Agric commodities trading and investment is an agribusiness enterprise that has come to stay in Nigeria.
As the dry season is gradually setting
in, below are some of the Agro commodities that would sure yield optimum
profit for any investor and start ups who venture into trading the
commodities with the requisite knowledge, experience and capital.
Raw Cashew Nuts (RCN) is a money spinner. You can invest in Raw Cashew nuts for either local trade or export depending on your capital. Also Raw Cashew Nuts can be processed into the highly sought for Cashew kernels with high domestic and international demand.
2. Palm Oil
With the high demand of the commodity in Nigeria Palm Oil is a sure money spinner for any agro commodities investor. Potential investors should enter the palm oil business during the dry season, when prices are relatively cheaper and supply abundant.
3. Palm Kernel
Palm Kernel is a by product of the Oil Palm, specifically the palm fruit. It is highly sought after commodity due to its widely used Palm Kernel Oil (PKO), which is in high demand by industries and manufacturing sector.
4.Palm Kernel Oil (PKO)
I call it “the new oil”. It is gotten from the Palm Kernel. Also a money spinner for knowledgeable and well informed investors and start ups.
5. GINGER
The Nigerian ginger is highly sought
for. The demand for ginger in Nigeria outweighs its production. It is a
seasonal Agro commodity that has a wide range of domestic and commercial
value and uses.
6. GARLIC
Like Ginger, garlic is another very profitable agro commodity found in Nigeria. It has local as well as export trade value.
The Nigerian Garlic is among the best in
the world. Investors can also position themselves to profit in this
highly untapped agro commodity market.
Nigeria’s current demand for Soybean outweighs its current production.
It is highly sought for in the animal
feed industry and also of high demand in the local market for its high
nutritional benefit and domestic use.
Others include cocoa seeds, sesame seed, shea butter, hibiscus etc.
However, with these commodities, every
new and prospective investor must be well informed in the area of
sourcing, measurement, pricing, quality determination, storage, local
trading tips and avoiding the usual market antics of merchants.
Also knowing how to make more through storage, processing and packaging of these commodities is important for optimum profit.
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