WIGMORE TRADING LTD, 5TH FLOOR, MULLINER TOWERS, FORMER NNPC BUILDING 39, ALFRED REWANE WAY, IKOYI LAGOS

HOURS: 6 AM -4 PM PST M - TH; 6 AM - 3 PM PST FRI

+234 1 2934174 +234 1 2934176

How To Export Soybean Meal From Nigeria: The Best Strategies To Make It Happen
Get in touch on Whatsapp now:

How To Export Soybean Meal From Nigeria: The Best Strategies To Make It Happen

Nigeria is an agricultural country, with the most produced crop being sugar cane. Nigeria also exports soybean meal, but it’s often not done efficiently, with losses costing the Nigerian economy millions of dollars. Here are some strategies that will help you export soybean meal from Nigeria with minimal loss.


Forecasting Nigeria’s demand for soybean meal

Nigeria is projected to have a huge demand for soybean meal in the coming years. In 2017, Nigeria imported more soybean meal than they exported, so there is a serious need for Nigeria to be self-sufficient in soybean meal production.

Nigeria is a huge agricultural producer of sugar cane, and this is the country’s most produced crop. However, Nigeria doesn’t export much soybean meal. This loss costs Nigeria a lot of money, and it’s a problem that needs to be addressed.

Nigeria’s demand for soybean meal will continue to grow in the coming years, and this is expected to be a major issue for the country. In order to get around this problem, Nigeria needs to get creative and find new ways to export soybean meal from Nigeria.

The Nigerian government has been trying to find ways of increasing the country’s soybean production. The Nigerian government has even been testing out new varieties of soybeans that are more suitable for African climates. This could potentially lead to new varieties of soybeans that will increase Nigeria’s soybean production and enable Nigeria to export more soybean meal.

Finding the right supplier

The first step to exporting soybean meal from Nigeria is finding the right supplier. You need to find a reliable supplier that can provide you with the soybean meal you need. This is important for when you’re in need of soybean meal in bulk, since suppliers are more likely to have the resources to provide the amount you request.

Finding the right supplier will also make it easier to plan your export. If you find a reliable supplier, you can work closely with them to coordinate your soybean meal export strategy.

Finding the right supplier may sound like an easy task, but it can be difficult because of how many suppliers there are in Nigeria. To find a reliable supplier, use an online database like Alibaba. This database will help you find qualified suppliers in Nigeria that may specialize in soybean meal.

Shipping Nigerian soybean meal to a port or airport

Finding the right shipping company is the first step you’ll need to take in order to export soybean meal from Nigeria.

Shipping Nigerian soybean meal to a port or airport is the most efficient way to do it. You’ll need to find a shipping company in Nigeria that can handle the soybean meal for you.

You’ll also need to find a port or airport that can handle exporting soybean meal in Nigeria. Typically, if you’re exporting soybean meal from Nigeria, it will be shipped out of Lagos or Port Harcourt.

Once you’ve found a shipping company in Nigeria that can handle the soybean meal for you and a port or airport that can handle exporting soybean meal in Nigeria, it’s time to prepare your shipment.

You will want to pack your soybean meal in big, heavy bags or barrels before shipping it. This will help reduce the amount of space the soybean meal takes up so it’s easier for the shipping company to load.

The last step is to ship your soybean meal from Nigeria. The type of shipping company you choose will depend on your needs, but the end goal is the same: get your shipment to its desired destination without loss.


Importing a container of soybean meal from a foreign country

Importing a container of soybean meal from a foreign country is an economical and cost-effective method of exporting soybean meal from Nigeria. The Nigerian economy benefits from the flow of goods, as well as the inflow of foreign currency.

Nigeria also benefits from importing soybean meal because it’s cheaper than producing soybean meal in Nigeria. This means that Nigeria is saving money and making a profit.

Importing soybean meal is an economical and cost-effective method of exporting soybean meal from Nigeria. Importing soybean meal from foreign countries also increases the inflow of foreign currency, which is good for the Nigerian economy.


Importing without paying duty and taxes

Exporting soybean meal from Nigeria can be a costly mistake. It can cost upwards of $2,000 to export a metric ton of soybean meal. By following these export strategies, you can save yourself the upfront costs and make the most money for your efforts.

One way to avoid paying duty and taxes is to export your soybean meal as a bulk cargo to Nigeria. Make sure you work with a reliable shipping company and that you’re aware of the potential delays and risks involved with bulk cargo.

Another strategy is to use a physical location in Nigeria. You can then export your soybean meal to other countries, avoiding duty and taxes. The only thing you’ll need to be aware of is that you’ll need to carefully check container weight and dimensions as well as the rules and regulations for exporting from Nigeria.

You can also import soybean meal from Nigeria without paying duty and taxes by buying soybean meal from local Nigerian companies. This will require you to find a reliable Nigerian company that produces soybean meal or those who import it and then resell it domestically.

Regardless of how you approach importing soybean meal from Nigeria, you’ll need to be aware of what’s allowed and what’s not allowed by the Nigerian government.

Conclusion

We hope this post has provided you with some insight into how to export soybean meal from Nigeria. It’s a complicated process, but it’s not impossible.

To make exporting soybean meal from Nigeria work, you’ll need to have a good understanding of the country’s export laws and how the marketplace operates. You’ll also need a reliable shipping company that knows the local requirements and can get your product to your target market in a timely manner.

At the end of the day, exporting soybean meal from Nigeria is a numbers game. The more people you ship your product to, the more likely you are to get a sale.


Back to News

No Comments Yet.

LEAVE A COMMENT

VISIONARY, BOLD, DISRUPTIVE

Each month, Wigmore team of experts contribute to the latest insights and analysis, setting the agenda and leading the discussion on unlocking capital so you can put it to work.

Port Agency Services in Nigeria: Facilitating Seamless Maritime Operations

Port agency services are crucial for the smooth operation of ships arriving at and departing from ports in Nigeria. These agencies act as intermediaries between shipowners, charterers, and port authorities,...

Read More

Vessel Types in Nigeria: Key Players in Maritime Trade and Operations

The maritime industry in Nigeria is critical for the nation’s economy, enabling the efficient transport of goods, resources, and personnel domestically and internationally. Nigeria’s diverse fleet of vessels serves the...

Read More

Leading Oil Tanker Shipping Companies in Nigeria: Key Players in Maritime Logistics

Nigeria’s position as Africa’s largest crude oil producer and its location along the Gulf of Guinea make it a hub for oil tanker shipping activities. A variety of companies manage...

Read More

The Maritime Supply Chain in Nigeria: A Key Driver of Trade and Economic Growth

The maritime supply chain is the backbone of Nigeria’s trade and logistics sector, facilitating the movement of goods domestically and internationally. As one of Africa’s largest economies, Nigeria relies on...

Read More

Maritime Law on Land in Nigeria: Exploring the Legal Framework and Implications

Maritime law, also known as admiralty law, governs activities related to commerce and navigation on oceans, seas, and other navigable waters. In Nigeria, the reach of maritime law extends beyond...

Read More

Wigmore Trading, FMCG Distributors, Wholesale and Logistics in Lagos, Nigeria. Abuja & West Africa. | Wigmore Trading Nigeria | Wigmore Trading Nigeria