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NGN 8,000.00 per unit

This is method of buying during the year, when the commodity is abundant, and selling only when it becomes scarce. Usually in Nigeria, palm oil sells cheapest between February and June (because it is abundant during this time of the year), and market prices go up between October and January. So, if you buy 1000 liters of palm oil when it’s cheap, keep it, and sell it when the prices go up, you can make between 10% - 30% profit or even more depending on the scarcity and on your location within Nigeria. It’s the same story in other countries where there is huge demand for palm oil.

Categories: PALM OIL STORAGE, Location: Ogun