Nigerian Soybeans: Your Premium Source for Quality and Nutrition

Nigeria is one of the top producers and exporters of soybeans in Africa, offering highquality soybeans to international markets. The exceptional quality of Nigerian soybeans attracts numerous global buyers, and many dealers are increasingly seeking information on how to procure soybeans from Nigeria.

Why Choose Soybeans from Nigeria?

In certain African countries, purchasing soybeans can be challenging due to stringent government controls. For instance, in countries like Zambia, the government plays a significant role in soybean sales, complicating the process. However, Nigeria offers a more accessible market where local companies freely buy and sell soybeans and other soybean products. This open market system simplifies the trading process for international buyers, making Nigeria an attractive destination for soybean procurement. In recent years, there has been a significant rise in buyers from Europe, Asia, and the Middle East.

Basic Information About Soybeans

Nigeria produces soybeans in several states, with an annual production yield of approximately 700,000 metric tons. Soybean farming is a major agricultural activity in states such as Benue, Kaduna, Taraba, and Nasarawa. These regions are known for producing soybeans with a high protein content and excellent nutritional value, making them highly sought after by food and feed manufacturers worldwide.

Key Soybean Producing Areas:

•  Benue State: The largest soybean producing state in Nigeria, known for its high yield crops.
•  Kaduna State: Renowned for its fertile soil and excellent bean quality.
•  Taraba State: Produces a significant amount of soybeans with a unique nutrient profile.
•  Nasarawa State: Known for its consistent bean quality and high production yield.

 Common Soybean Specifications in Nigeria

International buyers should consider the following specifications when purchasing soybeans from Nigeria:

•  Protein Content: Minimum 35%
•  Oil Content: Minimum 18%
•  Moisture Content: Maximum 13%
•  Foreign Matter: Maximum 2%
•  Damaged Beans: Maximum 3%
•  Bean Size: Medium to large
•  Inspection: SGS

These specifications ensure that buyers receive high quality soybeans suitable for various food and feed manufacturing needs.

 Soybean Processing and Value Addition

Nigeria is not only a major producer of raw soybeans but also has several soybean processing facilities. These facilities produce soybean oil, soybean meal, and other soybean derivatives. Local processing adds value to the raw beans, offering international buyers various soybean products.

 Purchasing Soybean Derivatives

To buy processed soybean products, buyers can either:

•  Partner with local processing facilities: This allows for direct purchase and potentially lower costs.
•  Set up processing facilities: By investing in local processing plants, buyers can process beans locally, reducing export costs and increasing profit margins.

 How to Safely Source Your Soybeans

Buying directly from reputable export companies can make the purchase process smooth and hassle free. Here are a few important considerations when dealing with an export company in Nigeria:

1. Corporate Registration: The export company must be registered with the Corporate Affairs Commission (CAC).
2. Export Certification: The company should be registered with the Nigerian Export Promotion Council (NEPC).
3. Domiciliary Account: The company should have a domiciliary account for international payments.
4. Export Documentation: Ensure all necessary export related documents are prepared before shipment, including:

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

 Where to Find Reliable Exporters

To find soybean exporters in Nigeria, you can use the following methods:

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

Effy Agro offers a reliable global order fulfillment solution for soybeans and other agricultural produce. Our end to end supply chain solution ensures the export of quality soybeans is easy, quick, and safe. From placing your order to successful delivery, we ensure a seamless experience.

 Price of Soybeans

The unit price of soybeans depends on various factors, including:

•  Grade of the Produce: Higher quality beans typically command higher prices.
•  Raw Material Cost: The price of the raw beans affects the overall cost.
•  Bean Age: Older beans might affect the price.
•  Order Quantity: Larger quantities often result in lower prices per ton.
•  Harvest Season: Prices are higher outside the harvest season.
•  Freight and Haulage Costs: These vary based on distance and shipping method.
•  Markup Percentage: Varies by seller.
•  Import Duties: Differ by country.
•  Relationship Between Buyer and Seller: Longterm relationships may lead to better pricing.
•  Technology/Infrastructure: Advanced infrastructure can lower costs.
•  Distance from Origin: Shipping costs vary with distance.

 Payment Methods for Soybeans

Three common payment methods include:

1. Bank (T/T) Payment: International wire transfer from the buyer’s bank to the seller’s bank, taking 35 working days to clear.
2. Advance Payment: Partial payment upfront (3050%) with the remaining balance paid after shipment confirmation.
3. Letter of Credit (L/C): A bank guarantee that ensures payment once specific conditions are met, offering safety for both buyer and seller.

 Shipping & Delivery Terms

Consider the following factors for shipping your products:

•  Order Quantity: Larger orders may benefit from sea freight, while smaller ones might use air freight.
•  Cost of Delivery: Sea freight is usually cheaper for larger volumes.
•  Time of Delivery: Air freight is faster but more expensive.
•  Incoterms: Determine the most suitable shipping and payment terms for your needs (e.g., FOB, CIF).

 Import Soybeans the Right Way with Effy Agro

Effy Agro is your trusted partner for sourcing and exporting quality soybeans. Our expertise and extensive network ensure that your orders are handled efficiently and delivered safely. Here are our trade specifications:

•  Origin: Nigeria
•  Product Name: Soybeans
•  Physical Specification: Based on buyer’s requirements
•  Quantity: Based on buyer’s requirements
•  MOQ: 10 Metric Tonnes
•  Trade Process: Ex Works/FOB/CIF
•  Inspection: SGS/Cotecna/Intertek/Bureau Veritas
•  Packaging: Based on buyer’s requirements
•  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