The Hidden Profit In Storage Business
14 analysed pages ·
open on Nairaland ↗
market_access_offtakers · 14price_volatility_timing · 14knowledge_transfer · 8storage_post_harvest · 7profitability_claims · 6transport_logistics · 5capital_credit_grants · 2group_formationcontact_directorypolicy_government
page 0 · 31 posts · 8 participants
· promo_listing
A single author dominates this thread to promote a grain storage business, listing specific crops, current market prices, and logistics while warning against scams. The page functions primarily as a sales pitch with embedded price lists and contact details rather than a community discussion.
Pain points:
defraudedprice_crashtransport_cost
Prices:
PICs bag: NGN800.0 (General)Unpeeled Egusi: NGN13000.0 (General)Brown Beans: NGN62000.0 (General)White Beans: NGN53000.0 (General)Peeled Groundnut: NGN55000.0 (General)Unshelled Groundnut: NGN14000.0 (General)Maize (White): NGN22000.0 (General)Maize (Yellow): NGN24000.0 (General)Sorghum (White): NGN24000.0 (General)Sorghum (Yellow/Red): NGN25000.0 (General)Suya Beans: NGN33000.0 (General)Dried Pepper: NGN22000.0 (General)Sheanut (per ton): NGN75000.0 (General)Sheanut (per ton): NGN200000.0 (General)Transport to Warri: NGN1500.0 (Delta State)
Credibility signals:
cites personal experience with specific losses (arrested an agent but recovered only 200k)mentions specific farm sizes and volumes (stored 20,000 bags of beans)references specific locations and years of operation (17 years ago)provides direct phone number for contact
“Pls and pls don't give any body your money to keep on ur behalf.No matter how much you will spend on transport try an move your grains to ur destination.”
“Today I went to the market with the intention of buying 50 bags for a nairalander in onitsha but I only got 7bags!”
“I don't even know his user name on nairaland.lolz”
page 1 · 32 posts · 13 participants
· discussion_qa
This is a discussion thread led by one user, shariff84, who acts as a market informant and trader for grain storage. Other users ask specific questions about storage conditions, profitability timelines, and current prices for crops like millet, groundnut, and rice. The thread evolves into a practical exchange of market intelligence, with shariff84 providing specific price points and advice on when to buy and sell to maximize profit margins.
Pain points:
price_crash
Prices:
Bambara nut: NGN55000.0 (Current market)Bambara nut: NGN20000.0 (Harvesting time)Unpeeled Agusi: NGN7000.0 (Agusi (current))Unpeeled Agusi: NGN10000.0 (Current market)Millet (100kg bag): NGN12000.0 (Current market)Paddy rice: NGN15000.0 (Current market)Paddy rice: NGN18000.0 (Scarcity time)
Credibility signals:
Naming specific farm locations (Agusi)Citing specific price differentials and profit margins (30% in one month)Mentioning specific storage facilities (200/bag capacity)Referencing past transactions with named individuals (Mohammed Bashir)
“No! Groundnut now is completely wet, November is the right time to buy Groundnut.”
“For instance, Agusi this year state @ 7k per bag for unpeel,alot of customers bought it like that from me,and now is 10k per bag, i.e 30% profit in one month!!!!”
“I deliberate ignore paddy rice because it gain is very small,iam into local rice supply the market suffer setback since January when buhari open border.”
page 2 · 32 posts · 10 participants
· discussion_qa
This thread is a lively market discussion where traders and farmers track the price volatility of grains like millet and beans, specifically focusing on the profitability of storage and trading. Users actively exchange concrete pricing data, logistics costs, and delivery locations, while one user acts as a central market informant sharing real-time price jumps and business updates.
Pain points:
price_crashtransport_cost
Prices:
transport (waybill): NGN1200.0 (per bag (Kaduna to Kogi))millet: NGN12000.0 (per bag (start of week))millet: NGN14500.0 (per bag (end of week))millet: NGN27000.0 (per bag (Lokoja, old stock))storage business start price: NGN7000.0 (per bag (July))storage business end price: NGN20000.0 (per bag (September))millet: NGN16000.0 (per bag (current))delivery (Abuja): NGN1200.0 (per bag)melon engine: NGN1500.0 (per bag)melon: NGN800.0 (per dozen)
Credibility signals:
referencing specific locationsciting exact price changes over timenaming specific pickup points
“it price jump up from 12,000-14500 within one week!”
“Agusi storage business has officially ended today the price started @ 7k per bag in July and ended today at 20k per bag.”
“do u know how many mudus are in 100 kg”
page 3 · 30 posts · 11 participants
· discussion_qa
coordination
This thread serves as a market intelligence bulletin and coordination hub for the agricultural storage business, dominated by a single expert, 'shariff84', who updates users on crop availability, pricing trends, and storage logistics. While the primary function is information dissemination, the page also facilitates coordination by answering specific buyer inquiries regarding location, timelines, and purchasing intentions for grains like maize, beans, and bambara nuts.
Pain points:
price_crashstorage_lossno_credit
Prices:
millet: NGN15000.0 (Nigeria)peeled groundnut: NGN45000.0 (Nigeria)new brown beans: NGN55000.0 (Nigeria)new white beans: NGN45000.0 (Nigeria)bambara nut: NGN37000.0 (Nigeria)beans: NGN35000.0 (Nigeria)bambara nut: NGN37000.0 (Nigeria)maize: NGN18000.0 (Nigeria)
Credibility signals:
citing specific crop prices and market timinganswering technical questions about moisture content and preservationproviding real-time market updates on new harvests
“Time is gradually approaching, prices have started dropping!!!”
“We have started buying groundnut (peeled) to my customers.”
“maize is already expensive,you are late. The price is almost 18k now, finally I didn't store for people,I only buy and send you ur goods.thanks”
page 4 · 32 posts · 13 participants
· discussion_qa
This thread serves as a price list and discussion hub for agricultural storage traders, focusing on beans, soybeans, and agusi. Users ask for current rates, storage availability, and market timing, while one dominant author provides quotes and contacts for buyers.
Pain points:
price_crash
Prices:
suyabeans: NGN34000.0 (General)millet: NGN19000.0 (General)white_groundnut_unshelled: NGN14000.0 (Edo State)white_groundnut_shelled: NGN50000.0 (Edo State)bambara_nut: NGN37000.0 (General)bambara_nut: NGN50000.0 (General)beans: NGN45000.0 (General)soya_beans: NGN37000.0 (General)agusi: NGN16000.0 (General)agusi: NGN15000.0 (General)transport: NGN1200.0 (per bag)
Credibility signals:
named_locationsyears_of_experience
“I wish i had heard your words i wont be crying now.. I went for soya beans i have over 100 bags and the price just keeps goin down I bought at 37k”
“Soya beans available for sale sir 100 bags”
failed
page 5 · 32 posts · 16 participants
· promo_listing
This thread is a promotional listing where a grain trader (shariff84) advertises his storage and trading services, actively managing a client list and soliciting new buyers. While the page contains genuine market advice regarding price crashes in soyabeans and specific pricing for groundnuts and sesame, the primary function is commercial promotion rather than peer-to-peer Q&A.
Pain points:
price_crashno_credit
Prices:
Suyabeans: NGN34000.0 (Niger State)Groundnut (Machine peeled): NGN70000.0 (Benue State)Groundnut (Hand peeled): NGN90000.0 (Benue State)Groundnut (Hand peeled): NGN70000.0 (Niger State)Groundnut (Engine peeled): NGN65000.0 (Niger State)Groundnut (New): NGN900.0 (Niger State)Agusi: NGN13000.0 (Niger State)Agusi: NGN14000.0 (Niger State)Agusi: NGN15000.0 (Niger State)Agusi: NGN22000.0 (Niger State)Sesame seed: NGN56000.0 (Niger State)Millet: NGN16000.0 (Niger State)
Credibility signals:
naming_locationciting_years_of_experiencereferencing_associationposting_photos
“due to high cost of fertilizer in the country alot of farmers have shifted from maize to suyabeans and the will to over production.”
failed
“Iam normally a farmer in Niger state even before I joined nairaland.”
“Within three weeks of his investment,his capital is about to double!!!”
page 6 · 31 posts · 13 participants
· discussion_qa
This page is a discussion thread where users ask and answer questions about grain storage profitability, timing, and specific market prices for crops like rice, millet, groundnut, and beans. The conversation features a knowledgeable vendor (shariff84) providing advice on harvest cycles and supply logistics, while other users inquire about capital requirements and seek buyers.
Prices:
millet: NGN14000.0 (Niger state)millet: NGN23000.0 (Niger state)agusi: NGN25000.0 (Niger state)new suyabeans: NGN26000.0 (Niger state)old white maize: NGN18000.0 (Kaduna (lere Lga))old yellow maize: NGN19000.0 (Kaduna (lere Lga))new white maize: NGN15000.0 (Kaduna (lere Lga))new yellow maize: NGN15000.0 (Kaduna (lere Lga))new oloka beans: NGN35000.0 (Niger state)
Credibility signals:
citing years of experiencenaming farm size or locationposting photos
“No money in rice storage”
“there is gain ooo but the profit percentage is always low compare to others.”
“Market Prices Of Grains (white Maize, Yellow Maize & Beans) In Kaduna (lere Lga)”
page 7 · 31 posts · 11 participants
· discussion_qa
This thread is a promotional discussion led by a single seller (shariff84) offering grain storage services and market intelligence to Nigerian farmers. While the page functions as an advertisement for buying maize, beans, and groundnuts for future resale, it generates genuine engagement where users ask for pricing, confirm local weather conditions affecting harvest, and discuss investment strategies for the storage business.
Pain points:
erratic_rainfallno_buyers
Prices:
Old White Maize: NGN18000.0 (Kaduna (Lere LGA))New White Maize: NGN15000.0 (Kaduna (Lere LGA))New Paddy Rice: NGN275000.0 (Kaduna (Lere LGA))Maize: NGN17000.0 (Sabon Kaura Market)Maize: NGN23000.0 (Shariff84's Market)Brown Beans: NGN37000.0 (General Market)White Beans: NGN33000.0 (General Market)Bambara Nut: NGN37000.0 (General Market)
Credibility signals:
citing_specific_locationsposting_real_time_pricesreferencing_harvest_conditions
“Today we have officially started buying maize for storage this year.”
“Attention nairalanders:- trufully from the look of things this year haverst is POOR,alot of things will be very expensive next year!!!”
“I DON'T KNOW WHY I DID NOT SEE THIS COMING AND I HAVE SPENT OVER 500K IN OCTOBER,FOR THAT 7 BAGS OF RICE IN THAT PICTURE MY XMASS IS READY.”
Unclassified: none
page 8 · 32 posts · 12 participants
· promo_listing
This page is a promotional thread where a single user (shariff84) advertises the business of buying beans and other crops for storage to sell later at a profit. The author provides specific prices, locations, and commission rates while answering questions from potential buyers about logistics and availability.
Prices:
beans (brown): NGN39000.0 (Niger state)beans (white): NGN34000.0 (Niger state)beans (brown): NGN38000.0 (Niger state)beans (white): NGN34000.0 (Niger state)beans (transport to Onitsha): NGN4000.0 (Niger state)
Credibility signals:
explicit_locationfarm_size_disclosuresupply_chain_experience
“The Time is now,you can buy from now to two weeks before the price start going because all agro produces harvest for this year is poor!!!”
“The beans harvest this year was poor,my friend has a beans farm,last year he got 30 bags,and this year he got only 7 bags from thesame farm.”
“Prices of food stuffs will start appreciating ending of this month. Beans storage is still on....”
page 9 · 29 posts · 15 participants
· discussion_qa
This thread is a Q&A discussion where a successful grain trader named 'shariff84' shares insights, pricing data, and operational advice on the agricultural storage business. Other users ask specific questions about logistics, safety for beginners, and sourcing buyers, while the author provides detailed price lists and profit margins for various grains like maize, millet, and egusi.
Prices:
White Maize: NGN15000.0 (Kaduna)White Maize: NGN19000.0 (Kaduna)White Beans: NGN34000.0 (Kaduna)White Beans: NGN37000.0 (Kaduna)Soya Beans: NGN28000.0 (Kaduna)Maize: NGN16000.0 (Kaduna)Maize: NGN31000.0 (Kaduna)Millet: NGN14000.0 (Kaduna)Millet: NGN30000.0 (Kaduna)Sorghum: NGN18000.0 (Kaduna)Sorghum: NGN34000.0 (Kaduna)Pearl Millet: NGN19000.0 (Kaduna)Pearl Millet: NGN34000.0 (Kaduna)
Credibility signals:
shariff84 claims to have rented a warehouse for 1500 bags and cites specific past profitsshariff84 provides concrete buying and selling prices for multiple commoditiesshariff84 mentions specific locations (Kaduna) and operational details like drying grains
“Last year we stored 600 bags of agusi,this year I already rented a warehouse that can content 1500 bags. We are only waiting for time(August) and investors.”
“This year almost all the grains have given us significant amount of good profit.”
“You can start agusi,it's safest. It's unpeeled egwusi oooo.”
page 10 · 32 posts · 16 participants
· discussion_qa
This thread centers on a specific trader, Shariff84, who acts as a broker for agricultural storage, connecting buyers with available grains like beans, egusi, and groundnuts. The discussion heavily features price updates, inquiries about sourcing quantities, and debates over payment terms, specifically the requirement for upfront payment versus trust-based arrangements. While there is a strong promotional element from the main poster, the thread functions as a Q&A forum where users verify stock levels, negotiate logistics, and discuss market timing.
Pain points:
price_crashtransport_cost
Prices:
sheanut: NGN200000.0 (Market (Pick up))sheanut: NGN250000.0 (Market (Delivery))beans: NGN35000.0 (Purchase (Last year Dec))beans: NGN60000.0 (Current Market)egusi: NGN17000.0 (Last year)egusi: NGN25000.0 (Current Market)groundnut: NGN58000.0 (Current Market)
Credibility signals:
naming_farm_size_or_locationciting_years_of_experience
“I was in the market last two weeks to purchase sheanut for this year storage. I realized two things:- A-this year sheanut harvest is poor,there is not plenty sheanut like other years due to insecurity in the north.”
“ur Money is safe with us,we will surely send you ur order and In a situation where we fail because of some reason,Your money will be refunded without missing a Kobo. We only charge 5% as our service fees that's all.”
“money can change people, I've been reading on this thread for a while and I can see how people are vouching for Oga sherrif.”
Unclassified: storage_loss
page 11 · 32 posts · 19 participants
· discussion_qa
This thread serves as a marketplace where Shariff84 advertises grain storage services and provides real-time pricing for crops like soybeans, groundnuts, and bambara nuts. While initially a source of commercial information, the page evolves into a forum for buyer inquiries, a complaint regarding a delayed refund, and a subsequent public defense of the seller's business practices.
Pain points:
transport_costno_credit
Prices:
soybeans: NGN28000.0 (N/A)groundnut: NGN65000.0 (N/A)bambara nut: NGN50000.0 (N/A)
Credibility signals:
citing specific harvest seasons and timingreferencing past transaction outcomes (100% profit claim)defending business practices against public accusations
“The kind of money we realized from beans storage this year,no be small thing and in just 4 months.almost 100% profit.”
“Your money has been refunded.”
Unclassified: none
page 12 · 32 posts · 18 participants
· discussion_qa
This thread is a technical Q&A and debate focused on the storage business, where users ask about harvest timing, storage costs, and specific crop prices. It features a heated ethical debate regarding whether large-scale grain storage is a necessary economic buffer or an 'evil' practice causing inflation, alongside a discussion on price volatility as new harvests approach.
Pain points:
price_crashtransport_cost
Prices:
storage: NGN500.0 (general)white beans: NGN170000.0 (local markets)white beans: NGN120000.0 (local markets)maize: NGN100000.0 (Nigeria)
Credibility signals:
naming farm size or locationciting years of experienceposting photos
“its now time for corn/maize.”
“Its 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.”
“Price of beans has started crashing in our local markets because of the fear of new one coming out soon.”
page 13 · 27 posts · 16 participants
· discussion_qa
This thread is a long-running discussion initiated by a supplier (shariff84) offering white beans for storage, which evolved into a community dialogue about market timing, price volatility, and government policy impacts on agriculture. Users actively debate the causes of high food prices, citing hoarding and poor governance, while seeking specific advice on when to buy crops like maize, soya, and onions for storage purposes.
Pain points:
price_crashtransport_cost
Prices:
Akara beans: NGN115000.0 (Nigeria)Potasko beans: NGN115000.0 (Nigeria)Iron white beans: NGN120000.0 (Nigeria)Maize: FCFA22000.0 (Benin Republic)Soya: FCFA30000.0 (Benin Republic)
Credibility signals:
Author shariff84 provides specific crop availability dates and prices, establishing themselves as a market insider or supplier.User lithiumnigeria cites international market data (CORN/SOYA FUTURES) and cross-border prices to validate their analysis.
“The hoarders are only mopping up the glut & excess produces of the harvest seasons.”
“Those that want to store maize,the time is now.”