NewStats: 3,264,680 , 8,184,397 topics. Date: Thursday, 12 June 2025 at 12:36 AM x2l37

IamAsiri:


What about other types of beans?

potasko and akara. New iron white beans will be out next week.

iichidodo:
Good day sir, I am very much interested in this business because I am a living witness of what my fiancee earned buying and storing soya beans, the profit margin was too crazy. Even though i know that this incident won't happen again, I still want to invest like 800k on Beans and Soya, I want to know how to get in touch with your expertise and experience to procuring this grains, no need for storage, I already have a place ready for them....

08032777272

IamAsiri:


What about other types of beans?

What of oloyin?

shariff84:
Price of beans has started crashing in our local markets because of the fear of new one coming out soon.
White beans(postako and akara) has drop from 170k-120k yesterday.
Yes new beans will be out in two weeks.

BitterSweet:
What of oloyin?

oloyin till in one week time

shariff84:
Price of beans has started crashing in our local markets because of the fear of new one coming out soon.
White beans(postako and akara) has drop from 170k-120k yesterday.
Yes new beans will be out in two weeks.

Please I am interested. I have whatsapped you. Please let's discuss.

Breaking news:- new white beans(potasko,akara and iron white) is out.
Akara 115k
Potasko 115k
Iron white 120k
All in 100kg bag(26 painter).

Mr. Sheriff!
I am new on your thread and reside in Agbor, Delta state.
Questions:
1) what type of grain is at its harvest now till end of December.

2) what is the cost of delivery per 100kg to Agbor

3) what is the mode of payments.

dikeporo78:
Mr. Sheriff!
I am new on your thread and reside in Agbor, Delta state.
Questions:
1) what type of grain is at its harvest now till end of December.

2) what is the cost of delivery per 100kg to Agbor

3) what is the mode of payments.

1-beans, maize and suyabeans.
2-6k
3-payment before delivery

shariff84:
Breaking news:- new white beans(potasko,akara and iron white) is out.
Akara 115k
Potasko 115k
Iron white 120k
All in 100kg bag(26 painter).

hello sir, I want to start this storage business with oloyin beans, when do you advice I buy and how much it it

franashi:
hello sir, I want to start this storage business with oloyin beans, when do you advice I buy and how much it it

i will update about the new price of oloyon beans soon

Redman44:


It is a evil business . Not something I want to go into. It is this storage business that causes the high prices of foodstuff at a certain period of the year. If it is done on a small level, it is not bad. However, if done on a massive scale ( as it is currently being done ) , it is pure evil.

You are wrong Sir

Have you ponder why despite the supposed accursed hoarders, price still comes down during the harvest seasons?
Your proposition would have held true if the price rise defies both harvest & selling seasons.

The hoarders are only mopping up the glut & excess produces of the harvest seasons.

It's the failure of the government policies that the middle-men are cashing out on
A functioning government at all the 3 - tiers should naturally take over the storage biz of crops, and stabilise the price

Let me cite a good example of the poor governance .
Do you know why there's a wide gap/difference between agricultural products in the North and South?
Simply ineffective transportation!

MOBBDEEP:

You are wrong Sir

Have you ponder why despite the supposed accursed hoarders, price still comes down during the harvest seasons?
Your proposition would have held true if the price rise defies both harvest & selling seasons.

The hoarders are only mopping up the glut & excess produces of the harvest seasons.

It's the failure of the government policies that the middle-men are cashing out on
A functioning government at all the 3 - tiers should naturally take over the storage biz of crops, and stabilise the price

Let me cite a good example of the poor governance .
Do you know why there's a wide gap/difference between agricultural products in the North and South?
Simply ineffective transportation!

The rise now defies the harvest season these days. The gap between the price of last year's harvest and this year's own has widened visibly. Take for example last year, beans during the harvest season was 35k for a 100kg bag. But this year? It started with 150k.

What is seen nowadays is that the closing price of an agricultural commodity for a year tends to greatly affect its opening price (harvest price). Over the period of 4 years, I have studied beans and the widening gap now seems pathetic.

Greed, my brother, is the number one cause of the senseless increase in the price of agricultural commodities that can especially be preserved by storage. Just imagine a product that just got out and is now being "mopped up" by the so-called big boys of the industry, leaving the entire populace looking on in frustration...
Are they truly mopping up excesses or buying everything available in the market so the entire nation can be at their mercy? They now begin to set prices as they deem fit as weeks run into months, cashing out heavily till the next harvest season comes again...

franashi:
hello sir, I want to start this storage business with oloyin beans, when do you advice I buy and how much it it

This is the best time to buy for storage

What are the best crops I can buy this time for storage?
And what the price of beans right now?

When is the best time to buy and sell sesame please?

shariff84:

This is the best time to buy for storage

Good morning, I am in Agbara,Ogun State. How much is transportation.

Musa please give us update on beanc price

How much is onions now?

@shariff,
Good afternoon.
Please I heard that govt has lifted ban on importation of soya beans and maize. How true is this ? And Is that the reason for the downward trend in the prices of these commodities now ?. What do you think is the fate of already stored goods within the next few months before next harvest begins?
What's your advice ?

Good afternoon Farmers, I need your guys help on filling this survey.
It's a survey on the problem Farmers encounter during sales period. Thanks in anticipation

https://docs.google.com/forms/d/e/1FAIpQLSQ-k-U9-Sf6D9jxbRBlLstUJgjdOorWGcDuw7S4rGXGggAA/viewform?usp=sharing

wolepiano:
@shariff,
Good afternoon.
Please I heard that govt has lifted ban on importation of soya beans and maize. How true is this ? And Is that the reason for the downward trend in the prices of these commodities now ?. What do you think is the fate of already stored goods within the next few months before next harvest begins?
What's your advice ?

I want to know too

wolepiano:
@shariff,
Good afternoon.
Please I heard that govt has lifted ban on importation of soya beans and maize. How true is this ? And Is that the reason for the downward trend in the prices of these commodities now ?. What do you think is the fate of already stored goods within the next few months before next harvest begins?
What's your advice ?

Anyone in the house who knows can assist with the above too

wolepiano:
@shariff,
Good afternoon.
Please I heard that govt has lifted ban on importation of soya beans and maize. How true is this ? And Is that the reason for the downward trend in the prices of these commodities now ?. What do you think is the fate of already stored goods within the next few months before next harvest begins?
What's your advice ?

The Prices of Maize & Soya can't go below the current Prices.

So far, below are the prices at the Benin Republic
Maize: 22000 FCFA per 110Kg
Soya: 30000 FCFA per 110Kg

Besides, border countries can't supply the needed volumes to the Nigerian market. It's just a matter of few weeks, we will consume it all.

For the international markets, CORN FUTURES is at a ATH in the 1Y time frame. SOYA FUTURES at 3M ATH.

Above are the analysis from my personal research!

lithiumnigeria:


The Prices of Maize & Soya can't go below the current Prices.

So far, below are the prices at the Benin Republic
Maize: 22000 FCFA per 110Kg
Soya: 30000 FCFA per 110Kg

Besides, border countries can't supply the needed volumes to the Nigerian market. It's just a matter of few weeks, we will consume it all.

For the international markets, CORN FUTURES is at a ATH in the 1Y time frame. SOYA FUTURES at 3M ATH.

Above are the analysis from my personal research!

Thanks a lot for your analysis. Let's cross our fingers then as events unfold

lithiumnigeria:


The Prices of Maize & Soya can't go below the current Prices.

So far, below are the prices at the Benin Republic
Maize: 22000 FCFA per 110Kg
Soya: 30000 FCFA per 110Kg

Besides, border countries can't supply the needed volumes to the Nigerian market. It's just a matter of few weeks, we will consume it all.

For the international markets, CORN FUTURES is at a ATH in the 1Y time frame. SOYA FUTURES at 3M ATH.

Above are the analysis from my personal research!

Thanks @Lithiumnigeria

Please Do you have any up to date info and analysis on these two cereals ?
Do we still have hope price would gain some ascendancy and what time frame are you looking at based on your forecast,analysis and markets sentiment