₦airaland Forum

gurujoe:
I bought 3 bags of yellow maize @ #13.5k/bag day before yesterday remaining 7 bags more because I want it to be10 bags each.

Guinea corn red @ #14k/bag bought 9 bags remaining 1 bag

Beans still looking for good price

Preservative #500 each

Excellent job. Pretty soon, you'll be storing 10 tons and above. I also think you got fantastic entry prices for those products.

Which location are you based or storing please?

2011HajjWeber:
Oga Ola, which products can be store now,buying prices and when to exit and exit prices. Thanks for your support on this forum.

Guinea corn, beans majorly. Rice and Soya if you want to experiment

Guinea corn btw 220-250/modu currently, started at 150/modu but still has room for growth at the current price

Beans is between 350-400/modu currently, started at 250/modu.

Exit anytime after june for good profit . You can always exit earlier if prices are favorable

gurujoe:
Who knows the current price of guinea corn? Somebody is giving me at#13,000/100kg

@13k for 100kg, it's fair. Is it white?

100kg red is currently 17k in lagos

eximtrade15:
Hello Boss,
I appreciate how you have been sharing knowledge. I have few questions:
* You stated that it's best to store commodities where you buy to save costs on logistics. Does it mean that the same people who you buy commodities from also have storage facilities where you can store you goods, or are there other people who specilise in warehousing?
* If I store where I buy, who handles the preservation and security of my goods where they are kept?

Hi. In most large markets, storage is available though cost of purchase may be higher than in smaller markets or direct purchase from farmers.

Alternative warehouses are also available where communal issues are often.

Depending on your location of purchase, you will always get people who will preserve and provide security at a cost.

In all these, your main focus is getting someone who has integrity otherwise your goods can miraculously disappear,get stolen or rebagged.

I am yet to be convinced of the purpose of a whatsapp group currently. If and when it is right, we may set up one or two strictly for investors who have come together for similar objectives.

This platform has a wider reach and has albeit in a limited way, served it's purpose. All those who indicate interest though, i will add up on whatsapp for future reference.

Dvoice123:
I have 7 tons of soya beans in lafia...any interested buyer

Price per kg please. You can pchat

henrimoto:
@mr. ola. What variety of yam is that... is it 'paper' yam, or "Ada onisha" yam (Danisha)?

Majorly "Amee" and a few "Maikakusa".

"Paper" is more expensive and has a longer shelf life so i intend to purchase those last for storage.

These are strictly for retail in the Lagos market, very good for " poundi" or "sokora".

soterslove:
Can you please help with pix of commodity and bag size. Need yo confirm variety

Thanks

@ OP
Dry chilli is now 11,500 ~13k per bag

depending on variety.

Same bag size that is used in bagging

beans~bagco or jamilu.

Pix is Jamilu sack size
Pepper currently 30k for that size and 22k for bagco

Yam prices between 18- 25k for each 100 pieces. Laada @ N500 for each 100 pieces.

Minimum order for alternative location is 2000-4000 pieces so one can pick a 7-10 tonnes vehicle which will move the yams directly to your location. Anything lower than the minimum order may lead to higher logistics cost for individual purchases.

Individuals from similar location may also form a group to make up the minimum quantity needed. Purchases can however be made to beat the surge though goods can't be moved until the minimum quantity is reached.

You may need to indicate whether you are storing or buying to sell immediately as that influences variety to be purchased.

Please note that larger yams will occupy more space hence the wide margin of 2000-4000 tubers.

Olayimikami:
As earlier indicated,i will be delivering yams to lagos so intending clients do not necessarily need to come up north.

As a followup to that, i am currently in lagos setting up the modalities for it's workability.

I will also take out time to meet investors who had earlier indicated interest in the agro value chain but distance was a constraint.

Hopefully i will be in for the next one week in order to setup the current location and delibrate on alternative locations.

Orders for yam will be taken from second week in december and deliveries will only be initiated from 1st week in january.

Current location is in the Ejigbo-Isolo axis

As they say in lagos, eko o ni baje......

Purchased my first batch of yams this week. Prices obviously higher than last years but still sellable at a fair margin. Bought 1000 tubers already and will be picking some more on sunday at another local market.

Logistics has been a challenge but i will continue buying to beat the price surge which may occur soon from influx of warri buyers.

Interested parties can contact Maya (+234 818 564 8505) on whatsapp only please or myself for orders (strictly lagos) for direct supply. I will also be in Lagos briefly sometime next week.

Like i initially indicated, ejigbo will be our main distribution hub while we already have interest from contacts in setting up a magodo & agege cluster.

Tyche:
Great Job Op

Thanks

Homoviator:
Oga Ola, please can I get your WhatsApp contact, mine is 08136874510.

Oga Homoviator, will add you

gifted21:
Good grade that can be stored.
The first batch l got turned black after 2 weeks.
Location is Port. Harcourt.
Where are you sourcing from?
How much is tp?
What can be added for preservation?
Thanks for the quick response

Maize turned black? That's strange.
Sourced from Nasarawa and Plateau. Taraba is also good now.
TP from abj is btw N500- N4000 depending on which location you pick. The further you go though, the cheaper it is. Better to store where you buy to save cost on logistics.

You can use zinc phosphate capsules or alternative for preservation

gifted21:
Nice post
How much for maize now?
Bagco bag.

12500-13500 depending on grade

GROUNDNUTS
Currently trading at 380/modu, thats 38k a bag in most markets, 45k-50k in Nasarawa as at last week. The margins here are beautiful but always remember that modu conversion differ. If prices are too low to believe, confirm the modu size. The only accurate measurement is the per kg comparism.

I have however found pleasure in trading this commodity in the last one month. I actually sleep better knowing the prices will rise the following week as demand outweighs supply in my locality

Note that there are about 3 varieties and knowledge of the preference in your locality is key. Some contain more oil than others and are better priced.

Enough said. If i say it all, who would pay me for consultancy.....

SOYA
King Soya has also done well, trading @ 100/kg prior to the yuletide but closing in on 130/kg now. Most warehouses are full but demand for it is simply "crazy". I hitherto only had a market for this in feedmills but can conveniently channel to exporters now.

For those who have ample time and want to invest in this, you can pm or indicate interest and we can go "bush ministration" together.

While i really would love for partnership on this commodity, it requires commitment and manpower to source for it from multiple markets so availability is absolutely necessary

Note that at the current price of soya, it may be better to supply than warehouse. Alternatively, funds can be applied 50:50

MAIZE
Maize has done excellently well, if you didn't buy or you haven't; please feel free to join the train now. It still stands out to me as one of the best buys of last year. I have a feeling it may hit 200/kg with the way its going and only just committed to buying more. If you experience challenges with sales, feel free to buzz and i will get you a buyer.

For the adventurous mind, one can still come onboard for marginal gains provided near zero cost of logistics is incurred in storing it

Please note that for either of the partnership, presence at the meeting is required prior to investing.

My numbers are active again and once a list is compiled, a date can be fixed for harmonisation of the project(s) and to set targets to meet our goals.

Meeting can be in any of Lagos, Ilorin, Abuja, Nasarawa, Kano or Benin

I will be buying early this year and intend to form a cluster group for the purchase. Those who are interested and want to partner on this can reach me so we can hold a meeting where certain parameters can be agreed upon for this year's project.

The target is to get a maximum of 400 bags which can be sold as is or peeled and sold. Entry period for this is still July/August but planning starts now so tasks can be assigned and sales strategy harmonised.

I have often noted though that while the unpeeled egusi storage has capacity for good ROI, what determines real price growth is the peeled egusi and this has potential for continual turnover unlike the unpeeled. The unpeeled operates more on speculative pricing

For those who have capacity for supply of peeled egusi within their market domain and are already existing members of their market association, we can partner to satisfy such request on a weekly or monthly basis.

Reviewing last year
I had presumed someone else was going to bell the cat but since we have none yet, will lead the way.

This should have come earlier in the year but better late than never

EGUSI
Performed poorly and below expectation especially for mid range entrants. Didn't make the climb beyond 35k and has been stuck between 28-30k for a while.

Based on it's performance, i am reviewing the entry price for this year to 14k-20k. Any price above that is a no no for storage. I will also implore those who intend to buy to sell at the first price surge.

Security Issues.
Be security Concious:- A prospective buyer just got duped some days ago out of curiousity and perceived "greed". He attempted accessing some markets alone without adequate information.

It's not just sufficient enough to know a location but to understand the dynamics of the environment. Regardless of how much of the local language you understand, always thread carefully.

Always try to break the ice using an indigene, it always help set the climate for effective business association.

I have often had to go with 3 or 4 people to access new markets and for large purchases in unfamiliar territories.

While most transactions are cash based, always hold limited cash in the first and second instance. You can always have a friend close by who you can call if you need more cash.

Babacele:
Pavore9, I'm not pleased by the way you folks are handling this issue. This is a clear case of fraud, and it is the responsibility of a Mod to furnish us with better assurances that our businesses on NL are save.
I mean all the info about this david guy ( his IP address, phone numbers , friends, bank accnt/ : thank God for BVN etc) . NL is a community and I'm sure it has a security department.

It's not as easy as it seems. The best bet will be to get a police report so his accounts are kept on PND. His lines and last known physical address can then be accessed.

With no pix, even if i pass by him everyday on the field, i wouldn't know.

I had hitherto made comments and passed my assertions as regards @dav8id, but i guess most people overlooked my subtle remarks.

Don't always be moved by paper profit, agro biz is way different from MMM, and except you are on your toes cause of the dynamic nature, profit isn't always assured.

soterslove:
Can you please help with pix of commodity and bag size. Need yo confirm variety

Thanks

@ OP
Dry chilli is now 11,500 ~13k per bag

depending on variety.

Same bag size that is used in bagging

beans~bagco or jamilu.

.

Bagco is smaller than Jamilu bag, bagco is size 28 while jamilu is size 32

Apologies please. Reachable now and will be till monday when i may go for another "bush ministration" for commodities.

Will reach you tomorrow unfailingly

@dav8id has been called out for fraud, so i expect you to be extremely careful in your dealings.

Please refer to link below

https://www.nairaland.com/3535272/dav8id-should-release-egusi-bags

Pavore9:
Will do that.

Thanks

It's a new year, budding with new opportunities. We had more of a sinusoidal pricing last year mostly defying the pricing norm.

However i believe some of us were able to make marginally profit in most of the commodities stored or transacted on.

I believe it is at this period of entry into the new year that reviews of pricing and timing of exit should be done to effectively maximise profit.

Goals ought to be set and milestones noted. Our target is to ultimately make profit and with the dynamism of the market, adaptability is key.

Let's all review our assessment of the agro commodity last year, indicating our strengths and weaknesses which gives birth to opportunities and threats.

We are all evolving masters of this game now so i expect a brainstorming session that translates to growth.

@pavore9, i will crave your indulgence to restore the egusi thread and close it with a link to this thread.

That way, we can create more awareness as most of those that may be affected only follow that thread.

I expect those that have reached out to me in private to speak out now. It's better to fight a collective battle

https://www.nairaland.com/3535272/dav8id-should-release-egusi-bags

I am compelled to bring this to your notice having commented for a while on the said thread created by @davi8d

Just seeing this and i am compelled to respond having commented on his egusi thread for a while.

I also clearly need to make a disclaimer here, i do not know nor have i met @davi8d before neither have i transacted business on his behalf.

I decided to freely give price update of egusi on a weekly basis and kept it as long as i could for which i have suffered persecution by agents. I have also continually given advice in private to those who bought regardless of whether it was bought through me or not.

It is sad this has happened and it absolutely contradicts everthing i stand for.

I am resident in keffi, met with a couple of nairalanders and have enjoyed the priviledge of facilitating purchases without hassles.

Please feel free to buzz if you require any assistance

Will post links of this thread on pages i have created for ease of reference.

henrimoto:
Happy New Year Mr. Ola. May the best part of 2017 never pass us by.

Amen

With the current price of dried ginger, by the end of January, the price will get to #30k.

That's what i said about melon but it didn't come to pass. Will get to 30k easily but probably by march.

Some commodities will experience slow growth as cash inflow thins in January

henrimoto:
Good morning. Compliments of the season to you Sir. Welldone Sir.

What is the current price Dried Split Ginger Bag now?

I heard the price has increased.

22-25k