₦airaland Forum

One of the most profitable business now is food storage business. It's one that requires patience

It simply means buying agricultural produce at their harvest season, when price is low, preserving and reselling during scarcity periods.

For as long as you're dealing with human foods, price would always go up.

In September 2023, a measure of groundnut in Nasarawa was #600/modu. Today, it's 1400

Egusi was 450 in August, it's now 900

Bambara nut was 700 in November, it's now 1300

Beans was 700 in December, it's now 1300, and so on.

Local rice was 900 in November, it's now 1500.

Buying at the appropriate time, ensures maximum profit.

I'm based in Nasarawa state, a land where farming is largely practiced. And this is a sure business you find the Alhajis and the rich doing.

davinchi101:
One of the most profitable business now is food storage business. It's one that requires patience

It simply means buying agricultural produce at their harvest season, when price is low, preserving and reselling during scarcity periods.

For as long as you're dealing with human foods, price would always go up.

In September 2023, a measure of groundnut in Nasarawa was #600/modu. Today, it's 1400

Egusi was 450 in August, it's now 900

Bambara nut was 700 in November, it's now 1300

Beans was 700 in December, it's now 1300, and so on.

Local rice was 900 in November, it's now 1500.

Buying at the appropriate time, ensures maximum profit.

I'm based in Nasarawa state, a land where farming is largely practiced. And this is a sure business you find the Alhajis and the rich doing.

you're absolutely right my brother, I survive with this in the north

Nackzy:
you're absolutely right my brother, I survive with this in the north

People are really cashing out from it.

Price of food must always go up due to many factors.

It's those that bought at harvest season that smile

We have a group for this business. We give updates on the right time to buy and sell these farm produce.

You may call or chat me up on 08144833301 or 08067939659

As we approach another farming season, kindly note that it's possible to make almost 100% of your capital without stepping into the farm.

Just position yourself to buy farm produce at harvest season from farmers, and preserve them against scarcity periods.

You're likely to make more profit than even the farmers. It's not a cliché that price of foods hardly remain the same in Nigeria. It would likely skyrocket

davinchi101:
As we approach another farming season, kindly note that it's possible to make almost 100% of your capital without stepping into the farm.

Just position yourself to buy farm produce at harvest season from farmers, and preserve them against scarcity periods.

You're likely to make more profit than even the farmers. It's not a cliché that price of foods hardly remain the same in Nigeria. It would likely skyrocket

What is the total cost to starting this business and all expenses involved for someone outside Nassarawa state.

TrennixGLOBAL:
What is the total cost to starting this business and all expenses involved for someone outside Nassarawa state.

Storage business doesn't have cost range. You invest based on your financial strength.

In September 2023, I invested about 170k into groundnut, and and by December, I was already in 60% profit, and today, I'm in over 100%. So imagine I've invested about 5m into it.

Some bought beans at 650-700 in December, and beans is now 1400. That's 100% profit already.

See ehn, for as long as you're dealing with human foods, you can't get it wrong.

We have a WhatsApp group where we strategies and discuss on this business.

WhatsApp me on 08144833301 to get added

Alright. Thanks for sharing

davinchi101:
Storage business doesn't have cost range. You invest based on your financial strength.

In September 2023, I invested about 170k into groundnut, and and by December, I was already in 60% profit, and today, I'm in over 100%. So imagine I've invested about 5m into it.

Some bought beans at 650-700 in December, and beans is now 1400. That's 100% profit already.

See ehn, for as long as you're dealing with human foods, you can't get it wrong.

We have a WhatsApp group where we strategies and discuss on this business.

WhatsApp me on 08144833301 to get added

Hmmm that's a very nice biz

Happy Sunday to all business persons

In early April, during the harvest season of locust beans, it was sold for #500/modu.

Today, it now sells for 700/modu. That's 40% increment already.

Food storage business is actually one of the surest Agribusiness with good ROI if properly carried out.

Groundnut is now 1800 per modu.

In September 2023, it was 600. Meaning if you bought 1000 modu then, it will only cost you 600k (600*1000)

If you want to resell the 1000 modu now, you'll resell for 1.8million (1800*1000)

Join our WhatsApp group 08144833301 or 08067939659

At this point in time, anyone who hadn't stored Egusi should just focus on the next cheap produce in market which are groundnut and corn.

As we speak, corn is 70k per 38 custard rubber, while groundnut is 150k for same bag.

The probability of their prices to further reduce can't be guaranteed.

So anyone interested in storing gnut and corn should start the procurement now.

You can join our WhatsApp platform: 08144833301

So in August, we bought Egusi at 70k per bag, today it's 90-95k

In September, we bought groundnut at 150k per 38painter bag. It's 200k today.

In October, we bought corn at 65k per bag, it's now 80k.

By December, we'll be looking forward to Beans, guinea corn, Bambara nut and millet.

Just try to invest in the farm produce, you'll be glad you did.

Join our Agro group on 08144833301

davinchi101:
So in August, we bought Egusi at 70k per bag, today it's 90-95k

In September, we bought groundnut at 150k per 38painter bag. It's 200k today.

In October, we bought corn at 65k per bag, it's now 80k.

By December, we'll be looking forward to Beans, guinea corn, Bambara nut and millet.

Just try to invest in the farm produce, you'll be glad you did.

Join our Agro group on 08144833301

How do you protect the stored grains from attacks by rodents and weevils?

NairalandAngel:
How do you protect the stored grains from attacks by rodents and weevils?

You use preservatives, depending on the grains you're dealing with.