Thanks to the abundance of agricultural products in Nigeria, the country continues to become one of the richest countries in the world. More than 100 different agricultural products are grown in the country. Although it may seem very lucrative, one of the most sought-after agricultural products that is widely grown in Nigeria is cassia seed.
International buyers around the world have been looking for cassia seeds from Nigeria, the quality, quantity and price are high. They come to the country regularly to meet with commodity trading companies and farmers to learn how to establish long-term relationships with them, to ensure a continuous supply of goods for at least one year. According to their consensus, they decide with which supplier or supplier to cooperate, issue an ICPO (irrevocable commercial order), sign a contract and execute a transaction.
The high demand of international buyers for this agricultural product from Nigeria makes Cassia Tora Seed's exports from Nigeria to various countries of the world a profitable export trade.
First of all, what are cassia seeds?
Cassia seeds are ripe seeds of sickle pods and are a highly prized Old Chinese herbal medicine.
So what is cassia seed export?
Cassia Seed Export refers to cassia seed exported from Nigeria by international buyers worldwide. It is partially ready for export and after reaching the intended use it will be further processed after reaching the buyer's factory.
Facts about Cassia seed exports
Cassia seeds are grown mainly in the northern part of the country.
Growing cassia flower seeds can be an important source of employment.
Cassia seeds are also called weed Tafasa.
Cassia flower seeds are light brown.
The profit margin for selling Cassia seeds to international buyers is between 15% and 110%, depending on whether you are a farmer or shopping on a farm.
You can enter $ 0 as a broker.
China is the world's largest importer of Cassia seeds.
Business opportunities for Cassia seed exports
1). Export Cassia seeds:
Cassia seeds are usually sold in different quantities on farms or in local markets and then resold to international buyers at different prices per tonne according to specifications, contact between seller and farm, processing trade and final negotiations with buyers.
In general, the profit margin of your Cassia seeds exported from Nigeria can in some cases range from 15% to 100% or more.
2). Cassia Seed Broker:
If you do not have the money to start a business, you must first join a product brokerage company, in which case enter Cassia Tora Seed.
You can join a Cassia seed broker by comparing buyers and sellers and adding a price per tonne to the organization after obtaining the seller's final sale price.
However, to ensure a successful brokerage business, it is important to protect your commissions legally. Any seller who claims to give you something without signing a contract forces you to play the game. If they become arrogant and tell you to wait until you exclude them from the contract, leave and find another seller.
There are no contracts or bank charges to pay your commissions and 98% of all sellers are unreliable.
Start a business in the field of cassia seed export
1). Register your export company:
The first step in setting up a cassia seed export business is to register a legal business. To do this, you must first register a limited liability company with the Nigeria Corporate Affairs Commission and then register your business with the Nigeria Export Promotion Commission and any local association that regulates Cassia seed sales.
The name of a registered company cannot be registered with the NEPC, so you can only act as an exporter in a limited liability company registered under the laws of the Federal Republic of Nigeria.
2). Find direct farms and export resources:
Although this can be done before, during or after registering your company with the relevant agency, the next step is to find a direct seed grower Cassia Tora for you on behalf of your client.
It is usually best to contact farmers directly to get the highest price. Finding an agent will waste more time, spend more money and reduce your profit margins.
3). Create the right business structure, business process and brand:
During or after registration and insurance of the buyer, it is very important to create a good business structure that looks good on an international scale. One way to achieve this is to set up an international standard website, obtain company addresses, create company profiles and create a company list format that can be customized and sent to buyers for a quote. Also set up an email address for a company that looks like "your [email protected]".
If renting an office is too expensive, you can pay for a virtual office in a collaborative work center and use its address for appointments.
When you organize your business in this way, buyers will be sure that they will do business with you and choose their company as their preferred partner.
4). Buyer Source:
The following is information on finding international buyers for your products. You can do this by registering on the following website:
And some more.
You can also create an influential social account on LinkedIn and sell your Cassia Tora Seeds seeds to a unique business audience that can accumulate over time.
5). Export your products:
After concluding an agreement with the buyer, you will receive an irrevocable order, sign a purchase and sale contract and you can continue to send Cassia Tora seeds to the buyer.
The shipment can be determined on the basis of on-board charges (FOB) or costs, insurance and transport (CIF). In this case, the FOB price refers to transport costs and all other costs up to the point of transport, while the CIF price applies to all costs, including all insurance and transport of goods to the buyer's port of destination.
Challenges facing export sales of cassia seeds
1). The lack of experience has caused exporters to either buy incorrect specifications or product prices are too low, too high or higher.
2). When your Cassia Tora seeds are transported to the store, they can be stolen or confiscated by government officials before they arrive.
3). Fake buyers waste a fake exporter problem.
4). Many potential entrepreneurs have little or no funding to fund their projects.
5). Most cassia seed retailers have poor supply chain management and sometimes fail to deliver.
6). A long conversation with Cassia Tora Seed buyers wasted your time and these buyers were unable to pay.
7). A large number of fraudsters who pretend to be Cassia Tora Seed complains that Cassia Tora Seed is trusting you to trust you.
at the end
For those who decide to export agricultural products from Nigeria, the Cassia seed export trade is profitable. Depending on buyer demand, your profit margin may be higher or lower, but still high.
Starting an agricultural export business in Nigeria, initially focused on cassia seeds, is not only a way to enter the sector, but also a good starting point for starting a long-term business that will one day directly affect thousands of people and indirectly employment.
Content created and supplied by: BusinessBoy (via Opera News )