How to Export to US, UK, EU, ASIA with good documentation

The demand from European, US, Asian markets for African commodities has been on the increase.

Export business from sub-Sahara is very lucrative and this is why it is quite compelling to consider exporting from Kenya, Nigeria, Ghana, South Africa and other African countries based on having the requisite knowledge and current economic parameters.

Some of the benefit of export business are as follows but this is not exhaustive:

1. Increased sales and profit
2. Create potential for business expansion
3. Gain global market shares
4. Increase life cycle of products
5. Take advantage of economies of scale
6. Diversifying income
7. Gain new knowledge and experience
8. Earn more in foreign currency

Based on the above itemized benefits of export business, this article will be addressing exporting from Nigeria, you will get started by first registering with the national export body. For Nigeria, (Nigeria Export Promotion Council – www.nepc.gov.ng ) as an exporter via e-registration platform as you will need the exporter’s certificate.

The needed documents for limited liability company registration are as follows:

1. Certificate of incorporation, CAC 1.1, Form C 07, and copy of memorandum and article of association.

2. Registration charges: https://nepc.gov.ng/get-started/e-registration/

Once the export certificate has been completed, carry out research in the following areas in order to minimize your risk and increase gain; Trade statistics, trade policy, regulatory framework, channels of distribution, logistics and risk assessment.

Going further for an export business, your company can begin processing the Nigeria Export Proceed (NXP) through an authorized bank.

You will be required to open an export domiciliary account with any bank in Nigeria in which you registered the form NXP. This is a control that ensures that export proceeds are repatriated and credited to your domiciliary account within 180 days from the Bill of Lading date. Payment method could be direct advance transfer, Letter of Credit (LC), Bills for Collection, and other approved international mode of payment acceptable for exports from Nigeria. Cokodeal introduced its escrow services to help receive funds from countries around the world and credit your account locally.

With the completion of NXP, a Request for Information (RFI) shall be collected from the Pre-shipment inspection agent. This is to enable the inspection agent to coordinate the date and time for the inspection.

Please, note that the following are exempted from inspection:

SCHEDULE “A” EXPORT GOODS EXEMPT FROM INSPECTION

  1. Personal effects
  2. Used motor vehicles
  3. Perishable day old chicks
  4. Vaccines, Yeast
  5. Objects of Art
  6. Explosives
  7. Pyrotechnic products and arms
  8. Ammunitions
  9. Weapons
  10. Live animals

SCHEDULE”B” PROHIBITED EXPORT

  1. Raw hides and skin
  2. Scrap metals
  3. Timber – Rough and saw
  4. Unprocessed rubber latex and rubber lump

Please avoid trading prohibited goods as it may lead to unimaginable adverse consequences and loses to your export business.

Once the product has been inspected by the Pre-shipment inspection agent along the side with all relevant goverment agencies and all parties are satisfied, a clean certifcate of inspection CCI will be issued.

With issuance of CCL, the product for export is now ready to be loaded on board the vessel based on the agreed Incoterms which defines all obligations of buyer and seller within the logistics and supply chain

Export business in Nigeria will require the following documentations:

  1. Bill of lading (BL) / Air way bill (AWB)
  2. Packing list
  3. Certificate of Origin
  4. Commercial invoice
  5. Single goods declaration (SDG)
  6. Nigeria Export Proceed (NXP)
  7. Clean certificate of inspection (CCi)
  8. Certificate of weight and quality
  9. Road transport waybill

In addition, export business will require other documentations depending on the regulatory body that is involved. This will include the following:

Phytosanitary certifications for agricultureal commodities (NAQs)

Health certificate for processesd and semi-processed food items (NAFDAC)

Internatinoal veterinary certiciate and animal products (DVPCS)

Fumigation certificate for agricultureal commodities (FPIS)

Lastly, In an export contract draft, for a legal biding transaction here are some of the terms used;

Terms of trade (Incoterms)

Mode of payment

Mode of delivery

Trade enforcement organs

Agreed dispute resolutions mechanism

Presiding court

At The Commodity Bank ( cokodeal.com ) over the last decade many of our exporters do experience different challenges along the value chain.

At any point you have any question please get in touch with cokodeal support center for professional advise, it is free

Email: service@cokodeal.com

Whatsapp: +234 816 3229 560

credits to: ronish logistics

For new members ready to explore export business start by registring with link below

https://cokodeal.com/register

Wishing you success in your international trade business.

How to find buyers in Europe, UK, US for foodstuff and commodities

Cokodeal platform supports hundreds of businesses to connect with international buyers and succeed daily. If you find this article valuable, kindly share with others. “We rise by lifting others”  SELL HERE

 

Finding international buyers in US, UK, Europe and other foreign countries for your exports can be a unique challenge. In this article, you will learn how to utilize your available resources to conveniently connect with prospective trade partners abroad.

The most important thing you can do is to have a web presence: a website or a store in a marketplace. Interested buyers looking on the internet should be able to find you when they search for the product you specialize in sourcing.

Where to connect with buyers

Trade Expos and Trade Missions
When you attend trade expos, you have the opportunity to showcase your products and services, meet with potential buyers and connect with trade partners. Trade events have attendees from different regions who provide exporters with a large number of business leads under a single roof.
The Lagos Chamber of Commerce and Industry (LCCI) usually organizes trade Expos which is well-attended by multinationals and foreign traders.

The LCCI ultra-modern Exhibition and Conference Centre is located at Plot 10, Bola Ahmed Tinubu Drive , Central Business District, Alausa, Lagos.

The Nigerian-British Chamber of Commerce (NBCC) is a foremost channel of trade between Nigeria and Britain which encourages and promotes trade between these countries. Among the NBCC’s objectives is to provide information and market intelligence service on United Kingdom/Nigerian trade in the form of regular trade bulletin. They also organise Trade Missions.

 

A trade mission is an international trip organised for the purpose of exploring international business opportunities. It is an effective way to seek out potential trade partners. For this reason, if you’re looking to export to Britain, NBCC should be your first point of call. You need to have a registered company to join, and membership costs N170,000 for companies with less than N500m in turnover. To register, you will need to fill out the membership application form on this page and then submit in person to the secretariat at Olubunmi Owa Street, Off Admiralty Way, Opposite CBC Towers, Lekki Phase 1.

 

How to use the Internet to find customers
Various internet websites allow you to post your products or services online, so that prospective buyers can come to you, instead of you searching for them. These are called ‘online marketplaces’.

The way these online marketplaces work is that you as a seller posts information about your products online, making your services available to anyone in the world who needs them. When interested buyers search for your services in these marketplaces, they can see your products and get in touch with you to make enquiries. Sites like Alibaba, cokodeal and Tradekey are examples of such marketplaces.
One important thing to note when offering your services in online marketplaces is that just like meeting strangers in real life, you must deal with contacts you meet cautiously. Always verify their full address by using Google. You can also query their company name and website using scamadviser.com to check how long they have been in business, as well as the level of trust they enjoy.

LinkedIn 

This is a powerful but under utilized tool for finding foreign trade partners. Companies and their employees from all over the world advertise their services on the website. The two most effective ways you can use this platform for prospecting potential buyers are by using the filtered search option and joining relevant groups for your industry.
There are many groups for all types of industries on LinkedIn, so it is best to be specific from the beginning as to what region and industry you’d like to find a group for. You will need to find the most active groups and join them to begin engaging with other professionals to build up your network.

Look at your Competitors
Have you identified the competitors who are already selling in your target market?
Try to find look at companies which carry similar products as you, and learn from them how they engage their customers. This would enable you to understand your target market better.

By this method, you should be able to find a similar business(es) in the same country that will be ready to do business with you. If you can’t find any competitor already operating in your target market, search for local products in that country that are similar to yours. If you have a product that is higher quality, differentiated, etc. you can often find distribution in the same retailers as the local manufacturers.

Be sure to place emphasis on what makes your product unique for the best chance of success with this tactic.

Customised data search tools and trade data
Using business intelligence search tools such as ImportGenius is another way you can find buyers for your exports and connect with them. Import Genius has a large export-import database, and helps you find what businesses imported to the USA, and also the businesses which received these imports. The site is populated from the US customs database, and the cheapest plan is at $99 per month.

 

Alternatively, you can use a free tool called PortExaminer, but without the depth of information that ImportGenius provides.
At this stage, these trade data tools are magic wands you can use to gather as much of information as you can– from transportation of goods to buyers and sellers of a particular product; and trading prices to the shipping lines, ports, and trade lanes employed for the purpose of international trade.

Government controlled foreign companies and their buying agents
These trading companies are government-controlled foreign companies that are involved in the import of a particular product relevant to your area of export should another focus.
Most of these agencies already have buying agents in countries where they are looking to import from.They go about outsourcing these through agents. You can contact these buying agents in Nigeria and let them know of your products.

Some of the private consultants can be buying agents for other countries in Nigeria since they know more of the markets than the companies abroad do.

Getting in touch with these agents can help you to expand your market base tremendously.

 

Online ads
Google and Facebook ads are good ways to advertise your products. You can place online ads to reach  your target audience, as a means to get quality leads for your products online. Once you get these prospects, be sure to put things in place where your prospects can contact you – if possible get their email addresses for follow-up.

 

Online marketplace portals

For a monthly subscription fee, these marketplace portals send targeted buyers to your online store which helps you get more buyers to do business with.

How to request and accept payment for international exports

You must also only agree to reasonable terms of payment – terms which are reasonable to them and also to you. For example, prospective buyers would also be equally cautious when dealing with you (especially if you have no feedback and no previous sales history). So if you were to start by requesting advance payment, that would be a huge turnoff to many buyers regardless of how low your prices are. To cross this hurdle of how to request payment AND protect yourself, you have two options:

  1. Letter of Credit: This is a document which a buyer obtains from a bank in his/her country. This letter is issued to you the seller,  and it acts as an obligation of the bank guaranteeing the buyer’s payment. It is recommended that you confirm a letter of credit by your own bank here in Nigeria.
  2.  Draft Documentary/Document Against Payment (D/P)
    With this method, you will use the services of a bank to effect payment.

Once you are satisfied, you can then you will ship the goods along with the bill of lading and a draft. A Bill of Lading (abbreviated B/L) is like a ticket which outlines the journey of your cargo from origin to its destination. It functions as a contract for the movement of the goods, with the fine print – the terms of the contract – frequently outlined on the back of the bill. It also serves as a receipt for the cargo and can act as proof of ownership of the goods being transported.

The draft is a cheque-like document that will be forwarded to your bank.

Your bank will forward the documents to the buyer’s bank and the foreign bank will collect payment from the buyer before the arrival of the goods.

If payment is not made by the buyer, the correspondent bank will not release the bill of lading to the buyer, and the buyer will be unable to take possession of the goods or clear customs.
Finally, getting genuine foreign buyers for your products can be a straightforward task if you follow the steps as explained. We cannot generalise about it being difficult or simple. It depends on the situation and the motivation, and the level of enthusiasm you have for success as an exporter.

 

To register as a supplier — follow this link —

http://www.cokodeal.com/seller-registration.htm

Article credit:  mrpepe / Cokodeal contributor

For support:

Email: cokodeal@yahoo.com —- service@cokodeal.com —

Whatsapp +2348163229560

 

Finding export buyers for your products can be challenging, see how to

Cokodeal platform supports hundreds of businesses to connect with international buyers and succeed daily. If you find this article valuable, kindly share with others. “We rise by lifting others”  SELL HERE

 

As an exporter, finding buyers for your product can be the most difficult challenge in your business, particularly when you’re just getting started or are selling in a new market. Selling in another country is never easy. You need to adapt to cultural norms, language, and travel barriers in order to succeed. But new technology makes the world smaller and makes finding buyers overseas much easier than it was in the past. Use the five tips below to find export buyers for your products. ​

Foreign Agencies

Many foreign countries have state-sponsored or state-controlled companies, called trading companies, which import products, usually in bulk orders. Do your homework and identify countries you believe your export would be great for, then contact their embassy in the U.S. or their agency directly in their own country.

United States-based embassies usually have a representative who can help you, and they almost always speak English. Different agencies are going to specialize in different imports, such as raw materials, agriculture, electronic/IT equipment and more. Having a foreign representative on your side can help you find exactly who you need to be in contact with.

Buying Agents

Some foreign agencies are proactive and have buying agents in the U.S. actively looking for suppliers such as yourself. Again, your local embassy is a great place to start looking for these specific buyers but don’t forget the power of the internet. Browse the country’s import-export agency’s site, or simply search for local representatives. When you do make contact, ensure you’re dealing with an official or accredited representative with the authority to do business on the agency’s behalf.

Foreign Wholesalers

Just as there are wholesale distributors in the U.S., there are wholesalers in other countries. Dealing with private firms instead of government agencies may be much quicker, and letting them deal with the red tape of imports is a big benefit, too. U.S.-based import-export organizations have lists of reputable foreign distributors, saving you the time of searching for them yourself.

While your margins may be smaller by selling to a middleman, the time you save trying to sell your exports directly to the market may be well worth it.

Commission Agents

Similar to foreign agencies having their own agents looking for your products, foreign wholesalers do as well. The difference is usually these agents are middlemen, finding great export products and buying on behalf of the foreign distributor. Dealing with a local agent can be far easier than dealing with a foreign-based agent. These agents are usually very motivated since they’re paid on commission.

Your Own Salesperson

Don’t believe you have to do all the work yourself. Just like foreign wholesalers commission buyers to find imports on their behalf, you can commission a sales representative to find individuals and firms for your exports. Your cost of goods will rise by having to pay your sales representative, but you’ll be free to concentrate on manufacturing your product or searching for other markets yourself.

People and firms want to import your products, but it’s just a matter of finding them. Incorporate one or more of these five strategies to find potential buyers for your exports. Begin your journey by joining cokodeal: Africa’s largest export platform for foodstuff and commodities to link you to credible  international buyers.

To register as a supplier — follow this link —

http://www.cokodeal.com/seller-registration.htm

Article credit:  www.thebalancesmb.com

For support:

Email: cokodeal@yahoo.com —- service@cokodeal.com —

Whatsapp +2348163229560

 

How to Find International buyers for my foodstuff export business

Cokodeal platform supports hundreds of businesses to connect with international buyers and succeed daily. If you find this article valuable, kindly share with others. “We rise by lifting others”  SELL HERE

 

When you are trying to get into international trading, finding customers can be one of the first obstacles you have to overcome. But nowadays there are plenty of options that you can take advantage and discover new opportunities overseas. Always keep an eye on how to find buyers for export products. If you are not able to identify customers, all your efforts will be in vain.

So, after you identify the product that you want to export to foreign countries like African countries, you will need local contacts to complete your import-export business. Besides funds and legal matters, any exporter needs an importer to help him introduce their goods on the local market. And when it comes to African countries, your possibilities are almost endless considering the extended needs of such countries.

You can find clients interested in a variety of goods and increase your profit significantly. Here are the main ways to increase your export buyers list and become successful in the international business!

1. Start with a good and in-depth online research

Research is crucial to any success in import-export business, and it is important not to neglect this phase. When it comes to how to find customers for export business, the knowledge you gather can make a great difference. Of course, the first option of research is the online research which can give you a lot of information about your future international trading process. There are plenty of websites and forums that can help you but also many local importers looking for foreign exporters just like you!
This B2B import export portal will put you in contact with plenty of African importers looking for new partners. Many goods are needed in Africa, and you can supply the market the best you can. But you will not be able to do that unless you find a reliable importer to help you with the process.

There is a trick though, especially when you are looking for business partners online: you need to watch out for scammers. Unfortunately, on such popular websites like the B2B portal, you may find plenty of importers that do not look trustworthy. However, after some time, you shall be able to identify the real importers and spot the potential scammers. Keep in mind to check the internet for more information about potential importers. You can find a reliable website and even some reviews to put your mind at ease.

Keeping in touch with other exporters will help you as well. You can find forums with different topics for foreign exporters like you. And you might be amazed to see that many successful exporters can refer you to a good importer that you can trust. You have even higher chances if your products are different than other’s because this type of business is based a lot on the competition. Stay active and vigilant on such forums and try to analyze your options before starting any serious collaboration with a potential client.

2. Invest in your brand awareness

Even before you start looking for importers to fulfill your import export business, you have to invest in yourself. Make your company visible and attractive for your export buyers by investing in your brand awareness. It means you will need a professional website with very clear information on it. Also, consider investing in an SEO campaign to reach more of your target audience through the content of your website. Use keywords and links to become more popular among the best search engines. All these tricks and tips can be applied by your co-workers but also by hiring a professional SEO team that can help you in the long run.

It is an investment worth making especially if you are planning to break into foreign markets. Your official website should have important information about your company such as contact information and offers for your future buyers. Keep in mind that your clients should find everything they need on your website as this is your business card.

Having a professional PR team is going to help you a lot while you are building your brand awareness. Also, applying different strategies can increase your odds to be successful from a marketing point of view.

Your PR department will make sure to be actively involved in these strategies and research the market to build you a great slogan and campaign.

This type of marketing will help you reach new customers around the world and even develop your business by entering new markets. And if you neglect your brand awareness, you may risk to not reaching the business potential that you aim for.

Your logo is also very important as it has to be easily recognized worldwide but also adapted to specific countries. For instance; if you want to enter an African country, consider using a logo that will catch the local’s attention and won’t pass by unnoticed.

The language that you use in your PR campaign can make a difference as well. Try to be aware of local languages before advertising into a certain country. In Africa, you can always use English but also French as both languages are very common. You can also add some local words to your campaign so that people will relate to your brand more than they do with others. And the competition on this market is high, so you have to be as original as possible. Either way, a good PR will act as a magnet when it comes to bringing new customers to you, so it is well worth the investment!

Email marketing is also a great PR strategy that can bring you, new clients if you are using it well. You can purchase databases with different importers and even important local stores, and you can start negotiating with them and identify the best to start a long-term collaboration with. Having access to such databases can be pricey, but it is all worth it once your profit starts increasing. And the good news is that they can bring you a new customer in a matter of weeks from accessing them!

Think that every investment that you make in the beginning phase of your business is going to bring you more positive outcome shortly and it is never lost as long as you do it wisely. You can find databases for sale online, but you need to pay attention to how authentic they are because it is a high risk of fraud when you purchase one from an unknown or uncertified website!

3. Make the customers you already have a number one priority

Even if your main concern might be to reach more customers, you have to pay attention to the clients that you already have. Most often than not, your current clients will open new opportunities for you to reach new ones. How can that happen? Happy clients will always bring you new ones by referring your business to others that are interested in buying similar products. It is a very popular form of PR, considering that good advertising is always beneficial when you need to increase your database of customers. And when it comes to how to get foreign clients, the key might be to your current clients. Make sure to get good reviews from your current customers and make them public. You can also allocate a section of testimonials on your website so that new customers can see what others think of your business.

If you try to keep your customers faithful and satisfied, your chances to break into new markets will increase and so will your profit. You can do that by adjusting your offers to their needs and make sure that the import-export business is one that works for both yours and their benefit.
Usually, your importers will know other importers as well and will not hesitate to recommend your business to them if they are happy with your services. However, if it happens to have a client that is not satisfied with an import-export business with you, make sure to take the necessary actions to correct the outcome. One client that is not satisfied should be a big red flag for you and your future commercial adventure.

A new potential client will always check your past activity and reviews before even contacting you. Some of them might also get in touch with your previous customers to gather more information before they decide to get in contact with you. This is a way to lose or gain clients before you even become aware of them.

4. Get familiar with the local market’s needs

Staying informed is essential when you are hunting for new customers for your import-export business. An overseas market introduction service will help you identify the main needs of the market that you want to break into. Get familiar with the goods that the local market needs and evaluate your potential to supply them. Especially if you get into an African market, the demands are high for many types of goods, and you can talk with different importers before deciding what type of trading you can get involved in. Check local forums and determine what type of impact you can have on the market to develop your business.

Most of the times, researching the market will also put you in contact with potential buyers. There are many guides that you can read to determine the viability of your business as well as gather information about local importers. When it comes to African importers, they are willing to import almost any type of goods from food to electronics and clothing which leaves you with a wide variety of options.
Talking with local importers can also help you adapt your business according to their needs to have better deals for your future profit. In any case, you can only benefit from this type of research, and your business can significantly increase under the indirect guidance of the importers.

While you are researching the local market that you want to break into, make sure also to stay informed regarding the legal aspects of it. Be aware of the paperwork required during an import-export process and understand that such regulations can defer from a category of goods to another which is why details always matter in this type of business. But don’t get overwhelmed by the amount of information that you might come across because you can deal with it better once you have your importer and buyer export. If you already have local contacts in countries like African ones, you are a step ahead of other exporters just trying to get in the system. It is a hard work process but well worth it in the end!

5. Start following embassies fairs and economic changes in the local market

Sometimes, the authorities will offer you better answers than any other research ways. Make sure to check the official websites of different institutions such as embassies or even local ports to identify the opportunities that you are looking for. You might be amazed to discover that there are plenty of events organized for import-export business such as thematic fairs that you can participate on.
At such events, you can identify importers and buyers that will become your future international trading partners and change the course of your business altogether! Since the import-export process is usually in the good name of a country’s economy, the chances are that authorities will do their best to facilitate this process and put foreign exporters in touch with trustworthy local importers.

Another advantage that you can obtain by being present at such fairs and subscribing to embassies websites is the possibility to find a buyer’s agent. It can help you a lot while you are trying to break into a new African country because they will act as a mediator between you and potential buyers. By having such an agent, you can be almost sure that you will avoid possible scammers and only deal with honorable local importers.

Usually, buyers’ agents tend to receive a percentage of the transaction that they facilitate which is fair, but it is also a small price to pay for a lot more benefits that you can enjoy. To find such an agent, you can check the embassies’ forums since they are very active there, looking for clients. You can for sure find them at the fairs that we mentioned above and also through local importers that you might already know or work with.

Buyers’ agents will help you find customers to sell your goods from all categories, and they will also speed up the formalities and negotiation phase. But there are many other reasons why you should consider working with a buyer’s agent especially if you are a small business. Many small business ideas involve cooperating with an agent until you get familiar with the import-export process which can take from several months to several years. A mediator can make this process a lot easier for you as well as they can also help you skip different obstacles that you can find on the way.

You can get membership from local councils as well regarding export information as well as have access to a list of importers. It will be information that will help you significantly especially if you are entering a new market. Official memberships can grant you access to different facilities and also make a big difference for your business and your contact list since you will be meeting a lot of people that you can work with.

 

To register as a supplier — follow this link —

http://www.cokodeal.com/seller-registration.htm

Article credit:  waystocap

For support:

Email: cokodeal@yahoo.com —- service@cokodeal.com —

Whatsapp +2348163229560

 

How to invest in groundnut business, find buyers, and export to make profit

Cokodeal.com an export marketplace for foodstuff and commodities.

Cokodeal platform supports hundreds of businesses to connect with international buyers and succeed daily. If you find this article valuable, kindly share with others. “We rise by lifting others”  SELL HERE

Description:

 

The peanut, or groundnut (Arachis hypogaea), is a species in the legume “bean” family (Fabaceae) native to South America, Mexico and Central America. It is an annual herbaceous plant growing 30 to 50 cm (0.98 to 1.6 ft) tall. The leaves are opposite, pinnate with four leaflets (two opposite pairs; no terminal leaflet), each leaflet 1 to 7 cm (⅜ to 2¾ in) long and 1 to 3 cm (⅜ to 1 inch) broad. The flowers are a typical peaflower in shape, 2 to 4 cm (¾ to 1½ in) across, yellow with reddish veining. After pollination, the fruit develops into a legume 3 to 7 cm (1.2 to 2.8 in) long, containing 1 to 4 seeds, which forces its way underground to mature.

Harvest: Groundnuts have a growing period of approximately 5 months. Seeding typically occurs mid-April to mid-May, and harvesting is done between August and September

Locations: In Nigeria, Groundnut is produced in almost all the northern states. The leading producing states include: Niger, Kano, Jigawa, Zamfara, Kebbi, Sokoto, Kastina, Kaduna, Adamawa, Yobe, Plateau, Bauchi, Borno, Taraba, Gombe and Nassarawa

 Specification

According to Food and Agriculture Organization (FAO), Indian Standard Institute (ISI) categories groundnuts, into three grades using different specifications as stated in the table below.

Grades of groundnuts required for milling % by weight (max)

S/n       Characteristics  Grade 1            Grade 2            Grade 3

1          Damaged and weevil kernels     0.5       1.5       3.0

2          Slightly damaged kernels           1.0       2.0       4.0

3          Shriveled and immature kernels             1.0       30.       6.0

4          Split and broken kernels           5.0       10.0     15.0

5          Nooks, % by weight (max)       1.0       2.0       3.0

6          Impurities         1.0       2.0       3.0

7          Admixture with other types       1.0       2.0       5.0

8          Total of 1-7 above (max)          6.0       12.0     30.0

9          Moisture content           6.0       6.0       6.0

10        Oil content on moisture free basis          48.8     46.0     42.0

11        Acid value of extracted oil (max)           2.0       4.0       6.0

 

Uses

  1. Edible groundnuts account for two-thirds of the total groundnut use in the United States.
  2. Popular confections include salted groundnuts, groundnut butter (sandwiches, candy bars, and cups), groundnut brittle, and shelled nuts (plain/roasted).
  3. Salted groundnuts are usually roasted in oil and packed in retail size, plastic bags or hermetically sealed cans. Dry roasted, salted groundnuts are also marketed in significant quantities.
  4. Groundnuts are often a major ingredient in mixed nuts because of their inexpensiveness compared to Brazil nuts, cashews, walnuts, and so on.
  5. The primary use of groundnut butter is in the home, but large quantities are also used in the commercial manufacture of sandwiches, candy, and bakery products.
  6. Boiled groundnuts are a preparation of raw, unshelled green groundnuts boiled in brine and typically eaten as a snack in the southern United States where most groundnuts are grown.
  7. More recently, groundnuts can be fried, where they can be eaten both shell and nut.
  8. Also groundnuts are used in cosmetics, nitroglycerin, plastics, dyes and paints

 

Export market: The major groundnut importers are the European Union (EU), Canada, and Japan. These three areas account for 78% of the world’s imports.

 Export price: Groundnut unlike cashew nut is usually exported as kernel (i.e shelled groundnut) The export free on board (fob) price of groundnut varies from about USD 800-1,100/MT depending on the grade.

Find international buyers on cokodeal for your groundnut and peanut supplies

 

 

To register as a supplier — follow this link —

http://www.cokodeal.com/seller-registration.htm

Article credit:  Cokodeal contributor

For support:

Email: cokodeal@yahoo.com —- service@cokodeal.com —

Whatsapp +2348163229560