5 Hot Selling Agro Products That You Can Sell for a Profit
In this article, you will find out the 5 hot selling agro products that you can sell for profit.
You will agree with me that the urban population is growing at a very fast pace.
The good thing is that this presents a wide window of opportunities for entrepreneurs in the food supply ecosphere.
However, we are not listening or paying close attention.
While growing up with my mother, I usually see her leave very early for rural areas in southwestern Nigeria.
The purpose of such movements is to restock her provision store with cheap food items
Those rural areas are the places where buyers meet farmers to source ridiculously cheap agro-products mostly for sale.
I was so young to see the revenue potential back then.
A few years down the line, I saw my uncle doing the same thing during my short-term visit.
This time, it was solely for our domestic consumption.
I couldn’t believe my eyes on his arrival.
The size of yams and plantains won’t stop reverberating in my subconscious.
Because of that, I decided to take a plunge to start sourcing these super cheap agro products by myself.
That step of faith left me with these 5 hot selling agro products that you can sell for profit.
You can source these products in various farm settlements and sell them at higher prices in cities.
What are the hot selling agro products to sell for profit?
Here is the list of the top-selling agro products that you can start selling today to make a profit.
Remember that you don’t need to have a very large capital to start this business.
You will find out what you need as we go on in this article.
Maize is unarguably the most popular type of crop grown in Nigeria.
Many farmers grow maize majorly for its economic value and the nutrients it supplies.
It is also a staple food widely consumed by people weekly in a way or another [derivatives].
As of the time of writing, the price of maize has taken an upward trend like other agro products.
A cob of fresh roasted maize that was sold for as low as #50 a few months ago, is now a little over #100.
Does this mean it’s gradually going beyond a common man budget reach? Hell no!
Its by-products have not stopped securing their market value.
Maize is widely cultivated in geographical zones of the country. That means you can get it in almost every state.
Even at that, you can only get higher volumes in the rural areas because of their large maize farms.
As at when writing this article, you can get 100kg of raw maize for #10,000-#15,000 depending on your source, and you can resell for an average price of #20,000
The second hot selling agro product that you can start selling to make a profit is yam.
Yam sourcing is a lucrative business, especially when it’s in season
In West Africa, yam tubers are usually planted between February and April and harvested 180-280 days after.
According to the food and agriculture organization (FAO), Nigeria is by far the world’s largest producer of yams, boasting roughly 70-75% of world production
There are literally enough yams to go around already.
Your job is not to basically connect the buyer to the seller alone, but to also take responsibility for inventory for delivery to buyers at the same time.
As far as the Nigerian federation is concerned, I can’t literally mention a specific hub with the largest production.
You can source for yam in various rural areas around you.
When you get a good price, move the yams to your target market [urban area], to know whether the difference is a reasonable payback for your effort.
Some good locations to get yam include Nassarawa, Abuja, Taraba, Benue, Niger, and Oyo state.
While yam may be cheap in these locations, you need to consider buying in bulk to enjoy the benefits of economy of scale.
Plantain is our next hot selling agro product.
This crop is a staple farm product that can be baked, boiled, pounded, roasted, fried and consumed with other foods.
It’s mostly found in forest ecology zones of Nigeria [south-south, south-west, south-east, south] respectively and commands high revenue for its producers in West Africa.
That’s because plantain is easy to cultivate and it is always available all year round, especially on irrigated farmlands.
The highest producers of plantain in Nigeria include Kogi, Niger, Kwara, Nassarawa, Zamfara, Ondo, Taraba, Ekiti, Osun, Ogun, Rivers and Delta state].
That’s because they’re more suitable for plantain cultivation than other locations.
According to information revealed by The Guardian, is a bunch of plantains that sells for #500 could go the north path of #1000 – #1,500 in urban areas which is attractive enough for distributors.
If we do the maths, that’s over 100% ROI.
You just need to apply the right amount of effort to find out farm locations where you can buy at very cheap prices.
4. Sweet Potatoes:
As of when writing this article, Nigeria is also one of the largest producers of this nutritious agro-product.
The consumption rate in cities is quite alarming for its nutritional benefits [2% protein, 17% carbohydrates, 79% water with sufficient amount of fat].
It’s a cool-season vegetable planted in March or April, regardless of the type [early season, midseason or late-season potatoes].
The largest potato farming hubs are in Kaduna, Ogun, Nassarawa, Kwara and Osun state.
5. Chicken Eggs:
Egg is one agro product that doesn’t last in stock because of the volume people buy every day.
Some people even go the extra mile to bribe the distributors/sellers to get some crates of eggs for themselves.
For some reason, selling chicken eggs is not at the top of my list of hot selling agro products.
First, the list here is not in order of their market demand.
The second reason is that eggs are fragile products.
Also, they give very little returns on investment in comparison with other products on this list.
A crate of eggs currently sells for around #1,200 – #1,300 depending on the farm and location.
Buying at this price will only allow you to set your price at the #200 – #300 profit margin.
At the end of the day, you will be left with a profit below 20% after expenses.
Even at that, you can still make a lot of money by doing volumes.
In places like Kwara and Oyo state, you can find eggs at cheaper rates per crate.
That’s because those locations are known to be the largest poultry production hub in the country.
They also host some of the largest chicken feed producers in the country.
The state capital of Oyo, Ogun, Osun are prolific in poultry production likewise few other states.
If you are close to these locations, then you can still jump into this business and share in its benefits.
Commerce today mostly cut across fashion, health, gadgets or other trendy products.
However, many entrepreneurs pay less attention to the most crucial and basic needs of man.
People may walk past a boutique for months or even a year without making a purchase.
But the human stomach can’t wait a week, not to talk of a year.
People spend an average of #1,000 daily on food in cities like Lagos with over 25 million residents.
We are projecting roughly #25 billion changing hands-on food in just one city.
This is an untapped opportunity for upcoming entrepreneurs to source agro-products which they can resale for profit.
Entrant to this market is open and there are very few challenges in buying and reselling agro products.
As an entrepreneur, you must know that the available market is the one you researched and created ahead through dealers in commodity marketplaces.
You may start by supplying to a few dealers in your location or targeted cities.
As you grow, you may further extend your supply chain to bigger cities outside your location.
You can even go as far as securing warehouses in various cities for storing and reselling agro products.
In addition to that, you can take your business to the next level by setting up your business on an efficient business directory for more exposure that could fetch extra sales
As you can see, the potential is endless in this space.
But getting the information alone is just the tip of the iceberg, execution is the real deal.
Also, you still need to acquire relevant knowledge so that you don’t get scammed.
In the end, there is money in agriculture, you just need to be looking in the right places and be willing to take action.
Do you have any success with other hot selling agro-products?
We’d so much appreciate it in the comments so that others will learn.
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