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Re: Vietnam Rejects Cashew Export From Nigeria by Nobody: 10:58am On Jan 19, 2019 |
zinizta: E pain am. Pls use this and end it already
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Re: Vietnam Rejects Cashew Export From Nigeria by vladimiros: 11:14am On Jan 19, 2019 |
I don't get it. was there not an agreement before exporting? |
Re: Vietnam Rejects Cashew Export From Nigeria by grandstar(m): 11:29am On Jan 19, 2019 |
Governordeb: The quantity 37,000 Mt sounds preposterous! That's about 3 shiploads! I'm sure it's probably 1% of that figure |
Re: Vietnam Rejects Cashew Export From Nigeria by larryking540: 12:56pm On Jan 19, 2019 |
BeiFangLaye: It's already taking over I kw how much I make in a month from my agriculture, ,,,i have a university degree and a poly degree and also a programmer so, ,,,just get ur armor prepared |
Re: Vietnam Rejects Cashew Export From Nigeria by larryking540: 12:58pm On Jan 19, 2019 |
vladimiros:Dats wat am also thinking right now ,,,,dat is d worst type of business I hate, ,,after suppling then u will start negotiating d money, it's very annoying |
Re: Vietnam Rejects Cashew Export From Nigeria by olioxx(m): 1:11pm On Jan 19, 2019 |
No body trust Niaja again. Even Vietnam���
Anyways wetin I know sef. |
Re: Vietnam Rejects Cashew Export From Nigeria by Asiwaju00794(m): 1:25pm On Jan 19, 2019 |
Vietnam don't want to do business with Nigeria.... they should stop criticising the price of cashew...... |
Re: Vietnam Rejects Cashew Export From Nigeria by Asiwaju00794(m): 1:27pm On Jan 19, 2019 |
how can one go about exporting this Nigerian hibiscus flower and Shea butter |
Re: Vietnam Rejects Cashew Export From Nigeria by mechanics(m): 1:33pm On Jan 19, 2019 |
Govt should soft pedal so that it won't be a waste of resources exporting it back to Nigeria. |
Re: Vietnam Rejects Cashew Export From Nigeria by Akinwaley11(m): 3:23pm On Jan 19, 2019 |
[quote author=Mcreloaded post=74902176]Before the cashew left Nigeria for Vietnam did the supplier and buyer not negotiate the price. This is the first time in my life I am hearing that a product is being rejected by a buyer after being supplied because if high price. Or is it me that did not read the post well?[/ you are quietly right but in other way, i think maybe they have the actual price they buys it before, they thought it would still be the same but Nigeria exporters didn't notify them for the increase in price so they had to reject it. |
Re: Vietnam Rejects Cashew Export From Nigeria by Akinwaley11(m): 3:27pm On Jan 19, 2019 |
Mcreloaded:you are quietly right but in other way, i think maybe they have the actual price they buys it before, they thought it would still be the same but Nigeria exporters didn't notify them for the increase in price so they had to reject it. |
Re: Vietnam Rejects Cashew Export From Nigeria by buchasman(m): 4:25pm On Jan 19, 2019 |
Mcreloaded: They are just sparring with words. 1 Like |
Re: Vietnam Rejects Cashew Export From Nigeria by zinizta: 4:40pm On Jan 19, 2019 |
FreddyKruger: Ok |
Re: Vietnam Rejects Cashew Export From Nigeria by kross01(m): 2:31am On Jan 20, 2019 |
specter:International commerce doesn't play like that sir. Sometimes in international commerce, your responsibility to your buyer may even end at your own end where you make the agreed product in the agreed quantity available for the buyer to load(example of how our crude oil is sold). Again, at those points, nobody is discussing prices anymore. No international trade will you ship your wares first before you start your price negotiations with your buyer. |
Re: Vietnam Rejects Cashew Export From Nigeria by Nobody: 7:15am On Jan 20, 2019 |
T kross01: Thanks for the education. I ma go do further reading on international trade just in case you are wrong. Thanks once more. |
Re: Vietnam Rejects Cashew Export From Nigeria by habinccihub: 9:31am On Jan 24, 2019 |
Yes now... Too expensive... When they can get it cheaper from Uganda |
Re: Vietnam Rejects Cashew Export From Nigeria by fatytoy333(m): 6:03am On Jan 26, 2019 |
Group blames speculators for rejected 37,000 tonnes of cashew The Federation of Agricultural Commodity Associations of Nigeria has heaped the blame for the rejection of 37,000 tonnes of Nigerian cashew by Vietnamese buyers, on Nigerian and foreign produce merchants, who engage in speculative buying in the Nigerian produce market. The President, FACAN, Dr Victor Iyama, disclosed this to our correspondent on Thursday. Iyama said people were in the habit of rushing to the market and just paying any price on produce, no matter how high. He equally blamed foreigners who come into the Nigerian market and overprice the produce because they wanted to get ahead of the competition. He said,”It is a lesson for us that we should not just rush into the market and buy at any price we see, and escalate prices in the process. “The government needs to check the influx of foreigners into the Nigerian produce market. They come in because they have money and the moment they see somebody pricing produce, they go ahead and offer to pay a higher price. Eventually, the produce price becomes very high locally.” The Deputy Executive Secretary, FACAN, Mr Peter Bakare, had explained that 37,000 tonnes of cashew exported from Nigeria to Vietnam were rejected because of high price of the commodity. He said that the price volatility was due to the lack of conducive business environment that had made the price of raw cashew from Nigeria to be higher than the price of finished product in the international markets. He said, “The banks in Vietnam that usually provide the loans to their buyers for purchase complained that the prices of the finished products are less than the price of raw materials. “The Vietnam financial institutions, therefore, backed out of the business, stressing that it is not a profitable venture for its farmers, so the produce are stuck in Vietnam now,’’ he said. On what next for the exporters, Iyama responded that the expectation was towards the next cashew season which would be February. He said, “I am advocating that more of our cashew should be processed and consumed locally. Also, we should sell more of the processed ones instead of raw cashew.” He pointed out that cashew was not on the terminal market, and so the price was subject to negotiation. “People can renege on the contract they made with the sellers, giving all kinds of excuse. They can say, for instance, that the shipment came late, especially with the situation we are currently experiencing at the ports.” On the estimated loss to the operators, Iyama said it could not be determined yet, adding that in the new season, it would be possible to assess what was sold and leftover, as well as the profit and the losses. |
Re: Vietnam Rejects Cashew Export From Nigeria by Timi1990(m): 7:19am On Jan 26, 2019 |
fatytoy333: Hmmm I still can’t believe that anyone will ship a whole container of raw agriculture product without agreeing on price or down payment. |
Re: Vietnam Rejects Cashew Export From Nigeria by EXPORTFINANCE: 5:51pm On Dec 30, 2019 |
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Re: Vietnam Rejects Cashew Export From Nigeria by EXPORTFINANCE: 9:36am On Jan 13, 2020 |
2020 season loading..... we want 100 trucks of dried raw cashew nuts ...53+ kor, 160-175 nut count...payment immediately @ delivery to Lagos Warehouse....serious suppliers only!... call 08037171978, 08077881934 (whatsapp) |
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