₦airaland Forum

Richiez:
Donparosky the tested and trusted palm oil dealer...this is a nice thread... Good meeting point for genuine palm oil dealers and newbies.

awwww
oga MI!!!!!
Thanks for the compliments. slow but steady we moving.
please feel free to make contributions and remember us in your prayers.
God bless our hustles

OLATUNDE1122:
Hello am tunde a farmer i want to go into palm oil business. .

What is the cost price or whole sales price of 25 litres palm oil in osun,ondo and benin?

How many 25 litres is in a drum?

What is the present whole sales price of the 25 litres yellow keg used for the palm oil?

What is the present price of transporting each 25 litres keg from osun,ondo benin to lagos?

And what is the price for loading and offloading?

And what is the current price of each 25 litres keg in mile2 or other palm oil selling market in lagos?


Will appreciate if the questions are answered as stated
Thank you

chai
oga this questions no be here o, lol.... anyhow sha make I attempt them small small
oil is 8000-8500 in osun and ondo state presently. it's bout 8500-9k in benin

8 of 25 litres makes a blue drum of oil(200litres)

the wholesale price depends on location, Abuja, kaduna, and Lagos tops the list of good buyers
transportation is 500-1000 per keg to lagos from stated location. it's good to use a chattered vehicle (full load)

the selling price in Lagos is a function of grade, first grade is 10500, second grade is 9k to 10k
hope I've answered almost all, please lemme know if any of your questions is not attended to.
God bless our hustles

Payper:
nice one Donparosky, this will be very educating and insightful for newbies like us. I started palm oil supply to market women around my locality, my major challenge is the union guys. They asked us to not supply oil if we are not ready to join them. Their registeration procedures will cost us about 70k, money that is not available currently, besides if i had it i will channel it into expanding my business. Please i need advise on what next to do from more experienced folks in the house

hmmmm
this union thing dealt with me too in my early days.....
well you should look at the long term benefits, if you intend to do this business for a long time, then it's necessary to join the union since it gives you freedom to do your business without restrictions. most times if a difficult client around your location owes you, the union usually helps to retrieve your money. moreover, sometimes you may need to meet the chairman and negotiate an installmental payments for the registration. it's acceptable for newbies.
on the contrary, if the market isn't robust and the patronage is low, it's better you change location.. lols
just scout for better environments where you can freely do ur hustles without restrictions cos most union like the one I joined in my early days, almost killed my destiny...
weigh the options and make your choice bro
God bless your hustles

price updates this morning : Akwa ibom is 8300-8500
kaduna is 10800
Kano is 10400
Zaria is 11k
Lagos is 10500
feel free to add yours
God bless our hustles

uboma:
Good initiative.


I will be following with keen interest.

thanks boss!!!
we can always count on you!!

cc: pavore9, farmtech,
uboma, sanod, classictutor, Tublez, menwongo, udysweet, preciousseed, maasoap, Etiumoh, etal

hello guys,
in response to calls and texts from nairalnders, I have decided to open this thread!!!
N/B: this thread is exclusively for GENUINE and sincere palm oil dealers and those interested in learning the pros and cons of the business.
Moreso, oil prices from different parts of the country will be updated here on regular basis.
Feel free to ask questions on palm oil.
let's get started.......

sanod:
it has bn removed.

hmmmm
it's well and really well

Preciousseed:
@Donparosky, what could be your reasons for anticipating better price during the easter period? I'm just curious.

its a usual trend for some years now. most times the locals sell their oil very cheap in trying to access cash since the banks are usually closed by then.
Anyways, from childhood, that's how It has been and could be!!!
N/b: it's just my feelings!! just decide on what you want and take the risk.....
God bless our hustles

the sudden rise in price is completely inexplicable!!! me self confuse like this but I sha hope say no be cos of the rumoured ban on oil importation...
those intending to hoard should be looking around the Easter period. the price will be a bit fair then.
meanwhile, to those clients finding it difficult to pay before we deliver, http://www.forexcrow.com is here to help. it operates just like eBay. check it out, I've personally met with the brain behind the idea and I can guarantee your cash is secured.
more details to come shortly!!!
God bless our hustles

Good day everyone!!!
sincere apologies to those i couldn't pick up their calls, it's been a very hectic week for us but we thank God.
back to price update................
it's #8500 today in Akwa Ibom first grade
Zaria is 11k
kaduna is 10800
kano is 10500
Abuja is 11-11500

I was supposed to be in Lagos this week but my schedules are really tight. Hope to be there by next week am hearing 10500 ......please lagosians confirm the price mbok
God bless our hustles

maasoap:
We sold our oil in Abuja around that period between N9,000, N9500 and N10,000. We just tried to sell it before the new oil flood then market. Those market women prefer the imported oil, not minding them quality as long as the price is cheaper.
N8,000 now in Osun, Osogbo. Down from N9,000.

the price is kicking gradually sir, the only period one can comfortably buy oil at a fair price is during this Easter celebration

menwongo:
Since the day senators deliberated on stoping palm oil importation...empty kegs from north arrived in thousands

the power of social media sha
we praying it all works together for our own good

menwongo:
Oga Na Oga!
Me don lost this year predictions

To even see better fruit buy Na wahala

lol am telling you!!! fruits are scarce and the yield is poor!!

Preciousseed:
I think there might be an alteration in the palm oil calendar this year going by some obvious reasons such as the rains coming early and price being highly unstable. Fingers crossed.

yeah
seasons are changing
weather is changing
fruits are scarce
yield is poor
it's really going to be an interesting year and everyone should trade smartly and avoid greed!!! hoping to see all the faithful dealers and hustlers making it big time.
God bless our hustles

yugee4ambyngoddy:
thanks a lot

uwc boss

menwongo pls come and tell us what's happening in Akwa Ibom o
oil price just jumped to 8k like this....
Are we safe, any hope of dropping again.

live from Kaduna :
First grade oil is 10500 at sabo
second grade is 9800
Malaysian oil is 9000
some places in Goni Gora and kafanchang sells as high as 11500
please update us from your ends

udysweet:
Lagos price is not so correct though, I have information of people buying 9000 or 9500 because it's also a dumpling ground for a lot of people bringing in from different angles too. One of the most competitive states for oil

The price for Lagos is 10000-10500 for first grade oil, however just like its happening up north, influx of second grade oil makes it hard for first grade sellers to sleep well��.
God bless our hustles

price updates :
Lagos : 10000-10500
kaduna: 9500-10000
kano: 9500( Malaysian oil is killing d market)
Akwa ibom: 7500
zamfara : 10500
Abuja : 10500-11000
Jos: 9000-9500
more updates coming shortly

yugee4ambyngoddy:
please just keep us upto date on the price.

this got long cos of rumours and fruit scarcity, as at last week oil dropped to 6500 per keg but suddenly rose again to #7500 this morning. It may not drop any further but anything can happen. it's bout risk, to those who can and are ready, you can take d risk. God bless our hustles

prices keeps dropping, hoping it hits d bottom as it used to be.... price updates shortly

yugee4ambyngoddy:
Senate Seeks Ban On Importation Of Palm Oil Into Nigeria by OrientDailyNews: 1:29pm
The Senate on Tuesday in Abuja urged the Federal Government to ban importation of palm oil into the country in order to protect local production as well as encourage farmers.
This followed the unanimous adoption of a motion entitled: “Urgent Need to Halt the Importation of Palm Oil and its Allied Products to Protect Palm Oil Industry in Nigeria.’’
In a lead debate, the sponsor of the motion, Sen. Francis Alimikhena (Edo-APC), decried importation of palm produce into the country.
Alimikhena expressed concern that importation of palm kernel and allied palm products are threats to Federal Government’s campaign on diversification of the economy through increased agricultural production and exports.
He said that Nigeria imported about 450, 000 tonnes of palm oil to the tune of N116.3 billion in 2017.
“Nigeria was the world leading producer of palm oil at independence, but unfortunately, Indonesia and Malaysia have overtaken us and we are now importing palm oil.
“Malaysia which is widely believed to have collected its first seedlings from Nigeria some decades ago, is now exporting palm oil products to us.
“The government must reverse this trend with copious investments in the local palm industry and the protection of local producers from unnecessary imports,’’ Alimikhena said.
While acknowledging that Nigeria is endowed with the land and manpower to boost palm oil production, the lawmaker emphasised that the focus should be directed toward returning to pre-independence status in palm oil production.
“We have no business importing palm kernel or any oil palm product from any country.
“At independence, agriculture was the mainstay of Nigeria’s economy. More than 70 per cent of the population was engaged in agriculture.
“Apart from various food crops produced in the country, Nigeria was a major producer of palm oil/kernel, cocoa, groundnut and rubber.
“But following the discovery of crude oil in commercial quantity in the 70s, agriculture was neglected,’’ Alimikhena said.
He added that the importation of the product was harming the local palm industry and depleting foreign reserve.
“This is also threatening the viability of the industry into which many Nigerians have sunk huge sums of money in support of the government’s export promotion drive.
“If the palm industry is fully developed, it will guarantee mass employment and boost our foreign exchange earnings,’’ he added.
Contributing, Sen. Theodore Orji (Abia-PDP) said there was need to establish a special fund to encourage local production of palm oil in the country.
He also expressed concern that many oil production plants in the country were moribund.
According to Orji, palm oil used to be a major income earner for the country, but unfortunately many plants are dead.
On his part, Sen. Jibrin Barau(Kano-APC) called for introduction of policies that would be targeted at encouraging local production of cash crops.
Sen. Rabiu Kwankwaso (Kano-APC) also urged the Federal Government to ban importation of cash crops that can be produced locally.
“Also there is need for the Committee on Agriculture and Rural Development to invite the Nigerian Institute for Oil Palm Research (NIFOR) on why it has failed to deliver on its mandate,’’ Kwankwaso said.
In his remarks, the Deputy Senate President, Ike Ekweremadu, said that the importance of reviving the country’s palm oil industry cannot be overemphasised.
“There is need for this sector to be properly positioned to play its role as one of the major income earners for the country.
“When the palm oil sector is revived, it will boost employment,’’ Ekweremadu said. (NAN)

thanks for sharing! read it somewhere and am praying it sees d light of d day....

price updates: osun is #8000
Akwa Ibom is #7500
Abia and Enugu #8000
Lagos#10000-11500
Abuja is 11500
kaduna is 10500
Kano is10200
Zaria #10500
all price are for 25litres kegs

If you can supply empty kegs(25litres) to uyo Akwa Ibom at #600 all cost, do chat me up.

yugee4ambyngoddy:
pls donporsky is there a WhatsApp group for this thread.

non sir
if it's neccesary one will be created but am afraid it's needless for now. Just drop ur questions and it will be attended to.

hello guys, anyone that can supply 100pieces of empty 25 yellow keg to uyo akwa ibom should chat me up.

vickyjohn:
at donparosky thanks for your patience. I got them this morning. the oil is good and am happy you are doing your thing special. please keep the quality and please and please and please don't take too much that you cannot do ehhh. keep doing your thing oga mi

amen
thank you for patronising us.

Sparkles003:
Happy new year house.thanks to donparosky and peeo for last year God used your individual threads to guide me to business and it has great since then.God bless you all.
Happy new year to each and everyone of us.
Please you guys should drop ideas of how to get more buyers.mbok

God bless you too. glad your biz is growing...... best wishes dear

thanks at realityshot and uboma

to all our esteem customers, followers, contributors and advisers we want to say thank you.
you've been the reason we are here. thanks so much for your patronage, contributions and support.
To those following silently, please turn a new leaf this year mbok.... lol
admist all, 2018 is sure gonna be a year of Victory for all of us.
work hard in silence and let success be the noise maker. happy new year to all of us.
God bless our hustles

merry Christmas to everyone here
wishing you a joyous and prosperous 2018 ahead
at realityshot there's a machine for cracking sir