Good evening house, happy new year. Trust we have been doing great? Thank God.
So I was coming to update the house after the little misunderstanding between myself and Don, only to read about the scam issue. This is truly sad to hear. I pray that you get to the root of this and get the scammer nabbed soonest. That was too great a risk you took, for someone who's always been about full payments before shipping. It's well though.
To the issue at hand, as discussed, I had a total of about 8 kegs and a small keg returned, I have received 5kegs as replacement, and he has promised me that I'll get the rest 3kegs and the little extra, soon. All costs were borne by him, pls help me thank him. Hopefully I'll get the balance of the 3kegs soonest.
Then I have also come to realise some workers are sent from hell. You have a standard you maintain in your business but when you are away briefly, these people can ruin your reputation. Don, I pray that God will help you to recover from your loss and also bless you with dedicated workers who'll take the business like theirs so your quality standards can be sustained.
God bless everyone once again who intervene, I'm grateful �. Thank you once again Don, Sosongo

donparosky:
Good evening guys and a happy new year.
well it's been a while and people will be wondering why it took me so long to make an update here.........
I created this thread to unite dealers and make palm oil business easier for everyone of us.
Last month I sent 200 Kegs of palm oil to a client in Ibadan who contacted me from this platform. we agreed Pay on delivery. My boys arrived late and as usual delivered the oil. As we were having cargo for Lagos, the client claimed the amount was huge and cannot do a transfer which is correct. So I asked them to proceed to Lagos expecting payment the next day.
Until date both the oil and client is no where to be found. Funny enough we later got to know where we delivered the oil wasn't even his outfit.
The police is helping but nothing tangible for now. I feel terrible about some people on this platform trying to milk others out of their hard earned money but it's well......

Henceforth I have put a hold on all pay on delivery orders and until I put up an outlet in Lagos, Ibadan et al, we may not be taking any orders for now. You can do business with other sincere dealers in the platform or visit us in Akwa Ibom.

To those I promised to sell off their oil or buy off, honestly na man make man wicked. I don't think I can do that again, sort yourself out mbok..... it's just difficult to trust humans.

Finally whenever the outlets are ready and stocked, I'd inform them house. I wish everyone doing business the best....

God bless our hustles.

Hmmmmm!



By the way who says he cannot effect an electronic transfer no matter the amount. I can make a daily electronic transfer of 5m. Why did you not insist that he sends to you at least 80% of the monies and the rest later as he promised? I will blame you here. How on earth did you send 200 kegs of Palm oil to a stranger who did not make any form of commitment?

udysweet:
Good evening house, happy new year. Trust we have been doing great? Thank God.
So I was coming to update the house after the little misunderstanding between myself and Don, only to read about the scam issue. This is truly sad to hear. I pray that you get to the root of this and get the scammer nabbed soonest. That was too great a risk you took, for someone who's always been about full payments before shipping. It's well though.
To the issue at hand, as discussed, I had a total of about 8 kegs and a small keg returned, I have received 5kegs as replacement, and he has promised me that I'll get the rest 3kegs and the little extra, soon. All costs were borne by him, pls help me thank him. Hopefully I'll get the balance of the 3kegs soonest.
Then I have also come to realise some workers are sent from hell. You have a standard you maintain in your business but when you are away briefly, these people can ruin your reputation. Don, I pray that God will help you to recover from your loss and also bless you with dedicated workers who'll take the business like theirs so your quality standards can be sustained.
God bless everyone once again who intervene, I'm grateful �. Thank you once again Don, Sosongo

Good to hear this update. The year 2020 will be a good one for all of us.

Happy New Year

udysweet:
Good evening house, happy new year. Trust we have been doing great? Thank God.
So I was coming to update the house after the little misunderstanding between myself and Don, only to read about the scam issue. This is truly sad to hear. I pray that you get to the root of this and get the scammer nabbed soonest. That was too great a risk you took, for someone who's always been about full payments before shipping. It's well though.
To the issue at hand, as discussed, I had a total of about 8 kegs and a small keg returned, I have received 5kegs as replacement, and he has promised me that I'll get the rest 3kegs and the little extra, soon. All costs were borne by him, pls help me thank him. Hopefully I'll get the balance of the 3kegs soonest.
Then I have also come to realise some workers are sent from hell. You have a standard you maintain in your business but when you are away briefly, these people can ruin your reputation. Don, I pray that God will help you to recover from your loss and also bless you with dedicated workers who'll take the business like theirs so your quality standards can be sustained.
God bless everyone once again who intervene, I'm grateful �. Thank you once again Don, Sosongo

Aww many thanks madam.
One thing is certain about my business with you, its been a good and healthy one and we've bonded beyond business.
Apologies for all the wahala and many thanks for always checking up. Your encouragement and support is indisputable.
To the newbies I want to just add that risk is an integral component of business and you must just be ready. Am still working on putting up physical stores to mitigate some of our challenges.
To everyone who called in, texted or commented here to sympathize and make suggestions on the issue I reported, I am very grateful. For me its always beyond business.
God bless our hustles

I have 100 kegs of Quality crude palm oil for sale in Lagos.

You can reach me on 09028488749 or scholaraji@gmail.com

Happy New Month everyone... Please any idea of the latest and most current prices of oil? Thanks

So we are gradually approaching the palm oil season. This time, I predict that price will go below #6000 per keg. Oil will must likely go down to as much as #5000 per keg. If you want to do storage this year, have a rethink oh. Those who did it last year didn't see their period. In the local markets around me, price remained #7000 for over 6 months even until last week. Prices only change drastically during election period and or change in government. This year, once price crash below #6000, it will remain like that for another 6 months. This is my prediction

iHart:
So we are gradually approaching the palm oil season. This time, I predict that price will go below #6000 per keg. Oil will must likely go down to as much as #5000 per keg. If you want to do storage this year, have a rethink oh. Those who did it last year didn't see their period. In the local markets around me, price remained #7000 for over 6 months even until last week. Prices only change drastically during election period and or change in government. This year, once price crash below #6000, it will remain like that for another 6 months. This is my prediction

I feel differently.

It will be a profitable year for those who are into storage.

I feel obligated to give a report here, especially because of all the alarmism and negativity. I remember getting very scared when someone kept posting news and guvjng analysis about how supply is increasing and price will go to 5000 and people will make losses.

Well, turns out it was nonsense. I stored a substantial amount bought at 7,500 and sold at 11,000. Same town/ no interstate travel or any major costs beyond bringing from firm into town. That's more than 30% profit - We've seen better but considering that treasury bills (my default investment is giving returns of about 5% per anuum now, I'm a very satisfied man).

I don't know what will happen this/next year, but I'm definitely doing palm oil again. Returns might increase or decrease but I know I'll not make a loss. The key thing is to diversify and hold other commodities. There's Maize, Egusi (past ideal buy period), sorghum etc.

In short, don't allow anyone tension you. If you 1. Buy high quality; 2. Buy when appropriate; 3. Store Properly and 4. Sell when appropriate, you'll definitely make some profit.






P. S. This should not be construed as financial advice. I'm speaking in personal capacity.

Price is crashing...

Today's price at Oriendu market, Isuikwuato, Abia State is #6200. But I bought #6500 in my usual way of using price to scout for oil. Next week, its obviously going down to #6000. This price is for second grade.

koonbey:
I feel obligated to give a report here, especially because of all the alarmism and negativity. I remember getting very scared when someone kept posting news and guvjng analysis about how supply is increasing and price will go to 5000 and people will make losses.

Well, turns out it was nonsense. I stored a substantial amount bought at 7,500 and sold at 11,000. Same town/ no interstate travel or any major costs beyond bringing from firm into town. That's more than 30% profit - We've seen better but considering that treasury bills (my default investment is giving returns of about 5% per anuum now, I'm a very satisfied man).

I don't know what will happen this/next year, but I'm definitely doing palm oil again. Returns might increase or decrease but I know I'll not make a loss. The key thing is to diversify and hold other commodities. There's Maize, Egusi (past ideal buy period), sorghum etc.

In short, don't allow anyone tension you. If you 1. Buy high quality; 2. Buy when appropriate; 3. Store Properly and 4. Sell when appropriate, you'll definitely make some profit.






P. S. This should not be construed as financial advice. I'm speaking in personal capacity.

Abeg which month did you buy N7500 likewise which month did you sell N110000.
Make una fear God naa

megamart247:


Abeg which month did you buy N7500 likewise which month did you sell N110000.
Make una fear God naa

LOL.Okay Sir/Ma.

Hi guys been a while here. Been in a training somewhere and twas occupying. Great to be back.

donparosky:
Hi guys been a while here. Been in a training somewhere and twas occupying. Great to be back.

welcome back the oil machant

Price is dropping geometrically even when we are yet to enter palm oil season. Yesterday price in the local market, Oriendu Isuikwuato, Abia state was #5500.

Wetheral Oil sells topnotch quality palm oil 
Grade one      
We deliver nation wide
Delivery capacity: 1000kegs per 2 weeks
Mill site: imo state

Contact:
wetheraloil@gmail.com
08138617216

donparosky:
Hi guys been a while here. Been in a training somewhere and twas occupying. Great to be back.

Welcome back. I hope you got the issue finally settled. Please tread cautiously next time to minimise loss. May we experience more good deals in the months to come.

does the price of oil include the cost of the container when selling, what I mean to ask is do you buy a new container when buying oil each time.

iHart:
Price is dropping geometrically even when we are yet to enter palm oil season. Yesterday price in the local market, Oriendu Isuikwuato, Abia state was #5500.

1st grade?

udysweet:

1st grade?

freshly milled but not first grade. I bought #6000 two days ago. I hope to buy #5500 on Saturday.

What's the current price in ABJ

Please what's the current price of palm oil

Donparosky please stop. Are we aware of any training that you are telling us about your training? Your last communication here was how you were duped and how you couldn't keep to the promises you made to some of your customers. Why don't you start with addressing those issues instead of talking about training.

We are not kids here and we know you are back because it is time for palm oil sales. So stop already. I know your goons will come out to attack my post but I don't even care.

PS: anybody that loves palm oil business should pay close attention to iHart's comments.

Decapi:
Donparosky please stop. Are we aware of any training that you are telling us about your training? Your last communication here was how you were duped and how you couldn't keep to the promises you made to some of your customers. Why don't you start with addressing those issues instead of talking about training.

We are not kids here and we know you are back because it is time for palm oil sales. So stop already. I know your goons will come out to attack my post but I don't even care.

PS: anybody that loves palm oil business should pay close attention to iHart's comments.

Bros we are not competing here OK.
if you have oil to sell or trying to Hype another dealer mbok kindly do it freely cos no one is stopping you. If you notice I encourage everyone here to sell and do business freely.
Unfortunately our problem as Nigerians is that we love to compete negatively with others.

Did u read my post well, I went for a training somewhere and just returned. What is wrong in updating the house.

You see, I have had competitors open fake monikers to blackmail me and my business on this platform . I have had people dupe me out of trust all from this platform but unfortunately I've not fallen cos my source is God. maybe I should let you know that I am a career man who just decide to help others succeed and encourage others to hustle.

Senior man please tell whoever asked you cos YOUR MONIKER WAS JUST CREATED SOME DAYS BACK to make the post that the world is big enough for everyone to succeed. Negative comments like this have made me withdraw from this thread and contemplate inviting mods to take it down but I see some genuine guys hustling here and I wish them the best including poster @ poster.

I have had situations were people I never supplied oil still come here to say trash lol. Last last I will just be keeping mute over some irrelevant comments.

Finally let make it clear that I have rejected so many orders from clients until my outlets are ready. I only intend to supply clients who are willing to come down and pick their oil.

God bless our hustle

abeg forgive my typo, am typing at work

felixzo1:
welcome back the oil machant

thank you sir

uboma:




Welcome back. I hope you got the issue finally settled. Please tread cautiously next time to minimise loss. May we experience more good deals in the months to come.

Amen sir and thank you

On October 2019, I raised alarm about the presence of fraudulent people invading the platform and some of you guys joke with it. The first victim is now the oga donparosky himself. BEWARE OF PEOPLE WHO JUST OPEN RECENT MONIKER TO PLACE ORDER WITHOUT PAY.
AM STILL RAISING ALARM.

etiumo:
Attention Danparosky . Am sensing the presence of yahoo boys. Come up with a disclaimer.

donparosky 25post=86917798:
thank you sir

how much is palm oil now, when selling is the cost inclusive of the container?? what is the profit margin if you sell in Abuja for example. will you get up to 1k per 25liters

iHart:
If you were in Enugu, I would have packed the oil from you and use it to boil soap...

Hello,
Good pm, i was researching on how to start small scale red oil business and i stumbled on this thread. Luckily, it seems you're from Enugu.

I'm from Enugu too and i would appreciate your guidelines. I don't even know who to sell to if i should start.

etiumo:
On October 2019, I raised alarm about the presence of fraudulent people invading the platform and some of you guys joke with it. The first victim is now the oga donparosky himself. BEWARE OF PEOPLE WHO JUST OPEN RECENT MONIKER TO PLACE ORDER WITHOUT PAY.
AM STILL RAISING ALARM.

my brother you are very correct.
it is well. hope you doing good

felixzo1:
how much is palm oil now, when selling is the cost inclusive of the container?? what is the profit margin if you sell in Abuja for example. will you get up to 1k per 25liters

abuja is selling for 11500 as at this morning. Your greatest challenge will be transportation. however u should make 2k after all spendings

hpymoment:


Hello,
Good pm, i was researching on how to start small scale red oil business and i stumbled on this thread. Luckily, it seems you're from Enugu.

I'm from Enugu too and i would appreciate your guidelines. I don't even know who to sell to if i should start.

oh sorry, I am not from Enugu but I have a business I manage for a client in Enugu that uses palm oil as raw material. I am based in Abia State and I am not into palm oil business. I only buy them for my soap making business. I post price here as a guide, not that I am into the business.