The commodity trading market is a vast industry that has existed throughout history, as nations have always had a constant need to exchange goods and services in order to keep their economies growing. Commodities like oil & gas products, solid minerals & metals, and agricultural products are the basic commodities that drive the market. They’re traded all around the world with businesses in two countries acting as the key catalyst for the trades, while their governments provide the infrastructure needed to make it happen.

Join us in our Export training program to learn the commodity trading market and how best to go about it.

Shea butter Export

From chocolate, ice cream, and margarine, to face cream, lipstick, medicines, and soap, shea butter is increasingly in demand as a luxury ingredient for edible and personal care products globally.

It is a product found in most homes across the world, either in its raw butter form or in cosmetics products as women heavily rely on it because of its emollient properties that help solve skin problems such as wrinkles and dryness among others.

Africa’s largest economy literarily sits on a shea butter goldmine as the crop is grown in the wild in 20 of Nigeria’s 36 states, with Niger, Kwara, and Oyo states having the largest production areas, according to Nigeria Institute for Oil Palm Research (NIFOR).

“The opportunity to create wealth in the shea industry is enormous in Nigeria and Africa at large,” says Jubril Bokani, national president National Shea Producers Association of Nigeria (NASPAN).

“The conversion of 100,000 metric tons of shea nuts into about 48,000 metric tons of shea butter for export can generate about $72 million and economically sustain about 600,000 rural women,” Bokani explains.

“This shows that there exists a clear opportunity for Nigeria to create to wealth and employment to be driven by value addition and export of shea butter and cake,” he further says.

According to the Nigerian Export Promotion Council (NEPC), global demand for shea butter is estimated at $10 billion and projected to surpass $30billion by 2020.

When an agreement for the supply of agricultural produce is effected by an importer and an exporter, a set of quality specifications are usually agreed upon, and depending on what the importer plans to use the goods for, some chemical specifications would be agreed on.

If you’re shipping agricultural products based on an agreed set of chemical compositions, it is important that you ensure the goods you’re shipping matches the specifications, else, you should simply just agree to physical inspection.

Join us to learn all the important things you need to do before shipping any Agro commodity out of the country.

The fall in the international price of crude oil has made the Nigerian economy a mess. As companies continue to downsize and cut salaries, the country itself is moving towards other revenue streams. It’s a no-brainer that agriculture is the next big thing in Nigeria, and with people losing their jobs and businesses failing, one lucrative area to invest in is farming.

The term farming, may sound crude, local, and less-profitable. This was a grave assumption made in the past. Today, people know better.

To sell a product, you need a market for it. Where is the demand? Is it stable? Is it profitable in short and long term? Are there trade barriers? In export, your market is a country or countries with a demand for your product. So, how does an exporter go about finding this market?

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Happy weekend to all Shea customers. Wishing you a wonderful weekend.

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The import/export business is the key driver of growth or recession in any country. Depending on if there are more imports or exports than the other, the effects it has on every economy, including Nigeria’s, is always profound.

While this industry is largely run by the private sector, the government regulates all of the industries and still maintains some state-owned products like crude oil to be exported only by the country, with the help of brokers to facilitate a lot of the transactions.

You Should Be Ready To Communicate With Prospects In A Platform Most Comfortable For Them:

People are most receptive in a place that’s most comfortable to them, and if you’re not ready to meet them there, you might not be able to close any deals.

Some clients prefer to communicate via email, others WhatsApp, many others phone calls, physical meetings, WeChat, and much more.

It’s important that you find your client’s comfort zone and meet them there so that they can feel comfortable working with you and will always know you’ll do what you can to make them happy.

Export Financing
As an exporter you have to make sure you get your export financing right. Keep in mind that you must be able to fund your export contract, make sure you get paid, and more.

Five tips for financing
Seek help from bankers, financial and export experts
Explore available government grants and loans
Know the grants and loans available from local government areas and private parties
Factoring is a funding facility to consider for increasing your cash flow
Protect your export proceeds against non-payment risk through Export Credit Insurance

Money needed
Export business requires sustainable funding over a period of time. The amount of money needed for export is largely dependent on your product and export destination(s). It includes components like marketing and market access, as well as (direct and indirect) working capital.

Starting an Export business in Nigeria comes with both its pros and cons. If executed well, the seller could rake in a whole lot of money. But if not well managed, significant losses could be recorded.

While most people believe exportation should cost you millions of dollars, going in as a broker and leveraging a wide network of local suppliers to supplement your goods sales will go a long way in helping you build a successful business that won’t just enable you to generate high revenues in widespread broker commissions, but will ensure you contribute positively to Nigeria’s or your own country’s GDP.

International trade can be richly rewarding. And the part of the financial spectrum you fall into depends on how much knowledge you have in the industry, how much information and experience you’ve garnered, and what type of decisions you make.

Sometimes, exporters make certain mistakes that can cause them problems. Join us and let's take you through the challenges Exporter face and sure ways through them, enabling you to earn more profit and reduce your risk to the barest minimum.

The first step in engaging in export is to identify, properly analyse, and conform with the requirements of the proposed importing countries. Thus, the exporter has to provide the commodities needed, their satisfaction, and documentations. Then a seamless export can be carried out.

“It has been severally identified by economic experts that agro-export is the surest and fastest way to shore up the increase in forex inflows and as such our government has spent a huge chunk of resources to initiate this process.

Presently, there is a huge demand for the Nigeria bitterkola. If you are a supplier, also get in touch.

About NACCIMA

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) was established in 1960. The Association is the umbrella organisation for various affliate member Chambers of Commerce within Nigeria. The Association's membership is voluntary and encompasses City, State and Bilateral Chambers; Business/Professional Associations; and Corporate Bodies. The Association champions the course of business through its advocacy role and influences public policies that promote free enterprise.

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Export Management:

Export management companies help organizations who have products for exports but don’t know how to go about it or don’t want to know at all. What the export management company does is to act as a consultant for the direct supplier, communicate with the buyers using the supplier’s company name, and close deals on behalf of the supplier.

The supplier would usually have a fixed amount they pay the Export Management Company monthly, and also a commission they’d earn on every successful sale.

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Happy Independence Anniversary, Nigeria.

Export Broker:

This is the most popular, safest, and effective exportation angle to come in from. Here you act as a broker for either the importer or the exporter or both.

If for instance, the cost of white Sheabutter from Nigeria $1,500 per ton, you could strike up a deal with a supplier to accept $1450 per ton or better still, you could source a buyer that would purchase from you for about $1,550 per ton.

Brokering any export transaction is the best way to approach the industry because, you can be exporting different products across various industries, and still generate far more profit margins than the people you’re brokering on their behalf.

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Hope is not an Export strategy. One should create a tailored Export plan to achieve success.

Nigeria literarily sits on a shea butter goldmine as the crop, which is grown in the wild in 20 of Nigeria's 36 states, with Niger, Kwara and Oyo states having the largest production areas, according to Nigeria Institute for Oil Palm Research (NIFOR).

Exporting business is very lucrative in Nigeria. Quite a number of people concentrate on importation without knowing how profitable exportation is. In fact, many call it “gold mine.” Exportation widens your market. Statistics has it that the export business is worth over $1B alone.

Join our Export training and coaching program to learn of the vast opportunities open to you as an Exporter.

The international trade industry may be highly lucrative for traders who have learnt the ropes and can successfully chart a course that is mostly bound for success. You can trade from Nigeria, Asia, Europe, America, Africa or other parts of the world.

We sell 100% organic shea butter.Our product is unrefined and well packaged to prevent contamination

The first step in engaging in export is to identify, properly analyse, and conform with the requirements of the proposed importing countries. Thus, the exporter has to provide the commodities needed, their satisfaction, and documentations. Then a seamless export can be carried out.

Introduction

The rule of thumb when it comes to starting a business is to start a business whose products or services are needed in our daily life and Shea butter supply business falls under this category. Shea butter is a product that is used in all parts of the world.
Marketing Shea butter and nuts in today’s highly competitive environment can be a challenge to any new or mature business. The volatile condition of the market and a highly informed and spoiled for choice customer base, make it a specialized task to position our brand for both maximum visibility and enhanced respect among the customers.
Praxis Organic Shea-butter is a group of Shea-butter producers providing quality Shea butter to businesses of all sizes. We come up with quality organic Shea-butter for you in accordance with the vision of your company and its goals. As a result you enjoy quality products and a significant return on your investment.
It would be our honour and pleasure to work with you in selling our products to a wider customer base. Given a chance, we can prove our value for you by producing and delivering organic quality sheabutter and aiming to reach highly influential customers.

From research, 50tons per day processing plant could be set up in any industrial zone in the country, with relatively extraction rate of 40% and if the oil content of 40-50%, 50tons input shea nut would yield 20 tons of shea butter per day, 500 tons per month and about 6000 tons in a year which could further refined to satisfy the need of the market. Shea cake is another derivative of shea butter processing with economic benefit. It is also demanded by foreign buyers.

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