What is Cashew Nut Kernels?

The cashew tree (Anacardium occidentale) is a tropical evergreen tree that produces the cashew seed and the cashew apple accessory fruit. The tree can grow as high as 14 m (46 ft), but the dwarf cultivars, growing up to 6 m (20 ft), prove more profitable, with earlier maturity and greater yields. The cashew seed is commonly considered a snack nut (Cashew Nut Kernels) eaten on its own, used in recipes, or processed into cashew cheese or cashew butter. Like the tree, the nut is often simply called cashew. Cashew allergies are triggered by the proteins found in tree nuts, and cooking often does not remove or change these proteins.

Cashews are a kidney-shaped seed sourced from the cashew tree — a tropical tree native to Brazil but now cultivated in various warm climates across the world. While “raw” cashews are widely sold, truly raw cashews are not safe to eat, as they contain a substance known as urushiol, found in poison ivy. Urushiol is toxic, and contact with it can trigger a skin reaction in some people. Cashew kernels are cooked in processing to remove this toxic liquid, and this resulting product is sold as “raw”. Although commonly referred to as tree nuts, and nutritionally comparable to them, cashews are really seeds. They’re rich in nutrients and beneficial plant compounds and make for an easy addition to many dishes. Like most nuts, cashews may also help improve your overall health. They’ve been linked to benefits like weight loss, improved blood sugar control, and a healthier heart.

The Origin, Spread and Uses of Cashew Nut Kernels

Culinary uses for cashew seeds in snacking and cooking are similar to those for all tree seeds called nuts. Cashews are commonly used in South Asian cuisine, whole for garnishing sweets or curries, or ground into a paste that forms a base of sauces for curries (e.g., korma), or some sweets (e.g., kaju barfi). It is also used in powdered form in the preparation of several Indian sweets and desserts. In Goan cuisine, both roasted and raw kernels are used whole for making curries and sweets.

Cashews are also used in Thai and Chinese cuisines, generally in whole form. In the Philippines, cashew is a known product of Antipolo, and is eaten with suman. The province of Pampanga also has a sweet dessert called turrones de casuy, which is cashew marzipan wrapped in white wafers. In Indonesia, roasted and salted cashews are called kacang mete or kacang mede, while the cashew apple is called jambu monyet (lit. ‘monkey rose apple’).

In the 21st century, cashew cultivation increased in several African countries to meet the demands for manufacturing cashew milk, a plant milk alternative to dairy milk. In Mozambique, bolo polana is a cake prepared using powdered cashews and mashed potatoes as the main ingredients. This dessert is popular in South Africa. In Brazil, cashew fruit juice and the fruit pulp are used in the production of sweets, juice, mixed with alcoholic beverages such as cachaça, and as a flour, milk, or cheese. In Panama, the cashew fruit is cooked with water and sugar for a prolonged time to make a sweet, brown, paste-like dessert called dulce de marañón (marañón being a Spanish name for cashew).

Cashew Nut Kernels Oil

The shell of the Cashew Nut Kernels contains oil compounds that can cause contact dermatitis similar to poison ivy, primarily resulting from the phenolic lipids, anacardic acid, and cardamom. Due to the possible dermatitis, cashews are typically not sold in the shell to consumers. Readily and inexpensively extracted from the waste shells, cardanol is under research for its potential applications in nanomaterials and biotechnology.

Cashew Nut Kernels oil is a dark yellow oil derived from pressing the Cashew Nut Kernelss (typically from lower value broken chunks created accidentally during processing), and is used for cooking or as a salad dressing. The highest quality oil is produced from a single cold pressing. Discarded Cashew Nut Kernels unfit for human consumption, alongside the residues of oil extraction from cashew kernels, can be used to feed livestock. Animals can also eat the leaves of cashew trees.

As well as the nut and fruit, the plant has several other uses. In Cambodia, the bark gives a yellow dye, the timber is used in boat-making, and for house-boards, and the wood makes excellent charcoal. The shells yield a black oil used as a preservative and water-proofing agent in varnishes, cements, and as a lubricant or timber seal. Timber is used to manufacture furniture, boats, packing crates, and charcoal. Its juice turns black on exposure to air, providing an indelible ink.

What’s The Harvest Season for Cashew Nut Kernels?

Cashews are usually harvested between February – May. The nuts start to develop after about eight weeks following pollination. The nuts should be harvested as soon as possible and should be dried before storage. Cashews only produce after the third year of planting and can go on producing for about ten years.

Health Benefits of Cashew Nut Kernels

The following highlights its many benefits and the kinds of activity it is believed to:

• Help you lose weight
• Improve heart health
• Effective for people with type 2 diabetes
• Helps Bone health
• Reduces Gallstones
• Prevent cardiovascular diseases
• Help lower the blood pressure
• Immunity booster
• May help strengthen bones
• Help boost brain functions
• Beneficial for hair
• Good for eye health
• May increase male fertility

Top Exporting & Importing Countries Of Cashew Nut Kernels

Below are the Cashew Nut Kernels exporting and importing countries:

• Vietnam           66.46%
• India     9.28%
• Netherlands      6.07%
• Germany          4.59%
• Ivory Coast       2.51%
• Brazil    2.07%
• Mozambique    1.19%
• Indonesia         1.04%
• Nigeria 0.69%

Some of the leading importers of Cashew Nut Kernels are:

• United States    27.2%
• Germany          12.12%
• Netherlands      8.34%
• China    3.68%
• United Kingdom            3.65%
• Vietnam           3.53%
• France  2.92%
• Australia           2.69%
• United Arab Emirates    2.67%  

How To Safely Source for Your Produce

If you find the right export company, buying directly from them can make the purchase process easy and stress-free, when compared with doing the sourcing on your own. That said, there are few things to note when dealing with an export company in Nigeria or Africa. The specific requirements for Nigeria are listed below, but they mostly apply to other African countries:

• The exporting company must be registered with the Corporate Affairs Commission (CAC) to make sure the company is registered and permitted to carry out business operations.
• The export company must also be registered with the Nigerian Export Promotion Council (NEPC).
• The company must possess a domiciliary account to accept international payments.

The company should get all necessary export-related documentation done before the shipment leaves the port of origin. Some of the documents are:

• Certificate of origin
• Bill of lading
• Inspection Certificate (SGS, Cotecna, Bureau Veritas, Intertek, etc)
• Phytosanitary certificate
• Fumigation certificate

Where To Find Reliable Exporters

An important question that still needs to be answered is how to find Cashew Nut Kernels exporters in Nigeria. You can use any of the methods listed below:

• Attend trade fairs
• Use search engines like Google, Yahoo, etc.
• Search for agents on Linkedln
• Sign up on trade platforms (e.g. Alibaba, Tradeford, Go4WorldBusiness)

Renamy Global Resources Ltd offers a reliable global order fulfilment solution for Cashew Nut Kernels and other agric produce. Our end-to-end supply chain solution makes the export of quality Cashew Nut Kernels easy, quick and safe. From the point of placing your order till it successfully gets delivered, we ensure you have nothing to worry about.

Price Of Cashew Nut Kernels

The unit price of Cashew Nut Kernels depends on a host of different factors including:

• The grade of the produce (usually the more the processing, the higher the price)
• The price of the raw material
• Age of the seeds (this can affect the price)
• The quantity ordered (the greater the quantity, the cheaper you can get it per ton)
• Harvest season (it is more costly when it is out of harvest season).
• Freight & haulage cost
• Percentage of markup
• Import duties
• Distance from the country of origin
• Technology/Infrastructure available in country of origin
• Relationship between the buyer and seller

That said, as at January 2025, the price of Cashew Nut Kernels is USD 10.52/Kg

How To Pay For Your Cashew Nut Kernels

You can pay for your Cashew Nut Kernels using different methods, but three of the popular ways of paying for your agric produce are:

• Bank (T/T) Payment
• Advance Payment
• Letter of Credit (LC)

Bank Payment (T/T)

Bank payment is also known as T/T, “Telegraphic Transfer” or “Telex Transfer” In other words, it is an international wire of funds from the buyer’s bank to the seller’s bank.

A T/T is technically not the same as a wire transfer, which is often done through the SWIFT network. However, when a seller or supplier asks for a T/T payment, a wire transfer is what they are really asking for.

The wire transfer based on the SWIFT system is the most common payment method in international trade. Typically, it takes 3-5 working days to clear, and generally costs between 25 and 50 USD, depending on your agreement with the commercial department in your bank.

Advance Payment

There are sellers that will demand anywhere from 30% to 50% advance payment, and for good reason. If both parties have done deals in the past, sellers can ask for a percentage of the sales (about 30%) before they ship the produce and they can request for the remaining amount after a scanned copy of the Bill of Lading has been sent to the buyer.

It is the safest option for exporters and it also guarantees that they will have some funds to help with sourcing. It is popular among manufacturers on B2B marketplaces like Alibaba and also with commodity traders.

However, advance payment carries considerable risk for the importer (buyer) because the exporter (seller) might not be under as much pressure to ensure quality checks compared with a stricter form of payment. Some might even disappear entirely.

Having said that, advance payment is very useful and is widely used. For instance, the seller might need to secure the commodity in the face of increased competition. It can also be used when the exporter needs some money for sourcing the produce or for processing raw materials.

The most important thing is for both importer and exporter to build mutual trust by having a track record of successful deals with each other or other known companies.

Letter of Credit (L/C)

Letter of Credit is an agreement generated by the bank of the buyer, guaranteeing payment once certain conditions are met. It is one of the safest types of payment available to both buyer and seller.

Some of the types of Letter of Credit are:

• Commercial Letter of Credit,
• Sight Letter of Credit
• Transferrable or Non-Transferable Letter of Credit
• Standby Letter of Credit (SBLC)
• Usance or Deferred Payment Letter of Credit
• Revocable or Irrevocable Letter of Credit
• Confirmed or Unconfirmed Letter of Credit
• Revolving Letter of Credit
• Green Clause Letter of Credit
• Red Clause Letter of Credit

L/Cs are not totally safe (for either buyer or seller) too. For instance, sellers can ship substandard products or those that are different from the ones agreed upon. In this case, the seller gets paid and the buyer receives good he cannot use.

And speaking of the dangers of L/Cs for the exporter, the conditions in the Letter of credit might be practically impossible to fulfil; if an exporter agrees to such, he might be unable to receive payment. A report stated that of the letters of credit received in the UK, 50% are unworkable while 70% are rejected by the banks for payment.

Shipping & Delivery Terms

When shipping your products, it is important to take note of a few factors:

Order Quantity

For smaller shipments, airfreight is often the preferred option but as the order volume increases, sea freight could become significantly cheaper. Usually when the order is close to a full container load (20 ft), sea freight is used. Despite all these, the Covid-19 pandemic has caused an increase in cost of delivery of products.

Cost of Delivery

When the order is of a large volume, sea freight often turns out cheaper than air freight. In fact, airfreight could be up to 6 times more costly than sea freight if the volume is large enough.

Time of Delivery

Sometimes, time will be more important to the buyer than the cost of delivering the produce. In this case, air freight will be the logical option (as stated above, the cost will be more). But if you have more time as a buyer, you should strongly consider using sea freight.

Incoterms

Incoterms refer to generally accepted shipping and payments terms. For example, buyers that have representatives in the source country or that can negotiate with the freight company can use the Free of Board (FOB) terms, since it gives them more control and can save them some money.

However, if the shipment is small or the buyer doesn’t have an extensive network to effectively handle payment for freight, insurance and port charges, he will be better off choosing the Cost-Insurance-Freight (CIF) payment option.

Import Your Cashew Nut Kernels The Right Way with Renamy Global Resources Ltd

We are a trusted global order fulfilment and sourcing solution company with deep expertise in the Cashew Nut Kernels industry. Our end-to-end supply chain solution makes the export of quality Cashew Nut Kernels easy, quick and safe. Whichever region of the world you are, be it Europe, Asia, USA, Canada, Africa, South America or Oceania, you can reliably order your agric products and we will ensure it is successfully delivered to you.

Our Cashew Nut Kernels trade specifications are listed below:

• Origin: Nigeria
• Product Name: Cashew Nut Kernels
• Product Types: Nil
• Physical Specification: Based On Buyer’s Specification
• Quantity: Based On Buyer’s Specification
• MOQ: 20 Metric Tonnes
• Trade Process: Ex Works/FOB/CIF
• Inspection: SGS/Cotecna/Intertek/Bureau Veritas
• Packaging: Based On Buyer’s Specification
• Payment Method: TT (Bank Transfer) or  L/CMass Image Compressor Compressed this image. https://sourceforge.net/projects/icompress/ with Quality:64
• Shipping Time: 15 to 25 Days After Confirmation of TT or L/C
• Loading Port: Lagos, Nigeria or Tema, Ghana

Expected Shipping Documents

• Bill of Lading
• Certificate of Origin
• SGS Inspection Certificate
• Phytosanitary Certificate
• Fumigation Certificate
• Commercial Invoice
• Packing List

What is Shea Nut?

The shea tree (also called Vitellaria paradoxa) is a small to medium-sized deciduous tree that grows to a height of 15-25 m. The leaves are arranged in a spiral form and are mostly in dense clusters at branch terminals. The fruit of the shea tree is initially green in colour but turns yellowish green or brown when mature; the shea fruit looks like a giant plum, it contains 1 or 2-seeds, is shaped like an ellipsoid (4-8 cm) and weighs 10-50 g. During the dry season, sheanut fruits provide energy. Sheanut butter, made from the huge fleshy seeds, has around 45 percent edible lardlike fat, which is utilized in food and cosmetics. Sheanut cake or meal, a by-product of the butter extraction, can be utilized as a feed. Shea nuts are obtained from the shea tree that is indigenous to many parts of Africa. The shea nut is the seed of the fruit of the shea tree. The fruit portion is typically removed to retrieve the hard-shelled nut. Shea nut is a very oil-rich seed.

The English word “shea” comes from s’í, the tree’s name in Bambara. It is known by many local names, such as kpakahili in the Dagbani language, taama in the Wali language, kuto in Twi, kaɗe or kaɗanya in Hausa, òkwùmá in the Igbo language, òrí in the Yoruba language, karité in the Wolof language of Senegal, and ori in some parts of West Africa and many others.

The Origin, Spread and Uses of Shea Nut?

The shea tree grows wild in West Africa’s arid savannah belt, from Senegal in the west to Sudan in the east, and up into the Ethiopian highlands’ foothills. It covers roughly 1,000 kilometers of savanna and 1 million square kilometers of woodland grassland (about 500 million trees) in 22 nations across the region. Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Ethiopia, Eritrea, Ghana, Guinea Bissau, Ivory Coast, Mali, Niger, Nigeria, Senegal, Sierra Leone, South Sudan, Sudan, Togo, Uganda, Democratic Republic of the Congo, Kenya, and Guinea are among the countries where shea butter can be found.

Shea butter manufacture was documented by a testa discovered on the site of the medieval settlement of Saouga in the 14th century. It grows on a variety of soils, such as clay, sandy clay, sand, stony soil and laterites. It prefers colluvial slopes with moderately moist, deep soils, rich in organic matter.

Processing and Uses of Shea Butter and Shea Nut

Shea butter is an oil extracted from the kernel of the shea tree (Vitellaria paradoxa, Butyrospermum parkii). It thrives in the wild, where it receives no particular care or nourishment. Every aspect of this native tree has been discovered to be helpful. The shea tree has a useful fruit-bearing life span of 15–20 years, despite its modest initial growth. When clearing land for other agricultural activities under the indigenous farming system, Shea trees are conserved and its exclusive cultivation is restricted to avoid shading other crops; yet, the weeding and soil fertility management practices used for other crops also aid shea tree growth.

The shea fruit leads to the derivation of the shea nut, which contains the shea kernel. The kernel is the source of shea butter, which is removed via an arduous 22-step process (mostly by rural women) that takes several hours to create 1 kg of butter. It is estimated that 300,000 and 400,000 rural women are involed in the shea butter value chain.

Shea butter is mainly used in the cosmetics industry for skin- and hair-related products (lip gloss, lip stick, skin moisturizer creams and emulsions, and hair conditioners for dry and brittle hair). It is also used by soap makers and massage oil manufacturers, typically in small amounts, because it has plenty of unsaponifiables, and higher amounts result in a softer soap that has less cleaning ability. Shea butter is used as a cooking oil, a waterproofing wax, for hairdressing, candlemaking, and as an ingredient in medicinal ointments in several African countries, such as Benin. It’s used by traditional African percussion instrument builders to make wood (such carved djembe shells), dried calabash gourds, and leather tuning straps more durable.

Health Benefits of Shea Nut

Shea butter is a fat produced from the shea tree’s nuts. It has an off-white or ivory tint and is solid at warm temperatures. For ages, shea butter has been utilized as a cosmetic ingredient. It’s a terrific product for smoothing, calming, and conditioning your skin because of its high content of vitamins and fatty acids, as well as its easy-to-spread consistency. Here are benefits of Shea nut to human health are:

• Treats Dermatitis, Psoriasis, And Eczema
• Moisturizes Dry Skin
• Treats Acne And Blemishes
• Reduces Skin Inflammation
• Anti-Aging And Anti-Free Radical Agent
• Provides Relief To Itchy And Peeling Skin
• Restores The Elasticity Of The Skin
• Reduce Razor Irritation And Bumps
• Reduces Stretch Marks
• Cures Insect Bites
• Wound Healing
• Helps Treat Diarrhea
• Lowers Cholesterol
• Cures Nasal Inflammation And Nasal Congestion
• Cures Arthritis
• Treats Rheumatism
• Helps Soothe Skin And Baby Diaper Rash
• Excellent Lip Care
• Repairs Damaged Hair
• Soothes Dry And Itchy Scalp
• Prevents Hair Loss
• Effective Natural Conditioner, and so on.

Top Exporting & Importing Countries of Shea Nut

Shea nuts are very common in West-Africa indeed. As you can see, Nigeria is the main producer, followed by Mali. Nigeria produces around 450,000 metric tons per year.

• Nigeria (54.1%)
• Mali (25.5%)
• Burkina Faso (6.8%)
• Ghana (5.0%)
• Ivory Coast (4.6%)
• Benin (2.1%)
• Togo (1.9%)

Some of the leading importers of Shea nut are:

• United States (17.59%)
• Germany (11.86%)
• Netherland (6.48%)
• South Korea (6%)
• Spain (5.35%)
• United Kingdom (4.31%)
• Austria (3.94%)
• India (3.87%)
• France (3.81%)

How To Safely Source for Your Shea Nut Produce

If you find the right export company, buying directly from them can make the purchase process easy and stress-free, when compared with doing the sourcing on your own. That said, there are few things to note when dealing with an export company in Nigeria or Africa. The specific requirements for Nigeria are listed below, but they mostly apply to other African countries:

The exporting company must be registered with the Corporate Affairs Commission (CAC) to make sure the company is registered and permitted to carry out business operations.

The export company must also be registered with the Nigerian Export Promotion Council (NEPC).

The company must possess a domiciliary account to accept international payments.

The company should get all necessary export-related documentation done before the shipment leaves the port of origin. Some of the documents are:

• Certificate of origin
• Bill of lading
• Inspection Certificate (SGS, Cotecna, Bureau Veritas, Intertek, etc)
• Phytosanitary certificate
• Fumigation certificate

Where To Find Reliable Exporters

An important question that still needs to be answered is how to find shea nut exporters in Nigeria. You can use any of the methods listed below:

• Attend trade fairs
• Use search engines like Google, Yahoo, etc.
• Search for agents on Linkedln
• Sign up on trade platforms (e.g. Alibaba, Tradeford, Go4WorldBusiness)

Renamy Global Resources Ltd offers a reliable global order fulfilment solution for Shea nut and other agric produce. Our end-to-end supply chain solution makes the export of quality shea nut easy, quick and safe. From the point of placing your order till it successfully gets delivered, we ensure you have nothing to worry about.

International Price of Shea Nut Per Metric Ton

The unit price ($ per kg) of Shea Nut in the international market depends on a host of different factors including:

• The grade of the produce (usually the more the processing, the higher the price)
• The price of the raw material
• Age of the seeds (this can affect the price)
• The quantity ordered (the greater the quantity, the cheaper you can get it per ton)
• Harvest season (it is more costly when it is out of harvest season).
• Freight & haulage cost
• Percentage of markup
• Import duties
• Distance from the country of origin
• Technology/Infrastructure available in country of origin
• Relationship between the buyer and seller

That said, as at July 2022, quality shea nut costs between $500 and $1,000 per metric ton (1,000 kilograms) in the international market (i.e. $0.5/kg to $1/kg).

How To Pay For Your Shea Nut Produce

You can pay for your kola nut using different methods, but three of the popular ways of paying for your agric produce are:

• Bank (T/T) Payment
• Advance Payment
• Letter of Credit (LC)

Bank Payment (T/T)

Bank payment is also known as T/T, “Telegraphic Transfer” or “Telex Transfer” In other words, it is an international wire of funds from the buyer’s bank to the seller’s bank.

A T/T is technically not the same as a wire transfer, which is often done through the SWIFT network. However, when a seller or supplier asks for a T/T payment, a wire transfer is what they are really asking for.

The wire transfer based on the SWIFT system is the most common payment method in international trade. Typically, it takes 3-5 working days to clear, and generally costs between 25 and 50 USD, depending on your agreement with the commercial department in your bank.

Advance Payment

There are sellers that will demand anywhere from 30% to 50% advance payment, and for good reason. If both parties have done deals in the past, sellers can ask for a percentage of the sales (about 30%) before they ship the produce and they can request for the remaining amount after a scanned copy of the Bill of Lading has been sent to the buyer.

It is the safest option for exporters and it also guarantees that they will have some funds to help with sourcing. It is popular among manufacturers on B2B marketplaces like Alibaba and also with commodity traders.

However, advance payment carries considerable risk for the importer (buyer) because the exporter (seller) might not be under as much pressure to ensure quality checks compared with a stricter form of payment. Some might even disappear entirely.

Having said that, advance payment is very useful and is widely used. For instance, the seller might need to secure the commodity in the face of increased competition. It can also be used when the exporter needs some money for sourcing the produce or for processing raw materials.

The most important thing is for both importer and exporter to build mutual trust by having a track record of successful deals with each other or other known companies.

Letter of Credit

Letter of Credit is an agreement generated by the bank of the buyer, guaranteeing payment once certain conditions are met. It is one of the safest types of payment available to both buyer and seller.

Some of the types of Letter of credit are:

• Commercial Letter of Credit,
• Sight Letter of Credit
• Transferrable or Non-Transferable Letter of Credit
• Standby Letter of Credit (SBLC)
• Usance or Deferred Payment Letter of Credit
• Revocable or Irrevocable Letter of Credit
• Confirmed or Unconfirmed Letter of Credit
• Revolving Letter of Credit
• Green Clause Letter of Credit
• Red Clause Letter of Credit

L/Cs are not totally safe (for either buyer or seller) too. For instance, sellers can ship substandard products or those that are different from the ones agreed upon. In this case, the seller gets paid and the buyer receives good he cannot use.

And speaking of the dangers of L/Cs for the exporter, the conditions in the Letter of credit might be practically impossible to fulfil; if an exporter agrees to such, he might be unable to receive payment. A report stated that of the letters of credit received in the UK, 50% are unworkable while 70% are rejected by the banks for payment.

Shipping & Delivery Terms

When shipping your products, it is important to take note of a few factors:

Order Quantity

For smaller shipments, airfreight is often the preferred option but as the order volume increases, sea freight could become significantly cheaper. Usually when the order is close to a full container load (20 ft), sea freight is used. Despite all these, the Covid-19 pandemic has caused an increase in cost of delivery of products.

Cost of Delivery

When the order is of a large volume, sea freight often turns out cheaper than air freight. In fact, airfreight could be up to 6 times more costly than sea freight if the volume is large enough.

Time of Delivery

Sometimes, time will be more important to the buyer than the cost of delivering the produce. In this case, air freight will be the logical option (as stated above, the cost will be more). But if you have more time as a buyer, you should strongly consider using sea freight.

Incoterms

Incoterms refer to generally accepted shipping and payments terms. For example, buyers that have representatives in the source country or that can negotiate with the freight company can use the Free of Board (FOB) terms, since it gives them more control and can save them some money.

However, if the shipment is small or the buyer doesn’t have an extensive network to effectively handle payment for freight, insurance and port charges, he will be better off choosing the Cost-Insurance-Freight (CIF) payment option.

Import Shea Nut The Right Way with Renamy Global Resources Ltd

We are a trusted global order fulfilment and sourcing solution company with deep expertise in the Shea Nut industry. Our end-to-end supply chain solution makes the export of quality Shea nut easy, quick and safe. Whichever region of the world you are, be it Europe, Asia, USA, Canada, Africa, South America or Oceania, you can reliably order your agric products and we will ensure it is successfully delivered to you.

Our Shea Nut trade specifications are listed below:

• Origin: Nigeria
• Product Name: Shea Nut
• Physical Specification: Based On Buyer’s Specification
• Quantity: Based On Buyer’s Specification
• MOQ: 10 Metric Tonnes
• Trade Process: Ex Works/FOB/CIF
• Oleic acid: 40–60% Max
• Stearic acid: 20–50% Max
• Linoleic acid: 3–11% Max
• Palmitic acid: 2–9% Max
• Linolenic acid: <1% Max
• Arachidic acid: <1% max
• Moisture Content: 8% Max
• Other Colours: 5% Max
• Inspection: SGS/Cotecna/Intertek/Bureau Veritas
• Packaging: Based On Buyer’s Specification
• Payment Method: TT (Bank Transfer) or  L/C
• Shipping Time: 15 to 25 Days After Confirmation of TT or L/C
• Loading Port: Lagos, Nigeria or Tema, Ghana

Expected Shipping Documents

• Bill of Lading
• Certificate of Origin
• SGS Inspection Certificate
• Phytosanitary Certificate
• Fumigation Certificate
• Commercial Invoice
• Packing List

 What is Bitter (Garcinia) Kola?

Bitter Kola (also called Garcinia kola) is an edible seed, which belongs to a unique group of plants that help organisms to adapt to stress by influencing multiple regulatory systems responsible for stimulus–response coupling such as the immune system and act also as a general anti-infective agent. G. kola, commonly known as bitter kola or male kola, is used in traditional African medicine for the treatment of various infectious diseases, such as hepatitis, infections due to the influenza virus and other viral diseases. The plant elaborates a complex mixture of biflavonoids, prenylated benzophenones, xanthones and calanolide-type coumarines. Recently, Axxon Biopharm Inc. has presented dietary supplements containing G. kola extractives as the main constituent. These products were standardized using the biflavonoids, GB1, GB2 and kolaflavonone as the marker compounds.

Garcinia kola (Bitter kola) fruits are harvested annually between July and October, which makes it a highly seasonal product. Bitter kola fruits are smooth and elliptically shaped, with yellow pulp and brown seed coat. Garcinia kola has economic value across West African countries where the seeds are commonly chewed and used for traditional ceremonies and medicines. It is highly valued for its perceived medicinal attributes, and the fact that consumption of large quantities does not cause indigestion (as cola nuts do) makes it a highly desired product

Health Benefits of Bitter Kola

Bitter Kola is a plant from Africa and it has a lot of health benefits. Almost all the parts on this plant can be used for health purpose. Bitter kola is a highly valued ingredient in African ethno medicine because of its varied and numerous uses which are social and medicinal. Medicinal plants such as G. kola are believed to be an important source of new chemical substances with potential therapeutic benefits.

Below are some of the benefits of bitter kola:

• Cold and fever remedy
• Treating malaria
• Weight Loss
• Prevent diabetes
• Treatment of erectile dysfunction
• Anti-cancerous
• Antimalarial agent
• fight glaucoma
• improve the immune system
• improve the function of the lungs
• remedy for osteoarthritis
• aphrodisiac credentials
• Traditional medicine
• Repellant for snakes
• Life Prolongation
• Anti-Poison

Top Exporting & Importing Countries of Bitter Kola

Bitter kola is a medium sized forest tree found throughout West and Central Africa, also found in large quantities in South, East and Western States of Nigeria. It is a wonderful agricultural product with a wide range of applications in natural and orthodox medicine. Bitter kola is also used for brewery purposes and that has been the reason why bitter kola is demanded in small and in large quantities by the international market.

• Nigeria (principal producer of bitter kola producing about 150, 000 tons of which 90% is consumed locally)
• Benin
• Cameroon
• Democratic Republic of the Congo
• Ivory Coast
• Gabon
• Ghana
• Liberia
• Senegal
• Sierra Leone.

Some of the leading importers of Bitter Kola are:

• USA
• Britain
• Germany
• France
• Italy
• China
• Japan
• India
• Thailand
• Indonesia

How To Safely Source for Your Bitter (Garcinia) Kola Produce

If you find the right export company, buying directly from them can make the purchase process easy and stress-free, when compared with doing the sourcing on your own. That said, there are few things to note when dealing with an export company in Nigeria or Africa. The specific requirements for Nigeria are listed below, but they mostly apply to other African countries:

The exporting company must be registered with the Corporate Affairs Commission (CAC) to make sure the company is registered and permitted to carry out business operations.

The export company must also be registered with the Nigerian Export Promotion Council (NEPC).

The company must possess a domiciliary account to accept international payments.

The company should get all necessary export-related documentation done before the shipment leaves the port of origin. Some of the documents are:

• Certificate of origin
• Bill of lading
• Inspection Certificate (SGS, Cotecna, Bureau Veritas, Intertek, etc)
• Phytosanitary certificate
• Fumigation certificate

Where To Find Reliable Exporters

An important question that still needs to be answered is how to find sesame seed exporters in Nigeria. You can use any of the methods listed below:

• Attend trade fairs
• Use search engines like Google, Yahoo, etc.
• Search for agents on Linkedln
• Sign up on trade platforms (e.g. Alibaba, Tradeford, Go4WorldBusiness)
• Renamy Global Resources Ltd– We are one of the reliable Bitter Kola exporters in Nigeria. We are also rated among the best in the exporting business in Nigeria. The company is not limited to the exportation of Bitter Kola alone but can export other agricultural produce ranging from perishables to dry seeds.

International Price of Bitter (Garcinia) Kola Per Metric Ton

The unit price ($ per kg) of Bitter Kola in the international market depends on a host of different factors including:

• The grade of the produce (usually the more the processing, the higher the price)
• The price of the raw material
• Age of the seeds (this can affect the price)
• The quantity ordered (the greater the quantity, the cheaper you can get it per ton)
• Harvest season (it is more costly when it is out of harvest season).
• Freight & haulage cost
• Percentage of markup
• Import duties
• Distance from the country of origin
• Technology/Infrastructure available in country of origin
• Relationship between the buyer and seller

That said, as at July 2022, bitter (garcinia) kola costs between $12,000 and $25,000 per metric ton (1,000 kilograms) in the international market (i.e. $12/kg to $25/kg)

How To Pay For Your Bitter Kola Produce

You can pay for Bitter Kola using different methods, but three of the popular ways of paying for your agric produce are:

• Bank (T/T) Payment
• Advance Payment
• Letter of Credit (LC)

Bank Payment (T/T)

Bank payment is also known as T/T, “Telegraphic Transfer” or “Telex Transfer” In other words, it is an international wire of funds from the buyer’s bank to the seller’s bank.

A T/T is technically not the same as a wire transfer, which is often done through the SWIFT network. However, when a seller or supplier asks for a T/T payment, a wire transfer is what they are really asking for.

The wire transfer based on the SWIFT system is the most common payment method in international trade. Typically, it takes 3-5 working days to clear, and generally costs between 25 and 50 USD, depending on your agreement with the commercial department in your bank.

Advance Payment

There are sellers that will demand anywhere from 30% to 50% advance payment, and for good reason. If both parties have done deals in the past, sellers can ask for a percentage of the sales (about 30%) before they ship the produce and they can request for the remaining amount after a scanned copy of the Bill of Lading has been sent to the buyer.

It is the safest option for exporters and it also guarantees that they will have some funds to help with sourcing. It is popular among manufacturers on B2B marketplaces like Alibaba and also with commodity traders.

However, advance payment carries considerable risk for the importer (buyer) because the exporter (seller) might not be under as much pressure to ensure quality checks compared with a stricter form of payment. Some might even disappear entirely.

Having said that, advance payment is very useful and is widely used. For instance, the seller might need to secure the commodity in the face of increased competition. It can also be used when the exporter needs some money for sourcing the produce or for processing raw materials.

The most important thing is for both importer and exporter to build mutual trust by having a track record of successful deals with each other or other known companies.

Letter of Credit

Letter of Credit is an agreement generated by the bank of the buyer, guaranteeing payment once certain conditions are met. It is one of the safest types of payment available to both buyer and seller.

Some of the types of Letter of credit are:

• Commercial Letter of Credit,
• Sight Letter of Credit
• Transferrable or Non-Transferable Letter of Credit
• Standby Letter of Credit (SBLC)
• Usance or Deferred Payment Letter of Credit
• Revocable or Irrevocable Letter of Credit
• Confirmed or Unconfirmed Letter of Credit
• Revolving Letter of Credit
• Green Clause Letter of Credit
• Red Clause Letter of Credit

L/Cs are not totally safe (for either buyer or seller) too. For instance, sellers can ship substandard products or those that are different from the ones agreed upon. In this case, the seller gets paid and the buyer receives good he cannot use.

And speaking of the dangers of L/Cs for the exporter, the conditions in the Letter of credit might be practically impossible to fulfil; if an exporter agrees to such, he might be unable to receive payment. A report stated that of the letters of credit received in the UK, 50% are unworkable while 70% are rejected by the banks for payment.

Shipping & Delivery Terms

When shipping your products, it is important to take note of a few factors:

Order Quantity

For smaller shipments, airfreight is often the preferred option but as the order volume increases, sea freight could become significantly cheaper. Usually when the order is close to a full container load (20 ft), sea freight is used. Despite all these, the Covid-19 pandemic has caused an increase in cost of delivery of products.

Cost of Delivery

When the order is of a large volume, sea freight often turns out cheaper than air freight. In fact, airfreight could be up to 6 times more costly than sea freight if the volume is large enough.

Time of Delivery

Sometimes, time will be more important to the buyer than the cost of delivering the produce. In this case, air freight will be the logical option (as stated above, the cost will be more). But if you have more time as a buyer, you should strongly consider using sea freight.

Incoterms

Incoterms refer to generally accepted shipping and payments terms. For example, buyers that have representatives in the source country or that can negotiate with the freight company can use the Free of Board (FOB) terms, since it gives them more control and can save them some money. However, if the shipment is small or the buyer doesn’t have an extensive network to effectively handle payment for freight, insurance and port charges, he will be better off choosing the Cost-Insurance-Freight (CIF) payment option.

Import Bitter (Garcinia) Kola The Right Way with Renamy Global Resources Ltd

We are a trusted global agric order sourcing and fulfilment company with deep expertise in the bitter/garcinia kola industry. Our end-to-end supply chain solution makes the export of quality bitter/garcinia kola nut easy, quick and safe. Whichever region of the world you are, be it Europe, Asia, USA, Canada, Mexico, Africa, South America or Oceania, you can reliably order your agric products and we will ensure it is successfully delivered to you.

Our Bitter Kola Trade Specifications are listed below:

• Origin: Nigeria
• Product Name: Bitter (Garcinia) Kola
• Physical Specification: Based On Buyer’s Specification
• Quantity: Based On Buyer’s Specification
• MOQ: 10 Metric Tonnes
• Trade Process: Ex Works/FOB/CIF
• Admixture/Impurities: 2% Max
• Inspection: SGS/Cotecna/Intertek/Bureau Veritas
• Packaging: Based On Buyer’s Specification
• Payment Method: TT (Bank Transfer) or L/C
• Shipping Time: 15 to 25 Days After Confirmation of TT or L/C
• Loading Port: Lagos, Nigeria or Tema, Ghana

Expected Shipping Documents

• Bill of Lading
• Certificate of Origin
• SGS Inspection Certificate
• Phytosanitary Certificate
• Fumigation Certificate
• Commercial Invoice
• Packing List

What is Kola Nut?

The kola nut is a caffeine-rich nut found on evergreen Cola trees, mainly Cola acuminata and Cola nitida species. Cola acuminata is a 20-meter-tall evergreen tree with long, ovoid leaves that are pointed at both ends and have a leathery texture. The flowers are cream with purplish-brown striations, and the fruit is star-shaped with 5 follicles. A dozen prismatic seeds form in a white seed-shell inside each follicle. The aroma of the nut is pleasant and rose-like. The initial flavor is bitter, but it sweetens as you chew. The caffeine in the nut can be extracted by boiling it.

Health Benefits of Kola Nut

The kola nut has a bitter flavor and contains caffeine. It is chewed in many West African countries, in both private and social settings. It is often used ceremonially, presented to chiefs or guests. In folk medicine, kola nuts are considered useful for aiding digestion when ground and mixed with honey and are used as a remedy for coughs.

Kola nuts are perhaps best known to Western culture as a flavoring ingredient and one of the sources of caffeine in cola and other similarly flavored beverages, although kola nut extract is no longer used in major commercial cola drinks such as Coca-Cola. Boost to metabolism. Benefits of Kola nut to human health are:

• Increase in circulation
• Aid to digestion
• Cures hepatitis
• Boost to energy levels
• Antibacterial benefits
• Treats infection
• Cures skin diseases
• Prevent Ulcer
• Prevents toothache
• Cures intestine diseases
• Cures cough and asthma
• Cures constipation
• Cures various eye problem
• Cures low sex drive
• Cures depression
• Cures dysentery and headaches.

The Origin, Spread & Uses of Kola Nut?

Human use of the kola nut, like the coffee berry and tea leaf, appears to have ancient origins. It is chewed in many West African cultures, in both private and social settings, as a source of mental stimulation. The spread of the kola nut across North Africa seems to be connected to the spread of Islam across North Africa during the 17th century, as trading across the Mediterranean became more concrete.

The kola nut was particularly useful on slave ships to improve the taste of water, as enslaved Africans were often given poor quality water to drink. Kola nuts are an important part of the traditional spiritual practice of culture and religion in West Africa, particularly Niger, Nigeria, Sierra Leone, and Liberia. The 1970s hit “Goro City”, by Manu Dibango, highlights the significance of kola nuts (called “Goro” in the Hausa language) to the capital of Niger, Niamey.

Kola nuts are used as a religious object and sacred offering during prayers, ancestor veneration, and significant life events, such as naming ceremonies, weddings, and funerals. For this use, only kola nuts divided into four lobes are suitable. They are cast upon a special wooden board and the resulting patterns are read by a trained diviner. Among a few Yoruba people, it has found inroads among the Muslim population as well, in weddings and other ceremonies.

They were used as a form of currency in such West African groups as the Malinke and Bambara of Mali and Senegal. They are still used as such today in certain situations such as in negotiation over bride prices or as a form of respect or host gift to the elders of a village should one move to a village or enter a business arrangement with the village.

Top Exporting & Importing Countries of Kola Nut

Kola nuts can be harvested mechanically or by hand, by plucking them at the tree branch. Nigeria produces 52.4% of worldwide production followed by the Ivory Coast and Cameroon. When kept in a cool, dry place, kola nuts can be stored for a long time.

• Nigeria (52.59%)
• Ivory Coast (19.6%)
• Cameroon (16.49%)
• Ghana (8.2%)
• Sierra Leone (2.86%)
• Benin (0.2%)

Some of the leading importers of Kola nut are:

• United States ( 69.81%)
• France (14.81%)
• Spain (4.12%)
• Mexico (1.43%)
• India (1.43%)
• Germany (1.42%)
• Netherland (1.07%)
• China (0.69%)
• Belgium  (0.6%)

Kola nut produced in Nigeria has a very good quality and is abundant in quantity, it takes 5-6 weeks to sprout out and about 3-5 years to start producing fruits. This availability of raw produce helps international buyers get it at a competitive price. There is a very large demand for agricultural produce in Nigeria, with many international buyers always looking for products that are cheap and are of the best quality.

How To Safely Source for Your Kola Nut Produce

If you find the right export company, buying directly from them can make the purchase process easy and stress-free, when compared with doing the sourcing on your own. That said, there are few things to note when dealing with an export company in Nigeria or Africa. The specific requirements for Nigeria are listed below, but they mostly apply to other African countries:

1. The exporting company must be registered with the Corporate Affairs Commission (CAC) to make sure the company is registered and permitted to carry out business operations.
2. The export company must also be registered with the Nigerian Export Promotion Council (NEPC).
3. The company must possess a domiciliary account to accept international payments.
4. The company should get all necessary export-related documentation done before the shipment leaves the port of origin. Some of the documents are:
5. Certificate of origin
6. Bill of lading
7. Inspection Certificate (SGS, Cotecna, Bureau Veritas, Intertek, etc)
8. Phytosanitary certificate
9. Fumigation certificate

Where To Find Reliable Exporters

An important question that still needs to be answered is how to find kola nut exporters in Nigeria. You can use any of the methods listed below:

• Attend trade fairs
• Use search engines like Google, Yahoo, etc.
• Search for agents on Linkedln
• Sign up on trade platforms (e.g. Alibaba, Tradeford, Go4WorldBusiness)
• Renamy Global Resources Ltd offers a reliable global order fulfilment solution for kola nut and other agricultural produce. Our end-to-end supply chain solution makes the export of quality kola nut easy, quick and safe. From the point of placing your order till it successfully gets delivered, we ensure you have nothing to worry about.

International Price of Kola Nut Per Metric Ton

The unit price ($ per kg) of kola nut in the international market depends on a host of different factors including:

• The grade of the produce (usually the more the processing, the higher the price)
• The price of the raw material
• Age of the seeds (this can affect the price)
• The quantity ordered (the greater the quantity, the cheaper you can get it per ton)
• Harvest season (it is more costly when it is out of harvest season).
• Freight & haulage cost
• Percentage of markup
• Import duties
• Distance from the country of origin
• Technology/Infrastructure available in country of origin
• Relationship between the buyer and seller

That said, as at July 2022, kola nut costs between $2,500 and $4,800 per metric ton (1,000 kilograms) in the international market (i.e. $2.5/kg to $4.8/kg).

How To Pay For Your Kola Nut Produce

You can pay for your kola nut using different methods, but three of the popular ways of paying for your agric produce are:

• Bank (T/T) Payment
• Advance Payment
• Letter of Credit (LC)

Bank Payment (T/T)

Bank payment is also known as T/T, “Telegraphic Transfer” or “Telex Transfer” In other words, it is an international wire of funds from the buyer’s bank to the seller’s bank.

A T/T is technically not the same as a wire transfer, which is often done through the SWIFT network. However, when a seller or supplier asks for a T/T payment, a wire transfer is what they are really asking for.

The wire transfer based on the SWIFT system is the most common payment method in international trade. Typically, it takes 3-5 working days to clear, and generally costs between 25 and 50 USD, depending on your agreement with the commercial department in your bank.

Advance Payment

There are sellers that will demand anywhere from 30% to 50% advance payment, and for good reason. If both parties have done deals in the past, sellers can ask for a percentage of the sales (about 30%) before they ship the produce and they can request for the remaining amount after a scanned copy of the Bill of Lading has been sent to the buyer.

It is the safest option for exporters and it also guarantees that they will have some funds to help with sourcing. It is popular among manufacturers on B2B marketplaces like Alibaba and also with commodity traders.

However, advance payment carries considerable risk for the importer (buyer) because the exporter (seller) might not be under as much pressure to ensure quality checks compared with a stricter form of payment. Some might even disappear entirely.

Having said that, advance payment is very useful and is widely used. For instance, the seller might need to secure the commodity in the face of increased competition. It can also be used when the exporter needs some money for sourcing the produce or for processing raw materials.

The most important thing is for both importer and exporter to build mutual trust by having a track record of successful deals with each other or other known companies.

Letter of Credit

Letter of Credit is an agreement generated by the bank of the buyer, guaranteeing payment once certain conditions are met. It is one of the safest types of payment available to both buyer and seller.

Some of the types of Letter of credit are:

• Commercial Letter of Credit,
• Sight Letter of Credit
• Transferrable or Non-Transferable Letter of Credit
• Standby Letter of Credit (SBLC)
• Usance or Deferred Payment Letter of Credit
• Revocable or Irrevocable Letter of Credit
• Confirmed or Unconfirmed Letter of Credit
• Revolving Letter of Credit
• Green Clause Letter of Credit
• Red Clause Letter of Credit

L/Cs are not totally safe (for either buyer or seller) too. For instance, sellers can ship substandard products or those that are different from the ones agreed upon. In this case, the seller gets paid and the buyer receives good he cannot use.

And speaking of the dangers of L/Cs for the exporter, the conditions in the Letter of credit might be practically impossible to fulfil; if an exporter agrees to such, he might be unable to receive payment. A report stated that of the letters of credit received in the UK, 50% are unworkable while 70% are rejected by the banks for payment.

Shipping & Delivery Terms

When shipping your products, it is important to take note of a few factors:

Order Quantity

For smaller shipments, airfreight is often the preferred option but as the order volume increases, sea freight could become significantly cheaper. Usually when the order is close to a full container load (20 ft), sea freight is used. Despite all these, the Covid-19 pandemic has caused an increase in cost of delivery of products.

Cost of Delivery

When the order is of a large volume, sea freight often turns out cheaper than air freight. In fact, airfreight could be up to 6 times more costly than sea freight if the volume is large enough.

Time of Delivery

Sometimes, time will be more important to the buyer than the cost of delivering the produce. In this case, air freight will be the logical option (as stated above, the cost will be more). But if you have more time as a buyer, you should strongly consider using sea freight.

Incoterms

Incoterms refer to generally accepted shipping and payments terms. For example, buyers that have representatives in the source country or that can negotiate with the freight company can use the Free of Board (FOB) terms, since it gives them more control and can save them some money.

However, if the shipment is small or the buyer doesn’t have an extensive network to effectively handle payment for freight, insurance and port charges, he will be better off choosing the Cost-Insurance-Freight (CIF) payment option.

Import Kola Nut The Right Way with Renamy Global Resources Ltd

Renamy Global Resource Ltd is a trusted global order fulfilment and sourcing solution company with deep expertise in the Kola Nut industry. Our end-to-end supply chain solution makes the export of quality kola nut easy, quick and safe. Whichever region of the world you are, be it Europe, Asia, USA, Canada, Africa, South America or Oceania, you can reliably order your agricultural products and we will ensure it is successfully delivered to you.

Our Kola Nut trade specifications are listed below:

• Origin: Nigeria
• Product Name: Kola Nut
• Product Types: Kola Nitida (Red, White)
• Physical Specification: Based On Buyer’s Specification
• Quantity: Based On Buyer’s Specification
• MOQ: 20 Metric Tonnes
• Trade Process: Ex Works/FOB/CIF
• Moisture Content: 8% Max
• Admixture/Impurities: 2% Max
• Other Colours: 5% Max
• Inspection: SGS/Cotecna/Intertek/Bureau Veritas
• Packaging: Based On Buyer’s Specification
• Payment Method: TT (Bank Transfer) or  L/C
• Shipping Time: 15 to 25 Days After Confirmation of TT or L/C
• Loading Port: Lagos, Nigeria or Tema, Ghana

Expected Shipping Documents

• Bill of Lading
• Certificate of Origin
• Phytosanitary Certificate
• Fumigation Certificate
• Commercial Invoice
• Packing List

What is Sesame Oil Cake/Oil Meal?

Sesame Oil Cake (also known as the Sesame Oil Meal) is derived from the seeds of the sesame plant (Sesamum indicum).  The seed takes about 4-5 months to reach maturity at which time about 50% of the capsules should have turned yellow. The pods burst open with a pop when the seeds are mature.

In Northern Nigeria (where most of the nation’s sesame seeds are produced), the seed is harvested twice annually (August and October). One of the factors responsible for sesame seed’s popularity is the numerous uses it serves. For instance, it is a very good source of vegetable oil that contains no cholesterol, thus making it the most demanded vegetable oil in the world. Sesame Oil Cake/Oil Meal is also very important to Nigeria’s agricultural export sector, with the country being one of the highest sesame seed producing countries in the world.

The sesame plant has a very drought-resistant nature, in fact, excessive rain can adversely affect the yield. This explains why it thrives excellently in the Northern part of the country and averagely in some parts of Southern Nigeria.

Health Benefits of Sesame Seeds

Sesame Seeds are used in the confectionary industry as oil and flavour enhancers. They are also very popular due to the health benefits derived from them. We’ve listed some of these benefits below:

• Has Healing Properties
• Can Aid in the Treatment Of Sunburns
• May Support Your Immune System
• Helps in the Treatment Of Anxiety
• May Soothe Rheumatoid Arthritic Pain
• May Support Thyroid Health
• Acts As a Skin Detoxifier
• Good Source of Fibre
• May Lower Cholesterol
• Nutritious Source of Plant Protein
• May Help Reduce Blood Pressure
• Can Nullify The Effects Of Alcohol
• May Support Healthy Bones
• Has Anti-Inflammatory Effects
• May Reduce Inflammation
• It is a Good Source of B Vitamins
• May Aid Blood Cell Formation
• May Aid Blood Sugar Control
• Rich in Antioxidants
• May Aid Hormone Balance During Menopause
• Easy to Add to Your Diet
• Helps in the Treatment Of Cracked Heels

Top Exporting & Importing Countries of Sesame Seeds

1. Nigeria is one of the leading exporters of sesame seeds in the world and the sesame seed is grown in about 26 States of the 36 available in Nigeria.
2. Sudan is the leading importer of sesame seeds in the world.

Data shows that Nigeria ranks as one of the highest producers and exporters globally, despite challenges with production, storage, electricity and others. The following are the top exporters of sesame seeds (and the corresponding export value)

• Sudan ($367 M)
• India ($326 M)
• Nigeria ($163 M)
• Burma – ($96.9 M)
• Tanzania – 18.43% ($82.8 M)

Some of the leading importers of Sesame seeds are China ($413M), Japan ($152M), Turkey ($134M), South Korea ($111M) and Iran ($62.9M).

Sudan produces the 25% of the sesame seeds’ global export, since this good embodies the 45% of the entire Country’s exportation.

Sesame seeds produced in Nigeria has a very good quality and is abundant in quantity, especially during the peak period (June – November). This availability of the raw produce helps international buyers get it at a competitive price.

There is a very large demand for agricultural produce in Nigeria, with many international buyers always looking for products that are cheap and are of the best quality.

Major Types Of Sesame Seeds Exported From Nigeria

There are two major variants of the Nigerian Sesame seeds: White Sesame Seeds (grown in the Middle Belt of the country, especially Benue State) and Golden Sesame Seeds (found in the Northern part of the country (Jigawa and Kano States are a major producer of this type).

1. Unhulled Sesame Seeds: Sesame seeds have an exterior covering or coat, which is called the husk or hull. The unhulled sesame seeds are still in their natural state, and their husks or hulls remain intact. Unhulled seeds have a slightly more bitter flavour when compared with hulled seeds but they also have a nuttier and crunchier texture.
2. Hulled Sesame Seeds: The hulled sesame seeds are seeds with the hulls removed.  The hulled seeds have a milder flavour that is nuttier and slightly less bitter than the unhulled one.

How To Safely Source for Your Produce

If you find the right export company, buying directly from them can make the purchase process easy and stress-free, when compared with doing the sourcing on your own. That said, there are few things to note when dealing with an export company in Nigeria or Africa. The specific requirements for Nigeria are listed below, but they mostly apply to other African countries:

1. The exporting company must be registered with the Corporate Affairs Commission (CAC) to make sure the company is registered and permitted to carry out business operations.
2. The export company must also be registered with the Nigerian Export Promotion Council (NEPC).
3. The company must possess a domiciliary account to accept international payments.
4. The company should get all necessary export-related documentation done before the shipment leaves the port of origin. Some of the documents are:
5. Certificate of origin
6. Bill of lading
7. Inspection Certificate (SGS, Cotecna, Bureau Veritas, Intertek, etc)
8. Phytosanitary certificate
9. Fumigation certificate

Where To Find Reliable Exporters

An important question that still needs to be answered is how to find sesame seed exporters in Nigeria. You can use any of the methods listed below:

• Attend trade fairs
• Use search engines like Google, Yahoo, etc.
• Search for agents on Linkedln
• Sign up on trade platforms (e.g. Alibaba, Tradeford, Go4WorldBusiness)
• Renamy Global Resources Ltd offers a reliable global order fulfilment solution for sesame oil meal and other agricultural produce. Our end-to-end supply chain solution makes the export of quality Sesame Oil Cake/Meal nut easy, quick and safe. From the point of placing your order till it successfully gets delivered, we ensure you have nothing to worry about.

International Price of Sesame Oil Cake Per Metric Ton

The unit price ($ per kg) of Sesame Oil Cake in the international market depends on a host of different factors including:

• The grade of the produce (usually the more the processing, the higher the price)
• The price of the raw material
• Age of the seeds (this can affect the price)
• The quantity ordered (the greater the quantity, the cheaper you can get it per ton)
• Harvest season (it is more costly when it is out of harvest season).
• Freight & haulage cost
• Percentage of markup
• Import duties
• Distance from the country of origin
• Technology/Infrastructure available in country of origin
• Relationship between the buyer and seller

That said, as at July 2022, sesame oil cake costs between $300 and $750 per metric ton (1,000 kilograms) in the international market (i.e. $0.3/kg to $0.75/kg).

How To Pay For Your Produce

You can pay for your Sesame Oil Cake using different methods, but three of the popular ways of paying for your agric produce are:

• Bank (T/T) Payment
• Advance Payment
• Letter of Credit (LC)

Bank Payment (T/T)

Bank payment is also known as T/T, “Telegraphic Transfer” or “Telex Transfer” In other words, it is an international wire of funds from the buyer’s bank to the seller’s bank.

A T/T is technically not the same as a wire transfer, which is often done through the SWIFT network. However, when a seller or supplier asks for a T/T payment, a wire transfer is what they are really asking for.

The wire transfer based on the SWIFT system is the most common payment method in international trade. Typically, it takes 3-5 working days to clear, and generally costs between 25 and 50 USD, depending on your agreement with the commercial department in your bank.

Advance Payment

There are sellers that will demand anywhere from 30% to 50% advance payment, and for good reason. If both parties have done deals in the past, sellers can ask for a percentage of the sales (about 30%) before they ship the produce and they can request for the remaining amount after a scanned copy of the Bill of Lading has been sent to the buyer.

It is the safest option for exporters and it also guarantees that they will have some funds to help with sourcing. It is popular among manufacturers on B2B marketplaces like Alibaba and also with commodity traders.

However, advance payment carries considerable risk for the importer (buyer) because the exporter (seller) might not be under as much pressure to ensure quality checks compared with a stricter form of payment. Some might even disappear entirely.

Having said that, advance payment is very useful and is widely used. For instance, the seller might need to secure the commodity in the face of increased competition. It can also be used when the exporter needs some money for sourcing the produce or for processing raw materials.

The most important thing is for both importer and exporter to build mutual trust by having a track record of successful deals with each other or other known companies.

Letter of Credit

Letter of Credit is an agreement generated by the bank of the buyer, guaranteeing payment once certain conditions are met. It is one of the safest types of payment available to both buyer and seller.

Some of the types of Letter of credit are:

• Commercial Letter of Credit,
• Sight Letter of Credit
• Transferrable or Non-Transferable Letter of Credit
• Standby Letter of Credit (SBLC)
• Usance or Deferred Payment Letter of Credit
• Revocable or Irrevocable Letter of Credit
• Confirmed or Unconfirmed Letter of Credit
• Revolving Letter of Credit
• Green Clause Letter of Credit
• Red Clause Letter of Credit

L/Cs are not totally safe (for either buyer or seller) too. For instance, sellers can ship substandard products or those that are different from the ones agreed upon. In this case, the seller gets paid and the buyer receives goods he cannot use.

And speaking of the dangers of L/Cs for the exporter, the conditions in the Letter of credit might be practically impossible to fulfill; if an exporter agrees to such, he might be unable to receive payment. A report stated that of the letters of credit received in the UK, 50% are unworkable while 70% are rejected by the banks for payment.

Shipping & Delivery Terms

When shipping your products, it is important to take note of a few factors:

Order Quantity

For smaller shipments, airfreight is often the preferred option but as the order volume increases, sea freight could become significantly cheaper. Usually when the order is close to a full container load (20 ft), sea freight is used. Despite all these, the Covid-19 pandemic has caused an increase in cost of delivery of products.

Cost of Delivery

When the order is of a large volume, sea freight often turns out cheaper than air freight. In fact, airfreight could be up to 6 times more costly than sea freight if the volume is large enough.

Time of Delivery

Sometimes, time will be more important to the buyer than the cost of delivering the produce. In this case, air freight will be the logical option (as stated above, the cost will be more). But if you have more time as a buyer, you should strongly consider using sea freight.

Incoterms

Incoterms refer to generally accepted shipping and payments terms. For example, buyers that have representatives in the source country or that can negotiate with the freight company can use the Free of Board (FOB) terms, since it gives them more control and can save them some money.

However, if the shipment is small or the buyer doesn’t have an extensive network to effectively handle payment for freight, insurance and port charges, he will be better off choosing the Cost-Insurance-Freight (CIF) payment option.

Import Sesame Seeds The Right Way with Renamy Global Business Ltd

Renamy Global Business Ltd is a trusted global order fulfilment and sourcing solution company with deep expertise in the Sesame Oil Cake industry. Our end-to-end supply chain solution makes the export of quality Sesame Oil Meal easy, quick and safe. Whichever region of the world you are, be it Europe, Asia, USA, Canada, Africa, South America or Oceania, you can reliably order your agric products and we will ensure it is successfully delivered to you.

Our Sesame Oil Cake/Sesame Oil Meal Trade Specifications are listed below:

Origin: Nigeria
Product Name: Sesame Oil Cake (aka Sesame Oil Meal)

Physical Specification: Based On Buyer’s Specification
Quantity: Based On Buyer’s Specification

MOQ: 20 Metric Tonnes

Trade Process: Ex Works/FOB/CIF

Crude Protein: 40% Min

Ether Extract: 7% Min

Inspection: SGS/Cotecna/Intertek/Bureau Veritas

Packaging: Based On Buyer’s Specification

Payment Method: TT (Bank Transfer) or  L/C

Shipping Time: 15 to 25 Days After Confirmation of TT or L/C

Loading Port: Lagos, Nigeria or Tema, Ghana

Expected Shipping Documents
– Bill of Lading
– Certificate of Origin
– SGS Inspection Certificate
– Phytosanitary Certificate
– Fumigation Certificate
– Commercial Invoice
– Packing List

What is Sesame Oil?

In continuation of our sesame series, today we shall be talking about Sesame oil. Sesame oil comes from the seed of the sesame plant (Sesamum indicum).  The seed takes about 4-5 months to reach maturity at which time about 50% of the capsules should have turned yellow. The pods burst open with a pop when the seeds are mature.

In Northern Nigeria (where most of the nation’s sesame seeds are produced), the seed is harvested twice annually (August and October). One of the factors responsible for sesame seed’s popularity is the numerous uses it serves. For instance, it is a very good source of vegetable oil that contains no cholesterol, thus making it the most demanded vegetable oil in the world. Sesame oil are also very important to Nigeria’s agricultural export sector, with the country being one of the highest sesame oil producing countries in the world.

The sesame plant has a very drought-resistant nature, in fact, excessive rain can adversely affect the yield. This explains why it thrives excellently in the Northern part of the country and averagely in some parts of Southern Nigeria.

Health Benefits of Sesame Oil

Sesame oil and seeds are used in the confectionary industry as oil and flavour enhancers. They are also very popular due to the health benefits derived from them. We’ve listed some of these benefits below:

• Has Healing Properties
• Can Aid in the Treatment Of Sunburns
• May Support Your Immune System
• Helps in the Treatment Of Anxiety
• May Soothe Rheumatoid Arthritic Pain
• May Support Thyroid Health
• Acts As a Skin Detoxifier
• Good Source of Fibre
• May Lower Cholesterol
• Nutritious Source of Plant Protein
• May Help Reduce Blood Pressure
• Can Nullify The Effects Of Alcohol
• May Support Healthy Bones
• Has Anti-Inflammatory Effects
• May Reduce Inflammation
• It is a Good Source of B Vitamins
• May Aid Blood Cell Formation
• May Aid Blood Sugar Control
• Rich in Antioxidants
• May Aid Hormone Balance During Menopause
• Easy to Add to Your Diet
• Helps in the Treatment Of Cracked Heels

Top Exporting & Importing Countries of Sesame Oil & Seeds

1. Nigeria is one of the leading exporters of sesame oil and seeds in the world and the sesame seed is grown in about 26 States of the 36 available in Nigeria.
2. Sudan is the leading exporter of sesame seeds in the world.

Data shows that Nigeria ranks as one of the highest producers and exporters globally, despite challenges with production, storage, electricity and others. The following are the top exporters of sesame seeds (and the corresponding export value)

• Sudan ($367 M)
• India ($326 M)
• Nigeria ($163 M)
• Burma – ($96.9 M)
• Tanzania – 18.43% ($82.8 M)

Some of the leading importers of Sesame seeds are China ($413M), Japan ($152M), Turkey ($134M), South Korea ($111M) and Iran ($62.9M).

Sudan produces the 25% of the sesame seeds’ global export, since this good embodies the 45% of the entire Country’s exportation.

Sesame oil and seeds produced in Nigeria has a very good quality and is abundant in quantity, especially during the peak period (June – November). This availability of the raw produce helps international buyers get it at a competitive price.

There is a very large demand for agricultural produce in Nigeria, with many international buyers always looking for products that are cheap and are of the best quality.

Major Types Of Sesame Seeds Exported From Nigeria

There are two major variants of the Nigerian Sesame seeds (from which Sesame Oil is extracted): White Sesame Seeds (grown in the Middle Belt of the country, especially Benue State) and Golden Sesame Seeds (found in the Northern part of the country (Jigawa and Kano States are a major producer of this type).

1. Unhulled Sesame Seeds: Sesame seeds have an exterior covering or coat, which is called the husk or hull. The unhulled sesame seeds are still in their natural state, and their husks or hulls remain intact. Unhulled seeds have a slightly more bitter flavour when compared with hulled seeds but they also have a nuttier and crunchier texture.
2. Hulled Sesame Seeds: The hulled sesame seeds are seeds with the hulls removed.  The hulled seeds have a milder flavour that is nuttier and slightly less bitter than the unhulled one.

How To Safely Source for Your Sesame Oil

If you find the right export company, buying directly from them can make the purchase process easy and stress-free, when compared with doing the sourcing on your own. That said, there are few things to note when dealing with an export company in Nigeria or Africa. The specific requirements for Nigeria are listed below, but they mostly apply to other African countries:

1. The exporting company must be registered with the Corporate Affairs Commission (CAC) to make sure the company is registered and permitted to carry out business operations.
2. The export company must also be registered with the Nigerian Export Promotion Council (NEPC).
3. The company must possess a domiciliary account to accept international payments.
4. The company should get all necessary export-related documentation done before the shipment leaves the port of origin. Some of the documents are:
5. Certificate of origin
6. Bill of lading
7. Inspection Certificate (SGS, Cotecna, Bureau Veritas, Intertek, etc)
8. Phytosanitary certificate
9. Fumigation certificate

Where To Find Reliable Exporters of Sesame Oil

An important question that still needs to be answered is how to find sesame oil exporters in Nigeria. You can use any of the methods listed below:

• Attend trade fairs
• Use search engines like Google, Yahoo, etc.
• Search for agents on Linkedln
• Sign up on trade platforms (e.g. Alibaba, Tradeford, Go4WorldBusiness)
• Renamy Global Resources Ltd – We are one of the reliable sesame oil exporters in Nigeria. We are rated among the best in the exporting business in Nigeria. Moreover, our company is not limited to the exportation of sesame oil alone but can export other agricultural produce ranging from perishables to dry seeds.

International Price of Sesame Oil Per Metric Ton

The unit price ($ per kg) of Sesame oil in the international market depends on a host of different factors including:

• The grade of the produce (usually the more the processing, the higher the price)
• The price of the raw material
• Age of the sesame oil (this can affect the price)
• The quantity ordered (the greater the quantity, the cheaper you can get it per ton)
• Harvest season (it is more costly when it is out of harvest season).
• Freight & haulage cost
• Percentage of markup
• Import duties
• Distance from the country of origin
• Technology/Infrastructure available in country of origin
• Relationship between the buyer and seller

That said, as at January 2025, sesame oil costs between $3,000 and $4,000 per metric ton (1,000 kilograms) in the international market (i.e. $3/kg to $4/kg).

How To Pay For Your Sesame Oil Produce

You can pay for your Sesame Oil using different methods, but three of the popular ways of paying for your agric produce are:

• Bank (T/T) Payment
• Advance Payment
• Letter of Credit (LC)

Bank Payment (T/T)

Bank payment is also known as T/T, “Telegraphic Transfer” or “Telex Transfer” In other words, it is an international wire of funds from the buyer’s bank to the seller’s bank.

A T/T is technically not the same as a wire transfer, which is often done through the SWIFT network. However, when a seller or supplier asks for a T/T payment, a wire transfer is what they are really asking for.

The wire transfer based on the SWIFT system is the most common payment method in international trade. Typically, it takes 3-5 working days to clear, and generally costs between 25 and 50 USD, depending on your agreement with the commercial department in your bank.

Advance Payment

There are sellers that will demand anywhere from 30% to 50% advance payment, and for good reason. If both parties have done deals in the past, sellers can ask for a percentage of the sales (about 30%) before they ship the produce and they can request for the remaining amount after a scanned copy of the Bill of Lading has been sent to the buyer.

It is the safest option for exporters and it also guarantees that they will have some funds to help with sourcing. It is popular among manufacturers on B2B marketplaces like Alibaba and also with commodity traders.

However, advance payment carries considerable risk for the importer (buyer) because the exporter (seller) might not be under as much pressure to ensure quality checks compared with a stricter form of payment. Some might even disappear entirely.

Having said that, advance payment is very useful and is widely used. For instance, the seller might need to secure the commodity in the face of increased competition. It can also be used when the exporter needs some money for sourcing the produce or for processing raw materials.

The most important thing is for both importer and exporter to build mutual trust by having a track record of successful deals with each other or other known companies.

Letter of Credit

Letter of Credit is an agreement generated by the bank of the buyer, guaranteeing payment once certain conditions are met. It is one of the safest types of payment available to both buyer and seller.

Some of the types of Letter of credit are:

• Commercial Letter of Credit,
• Sight Letter of Credit
• Transferrable or Non-Transferable Letter of Credit
• Standby Letter of Credit (SBLC)
• Usance or Deferred Payment Letter of Credit
• Revocable or Irrevocable Letter of Credit
• Confirmed or Unconfirmed Letter of Credit
• Revolving Letter of Credit
• Green Clause Letter of Credit
• Red Clause Letter of Credit

L/Cs are not totally safe (for either buyer or seller) too. For instance, sellers can ship substandard products or those that are different from the ones agreed upon. In this case, the seller gets paid and the buyer receives goods he cannot use.

And speaking of the dangers of L/Cs for the exporter, the conditions in the Letter of credit might be practically impossible to fulfill; if an exporter agrees to such, he might be unable to receive payment. A report stated that of the letters of credit received in the UK, 50% are unworkable while 70% are rejected by the banks for payment.

Shipping & Delivery Terms

When shipping your products, it is important to take note of a few factors:

Order Quantity

For smaller shipments, airfreight is often the preferred option but as the order volume increases, sea freight could become significantly cheaper. Usually when the order is close to a full container load (20 ft), sea freight is used. Despite all these, the Covid-19 pandemic has caused an increase in cost of delivery of products.

Cost of Delivery

When the order is of a large volume, sea freight often turns out cheaper than air freight. In fact, airfreight could be up to 6 times more costly than sea freight if the volume is large enough.

Time of Delivery

Sometimes, time will be more important to the buyer than the cost of delivering the produce. In this case, air freight will be the logical option (as stated above, the cost will be more). But if you have more time as a buyer, you should strongly consider using sea freight.

Incoterms

Incoterms refer to generally accepted shipping and payments terms. For example, buyers that have representatives in the source country or that can negotiate with the freight company can use the Free of Board (FOB) terms, since it gives them more control and can save them some money.

However, if the shipment is small or the buyer doesn’t have an extensive network to effectively handle payment for freight, insurance and port charges, he will be better off choosing the Cost-Insurance-Freight (CIF) payment option. You can find out more about Incoterms here.

Import Sesame Oil The Right Way with Renamy Global Resources

Renamy Global Resources Ltd is a trusted global order fulfilment and sourcing solution company with deep expertise in the Sesame Oil industry. Our end-to-end supply chain solution makes the export of quality Sesame Oil nut easy, quick and safe. Whichever region of the world you are, be it Europe, Asia, USA, Canada, Africa, South America or Oceania, you can reliably order your agric products and we will ensure it is successfully delivered to you.

Our Sesame Oil Trade Specifications are listed below:

Origin: Nigeria
Product Name: Sesame Oil

Physical Specification: Based On Buyer’s Specification
Quantity: Based On Buyer’s Specification

MOQ: 20 Metric Tonnes

Trade Process: Ex Works/FOB/CIF

Purity: 99% Min

Inspection: SGS/Cotecna/Intertek/Bureau Veritas

Packaging: Based On Buyer’s Specification

Payment Method: TT (Bank Transfer) or  L/C

Shipping Time: 15 to 25 Days After Confirmation of TT or L/C

Loading Port: Lagos, Nigeria or Tema, Ghana

Expected Shipping Documents
– Bill of Lading
– Certificate of Origin
– SGS Inspection Certificate
– Phytosanitary Certificate
– Fumigation Certificate
– Commercial Invoice
– Packing List

Sesame Seeds

What are Sesame Seeds?

Sesame seeds come from the sesame plant (Sesamum indicum).  The seed takes about 4-5 months to reach maturity at which time about 50% of the capsules should have turned yellow. The pods burst open with a pop when the seeds are mature.

In Northern Nigeria (where most of the nation’s sesame seeds are produced), the seed is harvested twice annually (August and October). One of the factors responsible for sesame seed’s popularity is the numerous uses it serves. For instance, it is a very good source of vegetable oil that contains no cholesterol, thus making it the most demanded vegetable oil in the world. Sesame seeds are also very important to Nigeria’s agricultural export sector, with the country being one of the highest sesame seed producing countries in the world.

The sesame plant has a very drought-resistant nature, in fact, excessive rain can adversely affect the yield. This explains why it thrives excellently in the Northern part of the country and averagely in some parts of Southern Nigeria.

Health Benefits of Sesame Seeds

Sesame Seeds are used in the confectionary industry as oil and flavour enhancers. They are also very popular due to the health benefits derived from them. We’ve listed some of these benefits below:

• Has Healing Properties
• Can Aid in the Treatment Of Sunburns
• May Support Your Immune System
• Helps in the Treatment Of Anxiety
• May Soothe Rheumatoid Arthritic Pain
• May Support Thyroid Health
• Acts As a Skin Detoxifier
• Good Source of Fibre
• May Lower Cholesterol
• Nutritious Source of Plant Protein
• May Help Reduce Blood Pressure
• Can Nullify The Effects Of Alcohol
• May Support Healthy Bones
• Has Anti-Inflammatory Effects
• May Reduce Inflammation
• It is a Good Source of B Vitamins
• May Aid Blood Cell Formation
• May Aid Blood Sugar Control
• Rich in Antioxidants
• May Aid Hormone Balance During Menopause
• Easy to Add to Your Diet
• Helps in the Treatment Of Cracked Heels

Top Exporting & Importing Countries of Sesame Seeds

1. Nigeria is one of the leading exporters of sesame seeds in the world and the sesame seed is grown in about 26 States of the 36 available in Nigeria.
2. Sudan is the leading importer of sesame seeds in the world.

Data shows that Nigeria ranks as one of the highest producers and exporters globally, despite challenges with production, storage, electricity and others. The following are the top exporters of sesame seeds (and the corresponding export value)

• Sudan ($367 M)
• India ($326 M)
• Nigeria ($163 M)
• Burma – ($96.9 M)
• Tanzania – 18.43% ($82.8 M)

Some of the leading importers of Sesame seeds are China ($413M), Japan ($152M), Turkey ($134M), South Korea ($111M) and Iran ($62.9M).

Sudan produces the 25% of the sesame seeds’ global export, since this good embodies the 45% of the entire Country’s exportation.

Sesame seeds produced in Nigeria has a very good quality and is abundant in quantity, especially during the peak period (June – November). This availability of the raw produce helps international buyers get it at a competitive price.

There is a very large demand for agricultural produce in Nigeria, with many international buyers always looking for products that are cheap and are of the best quality.

Major Types Of Sesame Seeds Exported From Nigeria

There are two major variants of the Nigerian Sesame seeds: White Sesame Seeds (grown in the Middle Belt of the country, especially Benue State) and Golden Sesame Seeds (found in the Northern part of the country (Jigawa and Kano States are a major producer of this type).

1. Unhulled Sesame Seeds: Sesame seeds have an exterior covering or coat, which is called the husk or hull. The unhulled sesame seeds are still in their natural state, and their husks or hulls remain intact. Unhulled seeds have a slightly more bitter flavour when compared with hulled seeds but they also have a nuttier and crunchier texture.
2. Hulled Sesame Seeds: The hulled sesame seeds are seeds with the hulls removed.  The hulled seeds have a milder flavour that is nuttier and slightly less bitter than the unhulled one.

How To Safely Source for Your Produce

If you find the right export company, buying directly from them can make the purchase process easy and stress-free, when compared with doing the sourcing on your own. That said, there are few things to note when dealing with an export company in Nigeria or Africa. The specific requirements for Nigeria are listed below, but they mostly apply to other African countries:

1. The exporting company must be registered with the Corporate Affairs Commission (CAC) to make sure the company is registered and permitted to carry out business operations.
2. The export company must also be registered with the Nigerian Export Promotion Council (NEPC).
3. The company must possess a domiciliary account to accept international payments.
4. The company should get all necessary export-related documentation done before the shipment leaves the port of origin. Some of the documents are:
5. Certificate of origin
6. Bill of lading
7. Inspection Certificate (SGS, Cotecna, Bureau Veritas, Intertek, etc)
8. Phytosanitary certificate
9. Fumigation certificate

Where To Find Reliable Exporters

An important question that still needs to be answered is how to find sesame seed exporters in Nigeria. You can use any of the methods listed below:

• Attend trade fairs
• Use search engines like Google, Yahoo, etc.
• Search for agents on Linkedln
• Sign up on trade platforms (e.g. Alibaba, Tradeford, Go4WorldBusiness)
• Renamy Global Resources Ltd – We are one of the reliable sesame seeds exporters in Nigeria. We are rated among the best in the exporting business in Nigeria. The company is not limited to the exportation of sesame seeds alone but can export other agricultural produce ranging from perishables to dry seeds.

International Price of Sesame Seeds Per Metric Ton

The unit price ($ per kg) of Sesame Seeds in the international market depends on a host of different factors including:

• The grade of the produce (usually the more the processing, the higher the price)
• The price of the raw material
• Age of the seeds (this can affect the price)
• The quantity ordered (the greater the quantity, the cheaper you can get it per ton)
• Harvest season (it is more costly when it is out of harvest season).
• Freight & haulage cost
• Percentage of markup
• Import duties
• Distance from the country of origin
• Technology/Infrastructure available in country of origin
• Relationship between the buyer and seller

That said, as at January 2025, sesame seed costs between $1,050 and $1,750 per metric ton (1,000 kilograms) in the international market (i.e. $1/kg to $1.75/kg).

Paying For Your Sesame Seed Produce

You can pay for your sesame seeds using different methods, but three of the popular ways of paying for your agric produce are:

• Bank (T/T) Payment
• Advance Payment
• Letter of Credit (LC)

Bank Payment (T/T)

Bank payment is also known as T/T, “Telegraphic Transfer” or “Telex Transfer” In other words, it is an international wire of funds from the buyer’s bank to the seller’s bank.

A T/T is technically not the same as a wire transfer, which is often done through the SWIFT network. However, when a seller or supplier asks for a T/T payment, a wire transfer is what they are really asking for.

The wire transfer based on the SWIFT system is the most common payment method in international trade. Typically, it takes 3-5 working days to clear, and generally costs between 25 and 50 USD, depending on your agreement with the commercial department in your bank.

Advance Payment

There are sellers that will demand anywhere from 30% to 50% advance payment, and for good reason. If both parties have done deals in the past, sellers can ask for a percentage of the sales (about 30%) before they ship the produce and they can request for the remaining amount after a scanned copy of the Bill of Lading has been sent to the buyer.

It is the safest option for exporters and it also guarantees that they will have some funds to help with sourcing. It is popular among manufacturers on B2B marketplaces like Alibaba and also with commodity traders.

However, advance payment carries considerable risk for the importer (buyer) because the exporter (seller) might not be under as much pressure to ensure quality checks compared with a stricter form of payment. Some might even disappear entirely.

Having said that, advance payment is very useful and is widely used. For instance, the seller might need to secure the commodity in the face of increased competition. It can also be used when the exporter needs some money for sourcing the produce or for processing raw materials.

The most important thing is for both importer and exporter to build mutual trust by having a track record of successful deals with each other or other known companies.

Letter of Credit

Letter of Credit is an agreement generated by the bank of the buyer, guaranteeing payment once certain conditions are met. It is one of the safest types of payment available to both buyer and seller.

Some of the types of Letter of credit are:

• Commercial Letter of Credit,
• Sight Letter of Credit
• Transferrable or Non-Transferable Letter of Credit
• Standby Letter of Credit (SBLC)
• Usance or Deferred Payment Letter of Credit
• Revocable or Irrevocable Letter of Credit
• Confirmed or Unconfirmed Letter of Credit
• Revolving Letter of Credit
• Green Clause Letter of Credit
• Red Clause Letter of Credit

L/Cs are not totally safe (for either buyer or seller) too. For instance, sellers can ship substandard products or those that are different from the ones agreed upon. In this case, the seller gets paid and the buyer receives good he cannot use.

And speaking of the dangers of L/Cs for the exporter, the conditions in the Letter of credit might be practically impossible to fulfil; if an exporter agrees to such, he might be unable to receive payment. A report stated that of the letters of credit received in the UK, 50% are unworkable while 70% are rejected by the banks for payment.

Shipping & Delivery Terms

When shipping your products, it is important to take note of a few factors:

Order Quantity

For smaller shipments, airfreight is often the preferred option but as the order volume increases, sea freight could become significantly cheaper. Usually when the order is close to a full container load (20 ft), sea freight is used. Despite all these, the Covid-19 pandemic has caused an increase in cost of delivery of products.

Cost of Delivery

When the order is of a large volume, sea freight often turns out cheaper than air freight. In fact, airfreight could be up to 6 times more costly than sea freight if the volume is large enough.

Time of Delivery

Sometimes, time will be more important to the buyer than the cost of delivering the produce. In this case, air freight will be the logical option (as stated above, the cost will be more). But if you have more time as a buyer, you should strongly consider using sea freight.

Incoterms

Incoterms refer to generally accepted shipping and payments terms. For example, buyers that have representatives in the source country or that can negotiate with the freight company can use the Free of Board (FOB) terms, since it gives them more control and can save them some money.

However, if the shipment is small or the buyer doesn’t have an extensive network to effectively handle payment for freight, insurance and port charges, he will be better off choosing the Cost-Insurance-Freight (CIF) payment option.

Import Sesame Seeds The Right Way with RENAMY

Renamy Global Resources Ltd is a trusted export company with deep expertise in the sesame seed industry. We possess all the export requirements and can help export sesame seeds to a lot of countries and regions in the world including Europe, Asia, USA and Canada.

We carry out our sesame seed export business in a totally transparent manner, and we will be glad to help you export sesame seeds based on mutually agreed terms.

Our Sesame Seeds Trade Specifications are listed below:

Origin: Nigeria
Product Name: Sesame Seeds

Product Types: Hulled/Unhulled

Physical Specification: Based On Buyer’s Specification
Quantity: Based On Buyer’s Specification

MOQ: 20 Metric Tonnes

Trade Process: Ex Works/FOB/CIF

Moisture Content: 8% Max

Fat/Oil Content: 45% Min

Free Fatty Acid: 3% Max

Purity: 99.9% Min

Admixture/Impurities: 2% Max

Other Colours: 5% Max

Inspection: SGS/Cotecna/Intertek/Bureau Veritas

Packaging: Based On Buyer’s Specification

Payment Method: TT (Bank Transfer) or  L/C

Shipping Time: 15 to 25 Days After Confirmation of TT or L/C

Loading Port: Lagos, Nigeria or Tema, Ghana

Expected Shipping Documents
– Bill of Lading
– Certificate of Origin
– SGS Inspection Certificate
– Phytosanitary Certificate
– Fumigation Certificate
– Commercial Invoice
– Packing List

Shea Butter Again?

Over the past week, we have been talking about the Shea tree because it is a very important plant in tropical Africa. The Shea tree is a perennial crop, predominantly found in the West and the Eastern regions of Africa. A Shea tree takes a considerable period of 11 to about 15 years before it starts to bear fruits but can remain productive for more than 200 years. The fruit is usually 5 cm in length and 3-4 cm in width. It is elliptic and yellow or green with a thick butter-like material. The mucous pericap has a seed in it which is oval or round in shape.

The seed has a big and oily nut from which the Shea Butter is extracted. To extract shea butter from the nut of the tree, the latter needs to go through the process of crushing, roasting, grinding and the separation of the butter from the resulting paste. The paste is kneaded and mixed with water in order for the butter oil to come to the surface. The original color of Shea butter is yellow when raw or unrefined, but changes to white after further refining takes place.  Shea butter is a triglyceride in nature.

It is important to state that local women are a very important part of the shea butter value chain. In the past few years, the collection of seeds and the processing described above have been mostly carried out by them. However, in recent years, there has been an increased drive for mechanization, to match the growing supply and standardization needs.

What is Shea Butter Used For?

Shea butter is used mainly in the food industry (accounting for about 90% of total use, according to the Global Shea Alliance). This is especially true of the confectionary and beverage industries where it widely used as a cocoa butter substitute. And since it is edible, an increasing number of homes now use it in their cooking.

That said, Shea butter is also very important to the cosmetics industry. It is used in the production of beauty products:

• Skin and hair moisturizing creams,
• Stretch mark prevention products during pregnancy;
• hair treatment for dry scalp;
• Aftersun products and
• Skin treatment after suffering sunburn;
• Anti-ageing and anti-wrinkle creams;
• Shaving and aftershave creams to reduce skin irritation;
• Fatigue and pain-reduction
• Products for insect bites and stings;
• Baby care products against diaper rash.
• Hair conditioners,
• Lip gloss,
• Soaps,
• And many others.

Soap makers also make use of Shea oil in soap making to make soaps and this increases cleaning abilities. Also, Shea butter can be applied directly to skin and hair that suffer from dryness.

Top Exporting & Importing Countries of Shea Butter

1. Nigeria is the leading exporter of Shea butter in the world and the Shea tree is grown in about 21 States of the 36 available in Nigeria.
2. China is the leading importer of Shea butter in the world.

Data shows that Nigeria ranks as the highest producer of shea butter globally, despite challenges with production, storage, electricity and others.

• Nigeria with 39.87% (302.96k metric ton)
• Mali – 29.76% (226.09k metric ton)
• Burkina Faso – 18.43% (140.04k metric ton)
• Ghana – 4.18% (31.59k metric ton)
• Ivory Coast – 4.16% (31.59k metric ton)
• Benin – 1.83% (13.91k metric ton)
• Togo – 1.76% (13.39k metric ton)

Shea butter produced in Nigeria has a very good quality and is abundant in quantity, especially during the peak period (June – November). This availability of the raw produce helps international buyers get it at a competitive price.

There is a very large demand for agricultural produce in Nigeria, with many international buyers always looking for products that are cheap and are of the best quality.

The Difference Between West And East African Shea Butter

In Africa, there are two dominant species of shea nuts the Vitellaria Paradoxa and Vitellaria Nilotica. Vitellaria Paradoxa is dominant and found in West African countries Such as Nigeria, Ghana, Cote d’Ivoire, Burkina Faso, and some other countries. Vitellaria Nilotica is found mainly in Uganda.

As an importer or exporter of shea butter, you should know the differences between both varieties. The West African type has better consistency, works well in most formulations and is not too soft. It also has a higher melting point, greater concentration of sterol and Vitamin A, and a lower concentration of oleic acid when compared with the East African shea butter.

How To Safely Source for Your Produce

If you find the right export company, buying directly from them can make the purchase process easy and stress-free, when compared with doing the sourcing on your own. That said, there are however a few things to note when dealing with an export company in Nigeria or Africa. The specific requirements for Nigeria are listed below, but they mostly apply to other African countries:

1. The exporting company must be registered with the Corporate Affairs Commission (CAC) to make sure the company is registered and permitted to carry out business operations.
2. The export company must also be registered with the Nigerian Export Promotion Council (NEPC).
3. The company must possess a domiciliary account to accept international payments.
4. The company should get all necessary export-related documentation done before the shipment leaves the port of origin. Some of the documents are:
5. Certificate of origin
6. Bill of lading
7. Inspection Certificate (SGS, Cotecna, Bureau Veritas, Intertek, etc)
8. Phytosanitary certificate
9. Fumigation certificate

Where To Find Reliable Exporters

An important question that still needs to be answered is how to find shea butter/shea nuts exporters in Nigeria. You can use any of the methods listed below:

• Attend trade fairs
• Use search engines like Google, Yahoo, etc.
• Search for agents on Linkedln
• Sign up on trade platforms (e.g. Alibaba, Tradeford, Go4WorldBusiness)
• Renamy Global Resources Ltd– We are one of the most reliable shea butter/shea nut exporters in Nigeria. We are rated among the best in the exporting business in Nigeria. Our company is not only limited to the exportation of raw shea butter/shea nuts alone but can export other agricultural produce ranging from perishables to dry seeds.

International Price of Shea Butter Per Metric Ton

The unit price ($ per kg) of Grade A Shea Butter in the International market depends on a host of different factors including:

• The grade of the produce (usually the more the processing, the higher the price)
• The price of the raw material
• Age of the Shea butter (this can affect the price)
• The quantity ordered (the greater the quantity, the cheaper you can get it per ton)
• Harvest season (it is more costly when it is out of harvest season).
• Freight & haulage cost
• Percentage of markup
• Import duties
• Distance from the country of origin
• Technology/Infrastructure available in country of origin
• Relationship between the buyer and seller

That said, as at January 2025, Grade A (unrefined) shea butter costs between $2,200 and $2,600 per metric ton (1,000 kilograms) in the international market (i.e. $2.2/kg to $2.6/kg).

How To Pay For Your Produce

You can pay for your kola nut using different methods, but three of the popular ways of paying for your agric produce are:

• Bank (T/T) Payment
• Advance Payment
• Letter of Credit (LC)

Bank Payment (T/T)

Bank payment is also known as T/T, “Telegraphic Transfer” or “Telex Transfer” In other words, it is an international wire of funds from the buyer’s bank to the seller’s bank.

A T/T is technically not the same as a wire transfer, which is often done through the SWIFT network. However, when a seller or supplier asks for a T/T payment, a wire transfer is what they are really asking for.

The wire transfer based on the SWIFT system is the most common payment method in international trade. Typically, it takes 3-5 working days to clear, and generally costs between 25 and 50 USD, depending on your agreement with the commercial department in your bank.

Advance Payment

There are sellers that will demand anywhere from 30% to 50% advance payment, and for good reason. If both parties have done deals in the past, sellers can ask for a percentage of the sales (about 30%) before they ship the produce and they can request for the remaining amount after a scanned copy of the Bill of Lading has been sent to the buyer.

It is the safest option for exporters and it also guarantees that they will have some funds to help with sourcing. It is popular among manufacturers on B2B marketplaces like Alibaba and also with commodity traders.

However, advance payment carries considerable risk for the importer (buyer) because the exporter (seller) might not be under as much pressure to ensure quality checks compared with a stricter form of payment. Some might even disappear entirely.

Having said that, advance payment is very useful and is widely used. For instance, the seller might need to secure the commodity in the face of increased competition. It can also be used when the exporter needs some money for sourcing the produce or for processing raw materials.

The most important thing is for both importer and exporter to build mutual trust by having a track record of successful deals with each other or other known companies.

Letter of Credit

Letter of Credit is an agreement generated by the bank of the buyer, guaranteeing payment once certain conditions are met. It is one of the safest types of payment available to both buyer and seller.

Some of the types of Letter of credit are:

• Commercial Letter of Credit,
• Sight Letter of Credit
• Transferrable or Non-Transferable Letter of Credit
• Standby Letter of Credit (SBLC)
• Usance or Deferred Payment Letter of Credit
• Revocable or Irrevocable Letter of Credit
• Confirmed or Unconfirmed Letter of Credit
• Revolving Letter of Credit
• Green Clause Letter of Credit
• Red Clause Letter of Credit

L/Cs are not totally safe (for either buyer or seller) too. For instance, sellers can ship substandard products or those that are different from the ones agreed upon. In this case, the seller gets paid and the buyer receives good he cannot use.

And speaking of the dangers of L/Cs for the exporter, the conditions in the Letter of credit might be practically impossible to fulfil; if an exporter agrees to such, he might be unable to receive payment. A report stated that of the letters of credit received in the UK, 50% are unworkable while 70% are rejected by the banks for payment.

Shipping & Delivery Terms

When shipping your products, it is important to take note of a few factors:

Order Quantity

For smaller shipments, airfreight is often the preferred option but as the order volume increases, sea freight could become significantly cheaper. Usually when the order is close to a full container load (20 ft), sea freight is used. Despite all these, the Covid-19 pandemic has caused an increase in cost of delivery of products.

Cost of Delivery

When the order is of a large volume, sea freight often turns out cheaper than air freight. In fact, airfreight could be up to 6 times more costly than sea freight if the volume is large enough.

Time of Delivery

Sometimes, time will be more important to the buyer than the cost of delivering the produce. In this case, air freight will be the logical option (as stated above, the cost will be more). But if you have more time as a buyer, you should strongly consider using sea freight.

Incoterms

Incoterms refer to generally accepted shipping and payments terms. For example, buyers that have representatives in the source country or that can negotiate with the freight company can use the Free of Board (FOB) terms, since it gives them more control and can save them some money.

However, if the shipment is small or the buyer doesn’t have an extensive network to effectively handle payment for freight, insurance and port charges, he will be better off choosing the Cost-Insurance-Freight (CIF) payment option.

Import Shea Butter The Right Way with Renamy

Renamy Global Resources Ltd is a trusted global order fulfilment and sourcing company with deep expertise in the shea butter industry. Our end-to-end supply chain solution makes the export of quality shea butter easy, quick and safe. Whichever region of the world you are, be it Europe, Asia, USA, Canada, Other North/Central American countries, Africa, South America or Oceania, you can reliably order your agricultural produce and we will ensure it is successfully delivered to you.

Below Are Our Shea Butter Trade Specifications:

Origin: Nigeria
Product Type: Shea Butter
Physical Specification: Based On Buyer’s Specification
Quantity: Based On Buyer’s Specification
Price: Negotiable / Metric Tonne
Trial Order: 10 Metric Tonnes
Trade Process: FOB/CIF
Payment Method: 100% irrevocable & confirmed L/C at sight
Shipping Time: 15 to 25 days after confirmation of L/C
Loading Port: Lagos, Nigeria

Specifications
Type: Grade A 100% Natural, Organic, & Unrefined
Colour: Beige/White/Yellow
Inspection: SGS/Cotecna/Bureau Veritas/Intertek

Expected Shipping Documents
– Bill of Lading
– Certificate of Origin
– SGS Inspection Certificate
– Phytosanitary Certificate
– Fumigation Certificate
– Commercial Invoice
– Packing List

5 FACTS TO CONSIDER ABOUT IMPORTING HIGH QUALITY SHEA BUTTER IN NIGERIA AND AFRICA

A few days ago (January 9th 2025) we talked about importing Shea Butter from Nigeria and Africa. 

As we already know, shea butter is an incredibly versatile and valuable product, widely used in skincare, cosmetics, and even food industries. It has a rich history in West Africa, where it is sourced primarily from the Shea tree (Vitellaria paradoxa). In Nigeria and other parts of Africa, shea butter is not only a cultural treasure but also a growing export commodity. This guide will explore how to import high-quality shea butter from Nigeria and other African countries, the best practices for sourcing, and the benefits of using this natural product.

Today, we want to consider 5 facts that will help us better appreciate Shea butter as well as a few factors to consider before importation from Nigeria and Africa.

1. Understanding Shea Butter and Its Uses:

Shea butter is a fat extracted from the nuts of the Shea tree. It is highly prized for its moisturizing, anti-inflammatory, and healing properties.
– Common Uses of shea butter include;
– Cosmetics: Used in lotions, soaps, and hair products.
– Food: Edible shea butter is used in cooking and as a substitute for fats like cocoa butter.
– Health & Wellness: Often used for skin conditions like eczema, scars, and burns.
2. Why Shea Butter from Nigeria & Africa is So Popular:
– Rich Quality: Shea butter from Africa, particularly Nigeria, is known for its high quality due to the traditional harvesting and processing methods. The raw, unrefined shea butter produced in Nigeria has a rich, creamy texture and contains natural vitamins and nutrients.
– Abundant Supply: West Africa, especially Nigeria, is one of the largest producers of shea butter, making it a key player in the global market.
– Sustainability: Shea butter production in Africa supports local communities, creating jobs for women and rural populations, which enhances its appeal for ethical sourcing.

3. How to Import High-Quality Shea Butter from Nigeria and Africa:

A. Research and Select Reliable Suppliers:
– Look for suppliers or cooperatives that focus on organic, unrefined shea butter. The best quality shea butter is typically unrefined and processed using traditional methods, which preserve its nutrients.
– Consider working with certified suppliers who have experience exporting shea butter internationally.

Thankfully, Renamy Global Resources Ltd is one message away from helping you with all your shea butter needs.

B. Quality Standards to Look for in Shea Butter:

– Appearance: High-quality shea butter should have a creamy, ivory color (or slightly yellowish), and it should not be too hard or too soft.
– Smell: Pure, unrefined shea butter has a mild, nutty scent. If it has a rancid or strong odor, it may be low quality or improperly processed.
– Packaging: Ensure the shea butter is packaged in airtight, sealed containers to avoid contamination and preserve freshness.

C. Import Documentation and Regulations:
– Customs & Tariffs: Understand the import duties and tariffs involved when importing shea butter into your country. Ensure your supplier complies with all relevant export regulations in Africa and import requirements in your country.
– Quality Certifications: Some countries require certifications like organic certification or Fair Trade certification to ensure that the shea butter meets quality and ethical standards.

D. Shipping & Logistics:
– Shea butter can be shipped in bulk containers, but you should choose a reliable logistics partner with experience in handling natural products.
– Choose a shipping method that preserves the quality of the product, such as temperature-controlled shipping if necessary.

4. Challenges in Importing Shea Butter:

– Quality Control: One of the challenges in importing shea butter is ensuring consistency in quality from batch to batch. It’s crucial to establish a relationship with trustworthy suppliers who can provide regular, high-quality shipments.
– Supply Chain Issues: Delays or interruptions in the supply chain in West Africa can affect the timely arrival of shipments. Having a backup supplier or sourcing from a network of cooperatives can mitigate this risk.
– Export Documentation: Shea butter importation can sometimes be delayed by paperwork or incorrect customs documentation, so it’s important to be familiar with the import process.

5. Sustainability and Ethical Sourcing of Shea Butter:
– Supporting Local Communities: Shea butter production in Africa is often linked with local women’s cooperatives. By importing directly from these cooperatives, you can support ethical trade practices and contribute to economic empowerment in rural African communities.
– Fair Trade and Organic Certifications: Look for suppliers who are committed to sustainability and fair trade. Organic shea butter is produced without pesticides or harmful chemicals, ensuring a product that is not only better for your skin but also better for the environment.

Where Renamy Global Resources Ltd Can Assist You

Renamy Global Resources Ltd can assist with the importation of high-quality shea butter by providing end-to-end solutions. We specialize in:

1. Sourcing: We connect you with trusted, certified suppliers of premium shea butter from Nigeria and across Africa.
2. Quality Assurance: We ensure that the shea butter meets international standards, offering unrefined, organic options.
3. Logistics: We handle shipping, customs clearance, and all import documentation, ensuring a smooth and timely delivery.

Let Renamy Global Resources Ltd streamline your importation process, providing you with high-quality shea butter while ensuring ethical sourcing and efficient logistics.

Conclusion:
In conclusion, why should you import shea butter from Nigeria and Africa? Importing high-quality shea butter from Nigeria and other African countries offers businesses and individuals access to a premium, natural product with a range of benefits. By understanding the process of importing, ensuring product quality, and selecting the right suppliers, you can successfully integrate shea butter into your product line or personal care routine.
Moreover there is currently a growing demand for this. As global demand for natural, organic products continues to rise, the opportunity to source high-quality shea butter from Africa presents an exciting business prospect with ethical and sustainable benefits.

Production of Yam Tubers in Nigeria and Africa

The Yam tuber is one of the most important foods in West Africa. There are various species of yam in the world, but the best of the species are available in Nigeria and other West African countries. This is why most international buyers love to export yam from Nigeria.

In the production of yam tubers, Nigeria is by far the world’s highest producer of yam and is accountable for over 76% of the world yam production. Yam is good food and has about 200 calories of energy per capita daily if consumed.

Yams can stay longer time in stores compared to other crops and farmers can be able to store their produce till the market is favorable for sale and profit. Yams can last up to 5 months or more in store.

West African countries have the highest number of yam exports in the world. Nigeria carries the highest percentage in total production. A stat in 2004 shows that the production of yam was about 47 million metric tons with Africa having 96% of the total production. Nigeria, in the production and exporting of yam, has a comparative advantage.

Yam and cassava are the most important of all the root and tuber crops in the exporting business in the world. Nigeria is an important exporter of these crops. The majority of the states In Nigeria are responsible for the production of yam, but more are produced in states like Benue, Oyo, Nasarawa, Sokoto, Abia, Anambra, Delta, Edo, Enugu, Ebonyi, Niger, Taraba, Osun, and Plateau.

The end of the rainy season and the beginning of the dry season is the most favorable time for yam harvest. This coincides with the end of the yam vegetative stage. Most farmers who aim at storing yam usually harvest their crops when they have fully reached the maximum maturity stage, and this is done between December and January (Harmattan season).

In Nigeria, yam is the 5th most harvested crop following cassava, maize, guinea corn, and beans. The Nigeria government have always wanted yam and other agricultural products to displace oil as the spotlight of the economy after the recent fluctuations in the world oil supply and price.

The planting of yam is done on free-draining and fertile soil. Yam has a high level of carbohydrate and it is low in fat and protein therefore it is a good source of energy.

Uses of Nigerian & African Yam Tubers

It can be consumed when boiled or roasted and can also be processed into other products. Yam is a very important food to Nigerians and other West African dwellers. Aside from consuming as food, it has massive industrial uses. It can be utilized in the production of all-purpose-adhesives. The adhesives are used in industries in the production of cartons, shoe industries, and others.

It can be processed and used as starch in the textile industries, and also its medicinal effect makes it a good heart stimulant and it is being used in the pharmaceutical industry for that purpose. It also has medicinal effects that can help boost the brain, body immunity, anti-cancer properties, and also reduction of inflammation in the body.

Yam tubers are also highly popular in Nigeria because of their acceptance in various cultural and religious circles. It is used for rituals and other festivals and also it is used to measure the level of a bridegroom’s wealth in marriage customs in Nigeria. Yam cultivation is very simple and cheap as it does not require so much to start with.

In Nigeria, more than 50 percent of the farmers have yam plantations (which may be large or small). When starting a yam exporting business, searching for a yam farmer might not be stressful as many of the farmers in the rural areas plant yam often.

Buying yam tubers from Nigeria for exporting purposes should be the priority for an international buyer to take advantage of the dominance the country has over other countries in the exportation of yams.

Also, the yam market globally is increasing and growing annually, it will be best to invest in such a fast-growing business. Many believe that the export of yam and other agricultural produce will help the Nigeria economy to diversify from the overdependence on crude oil alone. With the reduction in crude oil prices in the global market, exporting of these products will salvage a lot.

Types & Specification of Nigerian & African Yam Tubers

Various types of yam are been produced in Nigeria. We have Water yam, cocoyam, yellow yam, sweet yam, and others, but the ones that are mostly exported are the Sweet yams and the “poundable” ones (suitable for making pounded yams).

Specification of yam can vary in terms of what a buyer wants to get; this could be in terms of weight, length, and diameter. The typical specifications of yams to be exported include:

1. 15-40cm in length
2. 3.5 – 4.5 cm in diameter
3. No fibers or hairs
4. No branches (straight)
5. All sand must have been removed to the very minimal
6. Little to no injuries
7. Average size (Not too big and not too small)

Storage of yam should be done in a well refrigerated and ambient condition to reduce storage losses. The suitable temperature for storage should be between 12^oC – 16^o C. The exportation of yam is a very promising business.

How To Safely Source for Your Yam Produce

If you find the right export company, buying directly from them can make the purchase process easy and stress-free, when compared with doing the sourcing on your own. That said, there are few things to note when dealing with an export company in Nigeria or Africa. The specific requirements for Nigeria are listed below, but they mostly apply to other African countries:

1. The exporting company must be registered with the Corporate Affairs Commission (CAC) to make sure the company is registered and permitted to carry out business operations.
2. The export company must also be registered with the Nigerian Export Promotion Council (NEPC).
3. The company must possess a domiciliary account to accept international payments.
4. The company should get all necessary export-related documentation done before the shipment leaves the port of origin. Some of the documents are:
5. Certificate of origin
6. Bill of lading
7. Inspection Certificate (SGS, Cotecna, Bureau Veritas, Intertek, etc)
8. Phytosanitary certificate
9. Fumigation certificate

Where To Find Reliable Exporters

An important question that still needs to be answered is how to find yam tuber exporters in Nigeria. You can use any of the methods listed below:

• Attend trade fairs
• Use search engines like Google, Yahoo, etc.
• Search for agents on Linkedln
• Sign up on trade platforms (e.g. Alibaba, Tradeford, Go4WorldBusiness)
• Renamy Global Resources Ltd offers a reliable global order fulfilment solution for yam tuber and other agricultural produce. Our end-to-end supply chain solution makes the export of quality yam tubers easy, quick and safe. From the point of placing your order till it successfully gets delivered, we ensure you have nothing to worry about.

Price of Yam Tubers

The unit price of the yam tuber depends on a host of different factors including:

• The grade of the produce (usually the more the processing, the higher the price)
• The price of the raw material
• Age of the seeds (this can affect the price)
• The quantity ordered (the greater the quantity, the cheaper you can get it per ton)
• Harvest season (it is more costly when it is out of harvest season).
• Freight & haulage cost
• Percentage of markup
• Import duties
• Distance from the country of origin
• Technology/Infrastructure available in country of origin
• Relationship between the buyer and seller

That said, as at October 2021, yam tuber costs between $2,500 and $4,800 per metric ton (1,000 kilograms) i.e. $2.5/kg to $4.8/kg.

How To Pay For Your Yam Tuber Import

You can pay for your yam tuber import using different methods, but three of the popular ways of paying for your agric produce are:

• Bank (T/T) Payment
• Advance Payment
• Letter of Credit (LC)

Bank Payment (T/T)

Bank payment is also known as T/T, “Telegraphic Transfer” or “Telex Transfer” In other words, it is an international wire of funds from the buyer’s bank to the seller’s bank.

A T/T is technically not the same as a wire transfer, which is often done through the SWIFT network. However, when a seller or supplier asks for a T/T payment, a wire transfer is what they are really asking for.

The wire transfer based on the SWIFT system is the most common payment method in international trade. Typically, it takes 3-5 working days to clear, and generally costs between 25 and 50 USD, depending on your agreement with the commercial department in your bank.

Advance Payment

There are sellers that will demand anywhere from 30% to 50% advance payment, and for good reason. If both parties have done deals in the past, sellers can ask for a percentage of the sales (about 30%) before they ship the produce and they can request for the remaining amount after a scanned copy of the Bill of Lading has been sent to the buyer.

It is the safest option for exporters and it also guarantees that they will have some funds to help with sourcing. It is popular among manufacturers on B2B marketplaces like Alibaba and also with commodity traders.

However, advance payment carries considerable risk for the importer (buyer) because the exporter (seller) might not be under as much pressure to ensure quality checks compared with a stricter form of payment. Some might even disappear entirely.

Having said that, advance payment is very useful and is widely used. For instance, the seller might need to secure the commodity in the face of increased competition. It can also be used when the exporter needs some money for sourcing the produce or for processing raw materials.

The most important thing is for both importer and exporter to build mutual trust by having a track record of successful deals with each other or other known companies.

Letter of Credit

Letter of Credit is an agreement generated by the bank of the buyer, guaranteeing payment once certain conditions are met. It is one of the safest types of payment available to both buyer and seller.

Some of the types of Letter of credit are:

• Commercial Letter of Credit,
• Sight Letter of Credit
• Transferrable or Non-Transferable Letter of Credit
• Standby Letter of Credit (SBLC)
• Usance or Deferred Payment Letter of Credit
• Revocable or Irrevocable Letter of Credit
• Confirmed or Unconfirmed Letter of Credit
• Revolving Letter of Credit
• Green Clause Letter of Credit
• Red Clause Letter of Credit

L/Cs are not totally safe (for either buyer or seller) too. For instance, sellers can ship substandard products or those that are different from the ones agreed upon. In this case, the seller gets paid and the buyer receives good he cannot use.

And speaking of the dangers of L/Cs for the exporter, the conditions in the Letter of credit might be practically impossible to fulfil; if an exporter agrees to such, he might be unable to receive payment. A report stated that of the letters of credit received in the UK, 50% are unworkable while 70% are rejected by the banks for payment.

Shipping & Delivery Terms

When shipping your products, it is important to take note of a few factors:

Order Quantity

For smaller shipments, airfreight is often the preferred option but as the order volume increases, sea freight could become significantly cheaper. Usually when the order is close to a full container load (20 ft), sea freight is used. Despite all these, the Covid-19 pandemic has caused an increase in cost of delivery of products.

Cost of Delivery

When the order is of a large volume, sea freight often turns out cheaper than air freight. In fact, airfreight could be up to 6 times more costly than sea freight if the volume is large enough.

Time of Delivery

Sometimes, time will be more important to the buyer than the cost of delivering the produce. In this case, air freight will be the logical option (as stated above, the cost will be more). But if you have more time as a buyer, you should strongly consider using sea freight.

Incoterms

Incoterms refer to generally accepted shipping and payments terms. For example, buyers that have representatives in the source country or that can negotiate with the freight company can use the Free of Board (FOB) terms, since it gives them more control and can save them some money.

However, if the shipment is small or the buyer doesn’t have an extensive network to effectively handle payment for freight, insurance and port charges, he will be better off choosing the Cost-Insurance-Freight (CIF) payment option. You can find out more about Incoterms here.

Import Yam Tubers The Right Way with Renamy

Renamy Global Resources Ltd is a trusted global order fulfilment and sourcing solution company with deep expertise in the yam tuber industry. Our end-to-end supply chain solution makes the export of quality yam tubers easy, quick and safe. Whichever region of the world you are, be it Europe, Asia, USA, Canada, Africa, South America or Oceania, you can reliably order your agricultural products and we will ensure it is successfully delivered to you.

Our yam tuber trade specifications are listed below:

• Origin: Nigeria
• Product Name: Yam Tuber
• Physical Specification: Based On Buyer’s Specification
• Quantity: Based On Buyer’s Specification
• MOQ: 10 Metric Tonnes
• Trade Process: Ex Works/FOB/CIF
• Inspection: SGS/Cotecna/Intertek/Bureau Veritas
• Packaging: Based On Buyer’s Specification
• Payment Method: TT (Bank Transfer) or  L/C
• Shipping Time: 15 to 25 Days After Confirmation of TT or L/C
• Loading Port: Lagos, Nigeria or Tema, Ghana

Expected Shipping Documents

• Bill of Lading
• Certificate of Origin
• SGS Inspection Certificate
• Phytosanitary Certificate
• Fumigation Certificate
• Commercial Invoice
• Packing List

Kindly contact us today!