STEPS TO EXPORTING BITTER KOLA TO FOREIGN COUNTRIES

Where real money is now un-doubtedly  is exporting. Though a lot of people want to be exporters but the question on their minds is how to choose the product and how to go about it successfully.
Exportable products in Nigeria have one or two peculiar factors that determine their performance in the international market. One of such factors is how important the product is, most especially to the end users. Products that have one thing or the other to do with human health will always enjoy good patronage and very good profits. This factors  have been responsible for the high and continuous  demand for bitter-kola in countries like china, USA  and Canada. Bitter kola is an essential ingredient used in food and drink industries  and herbal remedies for some serious illness and dietary supplement.
Here in Nigeria, many people are yet to know that the bitter kola is one of the best agricultural products one can export and make well over 80% profit as it can be found in almost every part of Nigeria.
              Exporting bitter kola now does not require the use of any machine for processing as it can be exported raw .Processing of  bitter kola to meet international  standards is very simple and can be learnt by anybody with or without serious educational background. One fact is also clear, exporting bitter kola can be raw (not processed) or fully processed and can accommodate  small and medium scale investors.
The requirement of each buyer must be fully understood by the prospective exporters to avoid problem of non- payment of export proceeds.
The current local price of bitter kola   depnds  on the area of purchase and also the quantity. But generally speaking, the price ranges
between N500   and N800 per kilo. The export price also depends on
1)    Quantity
2)    Type(raw/processed)
3)    Packaging
4)    Payment term
Bitter kola has very high commercial value both locally and internationally .This is because bitter kola is seen in almost all local markets and also on for online purchase in addition, the local purchase is very high while that of international market is even higher.
The demand is associated with the great medical value, as in the preparation of dietary supplements and herbal remedies for sickness such as cough other uses includes stimulant in breweries
Bitter kola is classified under the following
1.Fruits
2.Spice
3.Herbs
4.As supplements
The above classifications make it possible to locate the right buyers in the international market.
As a matter of fact ,large market for bitter kola exist in American countries such as United States Of America, Canada and Mexico. There are other buyers in countries like Indonesia where herbal remedy is in greater demand.
 
EXPORT MARKET
        The situation, especially on price depends to an extent the level negotiation between the buyer and the seller and the quantity. Some exporters from Ghana and other African countries offer theirs for as such as 30$ per k.g. Generally speaking, the commonly acceptable price is between 20$ TO 26$
local price on the other hand range from  10Naira per seed to 2 seeds for 10Naira.
This local price is a function of the point of purchase. For example, bitter kola price in  lagos  is the one       qouted above .Prices from other local areas like in the east or other villages in Ondo state are cheaper than this.
     Bitter kola can be exported fresh or dried depending on the buyers requirement. The packaging arrangement also depends on how the buyer wants it.
HOW TO GET BUYERS
You can get buyers from  www.germanybusinesshub.com, www.alibaba.com,  and  (NEPC) NATIONAL EXPORT PROMOTION COUNCIL DATABASE. OR CALL MR. IDOWU PROMOTION MANAGER NEPC ON  08033544080

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