uyo and what part of lagos do they go to. Also what is the means of transportation. Urgently needed. Thanks.

its officially 1k per keg but you can negotiate. it's safer u book for full load do it's dropped at your desired location

[quote author=yemex04 post=77784450][/quote]its not possible sir.
I worked as an ad hoc staff too. once APO1 who handles the card reader transmits total number of accredited voters (passes +failures) to the server, the presiding officer cannot manipulate anything. Your submission must tally.
this is a tough battle for APC because all results were officially transmitted to INEC server via e-collation using the card reader.
In short you cannot submit your manual results without first communicating the official results to INEC server

mafyap:
Please are all these prices for the contents only i.e. without the empty keg.

Akwa Ibom oil only. others Kegs inclusive

Akwa Ibom is 6800
Aba 7k
calabar 6500
Edo 7k
Kaduna 8800-9500
Kano 9k
Jigawa 10k
osun 7800
Lagos 9500-10k
Ondo 730-7500
illorin 9k -9500
Abuja 10k
Kogi 8500(igala oil)
Enugu 8k-9k
this few is confirmed. God bless our hustles

ikanason:
Pls can I have ur number I want to call u

signature

ikanason:
Good day all. Pls I want to start the palm oil business but I need someone that can put me through. I will be glad if I can get someone that will help me from here. My WhatsApp 07032902102

yiu welcome. I'd advice you go through the thread first. Digest the content and drop your questions.
God bless our hustles