The Nigerian market shows that garri can be in the range of $600 to $800 / ton, and if people produce the higher quality of garri, they can sell it for a higher price. So the sale price about $600 / ton, the net profit is $230 / ton.
Is garri processing profitable?
The PI ratio was 0.42; IRR was 73% while the OR was 0.54. This study concludes that garri processing was profitable and so adult education should be encouraged and supported to improve on profit in the study area.
Is garri a good business?
Another benefit of the garri business is that it requires low investment. … You can also take it a notch higher by making proper arrangements to have your goods exported; In foreign countries, there is a high demand for garri.
How profitable is cassava processing business in Nigeria?
Because Nigerians eat these foods a lot, cassava farming is a very profitable business in Nigeria. … The average selling price of 1 tonne of raw cassava is N25,000. So, if you sell your raw cassava to the women who make garri and akpu, you’ll make N750,000 (30X25,000), which is a profit ofN400,000.
How much is 50kg of garri in Nigeria?
Prices of Garri in Nigeria Today
|Garri Type||Quantity||Current Price|
|White Garri||50 kg||₦17,000|
|White Garri||100 kg||₦34,000|
|Yellow Garri||Per paint||₦1,100|
|White Garri||Per paint||₦850|
How is garri industry set up?
How to start a garri factory in Nigeria?
- The first is raw material. You should make sure adequate supply of fresh cassava tubers. …
- The second is buying land for starting a garri processing factory. …
- Last but not least, you should purchase the garri machines involved in garri production.
How do I start a garri processing company?
HOW TO START GARRI PROCESSING IN NIGERIA
- CAPITAL. The size of the business you are envisaging will determine the amount you need to start Garri processing business. …
- SPACE. …
- BUILDING. …
- DRY SECTION. …
- WET SECTION. …
- CASSAVA ROOTS SOURCING. …
- TRANSPORTATION. …
How many paint bucket is in a bag of garri?
How many paint buckets are in a bag (sack) of Ijebu gari? A bag of Ijebu garri contains 20 paint buckets of ijebu garri.
What makes garri business thrive?
Garri is processed from cassava tubers, and has become a much wanted staple food in Nigeria. … Cassava can be processed into different products like garri flour, fufu, tapioca, ethanol, chips, starch, glucose syrup, etc. All these products are in high demand locally and possess significant export potentials.
How much is cassava per ton in Nigeria?
As per our market research, we found out that the prices of cassava in the Nigerian markets vary from one state to another, but the average price per ton of Cassava starch is between ₦300,000 to ₦450,000, the price per ton of Cassava flour is between ₦250,000 to ₦350,000 while the price per ton of Cassava chips sells …
Is cassava Processing profitable?
The profitability analysis showed that cassava processing into garri (fried cassava granules), chips and fufu/akpu (cassava dough) are profitable, (t =23.55, 11.95, 12.37: P≤ 0.01). … The result of the post-hoc of ANOVA shows that among the three cassava products studied, garri had the highest profit.
How much is cassava processing plant?
The estimated total initial investment cost of cassava processing plant in nigeria is N70,800,000.
How do you set up a cassava processing plant?
Place for how to set up cassava processing plant should have stable water source, preferably with a deep water well or close to river water, with convenient drainage and no pollution around. c. Choose a place with a stable power supply, ensure sufficient and reliability of the power supply.
How many kg is a paint bucket of garri?
One pack is 3.4 kg (the popular paint bucket).
How much is a basin of garri?
A survey of markets in Calabar reveals that a basin of garri, which was sold for N3500 in April, now sells at between N5000 and N5500.
How much is a bag of garri in Nigeria 2020?
Mushin, Daleko, Oyingbo, and Mile 12 are some of Lagos’ largest markets. From price comparisons among these markets, the price for 50 kilograms of white or yellow garri was on average 13.3 thousand Naira (over 30 U.S. dollars).