Have been observing people posting extra ordinary price of palm oil in Akwa Ibom State's mill, hence I created this topic.

This post is not for advertising but to tell people the current price of palm oil in the state so as to help them know how much to pay for a keg (25 liters). As we have more than 30 customers in our mills calling and pleading with us to sell oil to them.

My advice to those buying oil to sell or do waybill; why not tell your customs the real price (true price), and your commission if they want you to buy oil for them than give exorbitant prices. (They customers shouldn't expect you to buy and send oil to them without paying for commission!)

I will try to be updating this post weekly or daily.

Today's price
One kegs goes for #9,000 - #9,500.

Bulk customers buy one keg at #8,000 - 8,500. (this customer gave use money to buy palm fruit, hence they buy cheaper)

menwongo:
Today's price
One kegs goes for #9,000 - #9,500.

Bulk customers buy one keg at #8,000 - 8,500. (this customer gave use money to buy palm fruit, hence they buy cheaper)

how many litre is a keg?

menwongo:
Today's price
One kegs goes for #9,000 - #9,500.

Bulk customers buy one keg at #8,000 - 8,500. (this customer gave use money to buy palm fruit, hence they buy cheaper)

please post ur number here or call me true 08149598455, I will like to talk to u.

Hezbola:
how many litre is a keg?

25 liters

Sunnysteve009:
please post ur number here or call me true 08149598455, I will like to talk to u.

My number is 08023018266 or 07064674174.

N/B. I don't have oil today as people have booked today's own.

menwongo:
Today's price
One kegs goes for #9,000 - #9,500.

Bulk customers buy one keg at #8,000 - 8,500. (this customer gave use money to buy palm fruit, hence they buy cheaper)

Menwongo. Thanks for putting up this thread. How many kegs wll qualify one as a bulk customer? Are you on what's App is yes drop number please?

Regards,

jikings

ok

jikings:


Menwongo. Thanks for putting up this thread. How many kegs wll qualify one as a bulk customer? Are you on what's App is yes drop number please?

Regards,

jikings

Bulk customers buy from 30 - 50 kegs.
Most of customers give advance payment to millers so as to enable them pay workers.
Hence they will buy very cheap.

But as a new comer you are not advice to give advance. Instead you add like #100 to the price bulk customers are buying.

jikings:


Menwongo. Thanks for putting up this thread. How many kegs wll qualify one as a bulk customer? Are you on what's App is yes drop number please?

Regards,

jikings

Whatsapp number: 07064674174

menwongo:
Today's price
One kegs goes for #9,000 - #9,500.

Bulk customers buy one keg at #8,000 - 8,500. (this customer gave use money to buy palm fruit, hence they buy cheaper)

Today's price: One keg #9,000

Following

Today's price: 10,000 to #10,500

menwongo:
Today's price: 10,000 to #10,500

This increment is caused as a result of lack of palm fruit.
People that have palm fruit now are individuals that own their personal Farm.
Once villages chiefs give orders for harvest of palm fruit; price will come down. (Hopefully)

menwongo:


This increment is caused as a result of lack of palm fruit.
People that have palm fruit now are individuals that own their personal Farm.
Once villages chiefs give orders for harvest of palm fruit; price will come down. (Hopefully)

And when do we expect this to happen?

mrsage:


And when do we expect this to happen?

Trust me I will keep you people posted and informed.

From 2nd week of Match price will fall a bit.

Even though you don't buy from me, I will keep my promise because you are still buying from my State (my reason to be doing this).

I want my state to be palm oil destination!
Thank you.

If anyone tell you his or her palm oil is #9,000 or #9,500 check the quality very well.

Cooking oil is #10,000 to #10,500.

To the guy that called yesterday, asking if am for real.

Visit my village (MBIAYA URUAN) when ever you are in Akwa Ibom State.

menwongo:
To the guy that called yesterday, asking if am for real.

Visit my village (MBIAYA URUAN) when ever you are in Akwa Ibom State.

Pls be cautious how u display your private details online.

Seems there is no hope for folks that wish to buy single.

Hezbola:
Pls be cautious how u display your private details online.

Thanks you for the advice.

Well all the same, I have no thing to fear.
I believe in what I do to other, someone will do same to me. If I use someone personal data for bad motives, God will allow people to use mine too.


All in all, I don't receive cash in hand. The guy I directed to our mill, after inspection, went to pay into my account so as to avoid issues.

Hezbola:
Seems there is no hope for folks that wish to buy single.

There is still hope. It depends on your business orientation.

I know one girl in Port Harcourt; she started with one keg (25 liters).

The keg is not really 25 liters, it's 30 liters.
It contains 37 to 40 bottles of 75cl Eva Water.

Back to the girl.
She will go around picking use 75cl Eva Water bottle, washed and dry them.
She will fill it with oil and supply to market women.
If selling price is #300 she will supply them #250.

She told me she use to make #2000 to 2500 per keg after expenses.

(She was a student in University of Port Harcourt then).

Now she is buying 50 to 100 keg per week.
{palm oil is use daily, just look for customers in churches or neighbourhood.
Supply good quality palm oil at an affordable price as quick returns is business.
I promise you after one year you will look for no employment.}

Nice one. I intend coming to next week as I have a burial to attend in etinan tho I'm from uyo. I would like to see things for myself, looking to see what I can do as per palm oil too, my mum used to trade in it. Maybe I'll get in touch with you when I come

Gud one.. This is innovative brother.. Pls can the price be lesser if i am buying 7 keg.
And secondly do sell a drum? If yes what is the cost?

udysweet:
Nice one. I intend coming to next week as I have a burial to attend in etinan tho I'm from uyo. I would like to see things for myself, looking to see what I can do as per palm oil too, my mum used to trade in it. Maybe I'll get in touch with you when I come

Never joke with old women business (palm oil) and old men business (palm kernel nut)

Mfup nta modo ke esiit!

ikpons477:
Gud one.. This is innovative brother.. Pls can the price be lesser if i am buying 7 keg.
And secondly do sell a drum? If yes what is the cost?

Price was lesser for bulk customers before (when we were looking for buyers).
Now the case is different buyers are fighting to buy even one kegs.

A drum this night is booked at #80,000.
While 25 liters goes for #10,000.

Even we that usually buy this month for storage are taken unaware.

Last years this time a keg of palm oil was #3,000 to #3,500.

I can remember one woman that pleaded with me to just carry her oil, when I sell I could return the money to her.
But today buyers are giving money upfront to millers. They will come to mill and book uncooked palm fruit (which will be mill in one week time.


My findings has shown that Nigerian are now exporting palm oils.
The value of naira has fallen greatly, thus anything taken outside the country sells well.

This leads to scarcity of palm oil. And increased demand.
Demand from company and individuals in Nigeria can never make palm oil prices to increase this palm oil season.

One buyers (exporter) this night with 90 kegs

It has reduced small this morning.
First grade: #9500
Second grade: 9000.

Lol
Abeg decode ,I no understand wetin you type mbok

menwongo:


Never joke with old women business (palm oil) and old men business (palm kernel nut)

Mfup nta modo ke esiit!

udysweet:

Lol
Abeg decode ,I no understand wetin you type mbok

Lol.
There is meat (gains) in palm oil and palm kernel business.


Make sure u teach ur children our native dialect

menwongo:


Lol.
There is meat (gains) in palm oil and palm kernel business.


Make sure u teach ur children our native dialect

I'm ibibio from uyo, guess you spoke a different dialect that's why. Thanks for the translation, lol