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Ideas Profiting from Palm Oil Business this last quarter of the year in Nigeria - Business - Nairaland

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Ideas Profiting from Palm Oil Business this last quarter of the year in Nigeria by Ltrust(m): 8:10pm On Aug 23, 2017
You have wondered what to invest your hard earned money to ensure you good profit in the last quarter of the year. My sure bet to you is agro business and in specific sense palm oil business. Palm oil business is now a goldmine, and very lucrative because it's demand is in excess of supply pushing the price on the uptrend. It is a staple commodity consumed by millions of Nigerians and coupled with the ever geometric increase of the population, the sky is the limit for enthusiastic and passionate entrepreneurs.

Now, you can venture into this business in many ways. You can decide to trade on the commodity. This will be very profitable for people who live in the city as Port Harcourt, Lagos, and Abuja but including the Northern states where palm oil sells at a premium (high cost). You buy cheaply in the western and south-south regions of the country in bulk and sell in the cities to the whole sellers and retailers. Here, you will make profits on a consistent basis. Profit and return on investment range from 30-50% per trade. You repeat this many times by re-investing the initial capital or initial capital + profit and over time gain more profit.

Secondly, you may decide to buy cheaply from the producing states to store ahead of the festive period of December and January when this product trade at skyrocketing prices. The premium prices during the festive period are due to higher demand but low supply of the commodity pushing the prices to record highs. Buying to store and sell during the festive period is a smart business idea for business people. Profit and return on investment from this can range from 50-100%.

Another idea involves buying during the time of the year when the commodity is abundant and selling only when it becomes scarce. Usually, in Nigeria, palm oil sells cheapest between February and April (because it is abundant during that time of the year), and market prices go up between September and January. Profit and return on investment from this can range from 40-80%./07033097160.
Re: Ideas Profiting from Palm Oil Business this last quarter of the year in Nigeria by Ltrust(m): 8:35pm On Aug 23, 2017
I want to also let you know that we have a large quantity of good quality palm oil available from the mill. our palm oil is of standard and will meet the specification of most buyers. We sell at a cheap price and we welcome investors to buy wholesale from us. We can produce to a maximum of 120 gallons of 25litres per day. Reach us and we will be happy to do business with you.

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