₦airaland Forum

Gisthaphy:
You don't talk much during the day then at night you won't pick up. Biko stop it.

its well. you don't need to call me. am a busy person. just drop your message and I'd respond to them. I've been doing that. you may not understand the volume of calls and questions I receive everyday.
please also learn to be mannered. most times, I tend to ignore people like you

mafyap:
Hi people. Any update on the current price of palm oil?

soon I'd do that. still on supply trip. I'd be home before Sunday. I'd update the house

Oshiozee:
@donparosky.
For those going into storage,how do they get buyers when it's off peak..
Thank you

igs easier selling them. I actually made a mistake promising to sale off most of my clients oil and it backfired so let me just kuku keep quiet this year.
however, once you intend to do storage, make use of this thread and scout for big buyers around your location also.
the volume of buyers here alone can do the job but just add safety factor by meeting physical buyers too

Oshiozee:
@donparosky.
For those going into storage,how do they get buyers when it's off peak..
Thank you

igs easier selling them. I actually made a mistake promising to sale off most of my clients oil and it backfired so let me just kuku keep quiet this year.
however, once you intend to do storage, make use of this thread and scout for big buyers around your location also.
the volume of buyers here alone can do the job but just add safety factor by meeting physical buyers too

AgAgain:
Thanks donparosky for these answers, for your knowledge generosity and for this topic. God bless you.

uwc boss

ultron12345:
okay.Thank u sir. Please sir, don't be angry at my many questions oo, just trying to get some key info before going into this business

What is the average cost of kegs, for used and new. Do I need to buy used kegs or order new kegs from a plastic company.

What is the maximum amount of kegs a J5 van can carry

How much do they charge to transport per keg, maybe from the south (akwa ibon) to Lagos and abuja. Do I need to follow the vehicle to the north or I just give the driver and they deliver it.

What is the average profit margin per keg. (not storage, just buying in South where it's made and cheap and selling up north)

Thank u very much sir as I await ur reply. And once again, thank u for the good work you're doing here. may God bless u and ur family sir

ofcourse not.... am here for the questions.
1. kegs are 350 in Lagos and 700-800 Here in South. if u have transportation, buy from the west.

2. about 100-130 kegs

3 it's 800 per keg to Lagos or more. baba it's cool u follow your goods to avoid stories that touches the heart. I did same when starting

4. profit margin depends on you. some want high profit but say 500 -1k per keg

God bless our hustles

mafyap:
Please where are the best and cheapest places to source for oil in Akwa Ibom State and how do I get there from Benin City. I need the info asap as I need to go there tomorrow and return to Lagos on Friday. Please it's very very urgent. Thanks

almost all local governments in Akwa Ibom produces oil but don't visit Uyo, ikot ekpene as mills there are expensive.
try Etinan, Abak, Ukanafun, Essien Udim, Etim Ekpo and any place outside the towns

this morning some states sold 7k down south. am collecting data and would keep that house posted in a moment

Durodu:
You are too much. Thanks for the explanation. But my question now is if I'm going to mix the fruit would I make it 50/ 50 for better grace A oil and pls how much do u buy a bunch of agric now and how much is local?

And since I will be storing the oil it better not to ferments it then?

the mixing ratio depends on the viscosity you want your oil to have.
For storage, you don't bother much about FFA so it's cool you ferment a lil to improve yield.

you can read the thread to see more on mixing ratio from page 1.

bunches are sold based on size mostly or heaps. on average you look between 80 to 150 per bunch for agric or local

Ezegozie:
Can someone make 50k monthly profit from palmwoil with a capital of 500k via trading palmoil?

sure and sure and sure

mafyap:
Good morning all. Thanks for the good work you guys are doing. Please ihart and Donparosky, I need your WhatsApp lines asap. I want to go into palm oil business and there's some info I need to get from you guys. Thanks I appreciate.

whatsapp and call contacts on my signature below.
God bless your hustles

ultron12345:
Thank you so much sir.

The first question was What price do the companies sell a tanker of palm oil?

it varies and are usually more expensive than what is obtainable outside.
most times the price is dependent on the specifications of the buyer. most importantly include the FFA value and other parameters which the buyer wants his oil to contain.
simply give them your specs and theyd quote the price for you

ultron12345:
Goodday Donparosky, ihart and everyone here. Thanks for the good work you're all doing here.

Please, can someone help me with the price of a tanker of palm oil from big producers like presco and okomu?

How many liters make a tanker?

And is their oil quality good like that of the local mills?

Thanks as I await your reply.

your first question isn't very clear sir. is it the price the companies buy per tanker or the price of palm oil per tanker or the price of hiring an empty tanker.
Second question: tankers are of different sizes but the common one you need 33000 litres to fill a tanker.
third question, yeah and sometimes better. they buy using FFA, MOISTURE, IMPURITIES etc

kisszhira:
Any new price update

yeah tomorrow by God's grace.
they've been slight changes in price this new month

Durodu:
I'm new in this but I know my nairalanders will put me through. I'm going to source for oil palm fruits. Pls tell me what breed should I get for good grade A oil or grade 1.. Is it only agric or can I add some local also ? If I can add local,then how many bunch of local I need to add to one keg.

Other question, how much do u buy agric now and how much is local?. GOD fearing and good minded people on here I wait your answers.

Thanks

you are welcome to the thread.
First question, you can mill only agric fruits but it won't give you high olein proportions so it's usually great you mix it.
On average, depending on the size and yield, about 18 to 23 bunches would give you 25litres of palm oil at first mill.
Although most people try to ferment the fruits before milling to improve yield, it poses a problem of high FFA after production.
so the trick is actually dependent on what you want like moisture, impurities etc.
All d best in your hustles

kisszhira:
In my place,we sell in bunches,like you gather them together and negotiate,no standard of measurement... I dont know if you have a standard you use to measure it??

its mostly sold in per bunch or heap and size. the breed and yield comes first. also how secured and accessible is the Area

kisszhira:
I have a very big palm plantation somehere in between the boundary of Ebonyi and Benue. I have a vehicle i can use to bring it out to Ebonyi but i don't know how far you can go to buy palm fruits. Also,i dont know how you guys buy anyway... Probably i can be supplying to you if you can reach that side...

whats the breed. what's more important to me is the yield.

iHart:
I am in Orlu presently. I was in two oil mills yesterday evening at Njaba, I also went to Awo. This morning i have been to an oil mill in Orlu. I will leave this evening. Price is in all the oil mills is #6000. I am taking order of 40gallons before weekend in Isuikwuato, price is #6000. The oils are from the mill. The price is without the gallon oh. Oil from the mill is fresh oil!!! They are for my personal use.

You don't make calls to get price, whoever you call will want to add his own money on top. Visit the mills yourself. Even if you call me, I will add mine.

very correct. I buy fruits from mbaise, orlu and other areas in that region. I did not call to buy sir. we buy fruits and process them.

iHart:
Price at the oil mill

Orlu LGA and Njaba LGA IMO State = #6000
Isuikwuato Abia State = #6000

The prices are without the gallons.

i was around that vicinity for fruits recently. mbaise and some parts of orlu precisely. the least price was 6500 for yellow 25 litres.
This morning again I spoke with someone from Azumine around Abia state and it's 6500 boss.
All this prices are for first grade oil.
Are your prices for first or second grade oil

kisszhira:
Has it dropped down to N6000/N5500 in Akwaibom ??

laye even thick villages that were giving for 6500 before na wahala now.

good morning, prices of oil won't drop less than 500 from what is obtainable now. don't allow April to pass you by...... it's d best for purchases.
this isn't about business, it's the truth and Las las remember to thank me afterwards

is this stuff real. I discouraged my kid sis.
at least I'd have allowed her. Las last the financial responsibility for don reduce for my head. anyhow sha, my people make una come buy palm oil jarei.....

Durodu:
What about ondo price?

not verified. please update us if you can. I only post authenticated prices

so just like joke, some people want to kill me with meat in Kano....... oga sani et al....... sosongo. nagode.
Abuja/ Kaduna next bus stop.

t5sindigenous:
Pls does this prices include transport and keg too. Am.new trying to understand

the prices up there are the current price obtainable at the various locations.
it's not what we sell mbok. it's what is sold in those locations.
welcome to the thread and God bless your hustles

iHart:
OK,

...but is it this price that someone who wants to go into storage will buy?

i think the best place to buy for those who want to store should be from mills and producers.
marketers would always want to add their profit. I saw a lil of that today in dutse. what I supplied was sold with additional 1k .

iHart:
are these price what they sell in the village/bush market or is it price from oil dealers?

market prices

donparosky:
Price updates:
Akwa Ibom 6500-7500
Lagos 9000-10000
Kano 10000
Kaduna 10k
illorin 9800-10k
onitsha 9k
cross river 6k
Aba 8500
port Harcourt 9k
oyo 9500-10k
Abuja 10k
Edo 7k-7500
Jigawa 10k-10500 currently here
Jos 9500
Benue 9k
Kogi 8500-9k (igala oil)
this is the few I can authenticate. God bless our hustles

kano clients, I'd be leaving Jigawa tonight, you can book a meeting. Just ensure we have pepper soup lol......
kindly add price from your location let's compare. God bless our hustles

Price updates:
Akwa Ibom 6500-7500
Lagos 9000-10000
Kano 10000
Kaduna 10k
illorin 9800-10k
onitsha 9k
cross river 6k
Aba 8500
port Harcourt 9k
oyo 9500-10k
Abuja 10k
Edo 7k-7500
Jigawa 10k-10500 currently here
Jos 9500
Benue 9k
Kogi 8500-9k (igala oil)
this is the few I can authenticate. God bless our hustles

https://www.nairaland.com/5086318/cbn-eyes-10b-revenue-palm?_e_pi_=7%2CPAGE_ID10%2C3213886009
palm oil is the next big thing..... let's take the risk

donparosky:
my dear it's been a very busy period for me. sometimes I sleep, eat and live On the roads..... lol.
Am sorry bout the updates, I'd do that unfailingly every week starting from today.
am currently enroute Jigawa. once I arrive, I'd update d house

literally I don't joke with months of March to April

Uyaigee:
Please does any one know where I can get Palm oil tankers(30,000L) in AkwaIbom?

Don Parosky, your line is not available.
Mewongo and Peeo, kindly respond. Thank you

most tankers in Akwa Ibom do PMS. the last I used was from Aba. you can also check Onitsha