How To Start The Lucrative Export Of Sesame Seeds From Nigeria To International Buyers

Nigeria produces over 580,000 tonnes of Sesame Seeds every year. And irrespective of the figure being smaller than some other local agricultural products production rates, Sesame Seeds have now become Nigeria’s largest exported agricultural product as at the end of the year 2018, with the potential to generate over $4 billion US dollars in revenue on a yearly basis by the activities of sesame seeds exporters in Nigeria.

Sesame Seeds are abundant in multiple local large markets mostly located in Northern Nigeria. The mere fact that it is rarely consumed or used in Nigeria, makes the sesame seeds export from Nigeria potential large since the world’s demand for sesame seeds keeps growing at a rate of over 4% yearly. Meaning that over 95% of all Sesame Seeds produced in Nigeria are exported by sesame seeds exporters in Nigeria as either hulled or unhulled sesame seeds.

With abundant local availability of Sesame Seeds in Nigeria and a great global demand for Sesame Seeds from Sesame Seeds buyers in Japan, China, Turkey, India, Vietnam, Netherlands, Germany, Greece, France, Poland, and much more places around the world, venturing in the Sesame Seeds export business by prospective and current Sesame Seeds exporters in Nigeria can be a great way to venture into the export of Sesame Seeds from Nigeria.

Here’s everything you need to learn about the Sesame Seeds export business by entrepreneurs looking to become Sesame Seeds exporters in Nigeria and how Sesame Seeds buyers can successfully buy Sesame Seeds from Sesame Seeds suppliers in Nigeria:

See Also: How To Start The Lucrative Export Of Ginger From Nigeria To International Buyers

First, What Are Sesame Seeds?

Sesame Seeds are tiny little seeds that are gotten from a Sesame flowering plant in the genus Sesamum. It is harvested in different colours ranging from white to brown and black, and is sold by Sesame Seeds exporters in Nigeria as unhulled (natural) or hulled.

See Also: How To Start The Lucrative Export Of Dry Hibiscus Flower From Nigeria To International Buyers

So What Is Sesame Seeds Export About?

Sesame Seeds export is the export of Hulled or Unhulled Sesame Seeds from Nigeria to international buyers located in various parts of the world. It is processed upon arrival at the buyer’s facility for various food uses like in the production of Sesame Oil, in a bakery, powder for food, and much more.

See Also: How To Start The Lucrative Export Of Cashew Nuts From Nigeria To International Buyers

Facts About Sesame Seeds Export

• Sesame Seeds are majorly grown in the Northern regions of the country.
• Kano, Maiduguri, Bauchi, and Benue grown Sesame Seeds are the most demanded Sesame Seeds for export by Sesame Seeds buyers from Sesame Seeds exporters in Nigeria.
• Growing Sesame Seeds can create a great source of employment.
• Sesame Seeds are also called Benne Seeds in Nigeria.
• There are White, Black, and Brown Sesame Seeds.
• Sesame Seeds are usually exported as unhulled or hulled, but Sesame Seeds exporters in Nigeria majorly export unhulled Sesame Seeds to Sesame Seeds Buyers worldwide.
• Sesame Seeds
• Sesame Seeds are a very rich source of food in many parts of the world.
• The profit margins on the sale of Sesame Seeds to international buyers can be anywhere from 15% to 40% depending on if you’re the farmer or are purchasing from the farms.
• As a broker, you can venture into this business with $0.
• China is the top importer of Sesame Seeds in the world.
• Japan was the top importer of Sesame Seeds from Sesame Seeds sellers in Nigeria as at 2018
• There are at least 26 sesame-growing states in Nigeria, with some of them being Ebonyi, Delta, Jigawa, Bauchi, Nassarawa, Kano, Benue, Sokoto, Oyo, and Taraba.
• Nigeria is the second largest producer of sesame seeds in Africa and the seventh largest in the world.

See Also: How To Secure Commodity Trade Finance For Your Import/Export Business

Types Of Sesame Seeds

1). Unhulled Sesame Seeds:

Unhulled Sesame Seeds are natural sesame seeds that are still embedded in their hulls or seed coatings or chaff after harvest. They can be eaten and have a crunchy different taste than the hulled Sesame Seeds. They are harvested as either brown, black, or white Sesame Seeds.

Unhulled sesame seeds are the most exported types of Sesame Seeds by Sesame Seeds exporters in Nigeria.

2). Hulled Sesame Seeds:

Hulled Sesame Seeds are Sesame Seeds that have been processed to remove the hulls or outer coverings. They can also be harvested as either brown, black, or white Sesame Seeds.

Hulled Sesame Seeds are exported in much smaller volumes than unhulled Sesame Seeds by Sesame Seeds exporters in Nigeria.

See Also: How To Buy Cashew Nuts In Nigeria: The Complete Guide

Business Opportunities In Sesame Seeds Export

1). Sesame Seeds Export:

Sesame Seeds are usually sold at varying amounts at the farms, local markets, or processing centres, and are then further resold to international buyers at varying prices per metric tonne depending on the specification, the seller’s connection to the farms, the trade process, and the final negotiations with the buyer.

In all, your profit margin from the export of Sesame Seeds from Nigeria can be anywhere from 15% to 45%.

2). Sesame Seeds Brokerage:

Most people have zero cash to start a Sesame Seeds export business, and as such, start by venturing into Sesame Seeds brokerage. Most of these brokers can be found in India, Vietnam, China, and China. They source Sesame Seeds buyers and sellers and try to make a deal happen in exchange for a commission on the trade.

You can join the growing number of Sesame Seeds exporters in Nigeria by venturing into the Sesame Seeds brokerage business, through linking a buyer to a seller, and in the process, earning a commission on every successful trade you close.

See Also: How To Source Commodities In Africa: The Complete Guide For Importers & Exporters

Setting Up Your Sesame Seeds Export Business

1). Register Your Export Business:

The first step to starting a Sesame Seeds export business is to register a legal business. To do this, you must first register a limited liability company with the Corporate Affairs Commission of Nigeria, then go on to register your business with the Nigerian Export Promotion Council and any local associations regulating the purchase and sale of Sesame Seeds.

Registered business names are not allowed to register with the NEPC, and so, you can only function as an exporter with a Limited Liability Company registered under the laws of the Federal Republic of Nigeria.

For international investors, you can also start up your own cashew nuts export business from scratch from first visiting the Nigerian Investment Promotion Council (NIPC) or invest in a local cashew nuts exporter in Nigeria to be able to get cashew nuts at a far lower price than others would have gotten.

See Also: 10+ Legal Requirements For An Import And Export Business in Nigeria

2). Find The Direct Farms and Sources For Exports:

Although this can be done before, during, or after your company has been registered with the appropriate bodies, the next step is to source for the direct farms, markets, and processing centres that would be supplying the Sesame Seeds for you on behalf of your clients.

It’s usually better you get direct access to the farmers, so you can get the best possible price. Going through a proxy could waste more time, cost more money, and reduce your profit margins.

3). Setup A Proper Business Structure, Trade Process, & Branding:

During or after registering and securing your buyers, it is important you set up a proper business structure that looks internationally reputable. Some ways to do this are to build an international standard website, get a business address, create a company profile, and also have a corporate offer format you can customize and send to buyers who request an offer. Also set up a corporate email that reads something like this: “[email protected]”.

If renting an office is too expensive, you could pay for a virtual office at a co-working hub and use their address for meetings.

When you organise your company this way, buyers would feel really confident about doing business with you and would tend to choose your business as their preferred partner.

4). Source For Buyers:

The next thing is to source for international buyers for your products. You can do this by registering on websites like:

• www.exportersindia.com
• www.alibaba.com
• www.linkedin.com

And several others.

You can also build an influential social account on LinkedIn and market your Sesame Seeds to a unique business audience you’d build over time.

See Also: How To Find International Buyers For Your Import/Export Business

5). Export Your Products:

Upon sealing agreements with the Sesame Seeds buyers, getting issued an Irrevocable Corporate Purchase Order, signing a Sales and Purchasing agreement, and more, Sesame Seeds Exporters in Nigeria can then proceed to ship the Sesame Seeds to the buyer.

The shipment could be done on either Free On Board (FOB) or Cost, Insurance and Freight (CIF) basis. Where FOB means you cover the cost of the goods and every other thing till its arrival at the shipping point, and CIF means that you cover the cost of everything including insurance and transporting the goods to the buyer’s port of destination.

See Also: The Best Way To Invest In Africa: A Focus On Nigeria

How International Buyers Of Sesame Seeds Can Find Sesame Seeds Exporters In Nigeria

• Use LinkedIn to your advantage
• Find brokers who represent selling companies
• Attend trade fairs
• Contact the Chamber of Commerce
• Sign Up on International Trade Platforms
• Use search engines
• Hire local agents on a commission basis
• Contact Globexia – Globexia is one of the top Sesame Seeds exporters in Nigeria and is a premier fast-growing commodity trading company in Nigeria with the ability to export agricultural products ranging from Sesame Seeds to Cashew Nuts, dry split ginger, and much more. You can visit the website here.

For a more in-depth explanation of these points on how to source commodities like cashew nuts and cashew kernels from Nigeria, you can read this article we previously published.

Challenges Of The Sesame Seeds Export Business

1). Lack of experience causes exporters to either purchase the wrong specifications, underprice or overprice their products, and much more.

2). Your Sesame Seeds en route a warehouse may get robbed or seized by government officials before arrival.

3). Fake buyers wasting exporters time with fake inquiries.

4). Most prospective entrepreneurs have little to no access to finance their projects.

5). Most Sesame Seeds sellers have poorly managed supply chains and may sometimes be unable to deliver.

6). Your time could be wasted as a result of long-term conversations with Sesame Seeds buyers who have no real money to pay.

7). The large pool of fraudsters posing as Sesame Seeds sellers makes it difficult for Sesame Seeds buyers to trust you.

Conclusion

The Sesame Seeds export business is a lucrative one for anyone who chooses to venture into the export of agricultural products from Nigeria. Depending on the quantity the buyer needs, your profit margins as a Sesame Seeds exporter in Nigeria could be far higher or lower, but still substantial.

Starting an agricultural export business in Nigeria with an initial focus on Sesame Seeds export is a way to not just only get into the industry by becoming a Sesame Seeds exporter in Nigeria, but a great start to building a long-term business that could someday employ thousands of people directly and indirectly.

An Important Point

Trying to buy Sesame Seeds from Sesame Seeds exporters in Nigeria through genuine sellers can lead to a lot of wasted time and efforts on the part of the Sesame Seeds buyers. They spend a lot of time vetting sellers in Nigeria, doubting their results even if positive, and going back and forth too many times than they can count, only to end up either cancelling their decision to buy or making a purchase after months or years have passed.

Finding real Sesame Seeds exporters in Nigeria can be a problem. To make this possible for Sesame Seeds buyers, Startup Tips Daily Media, through her sister company, Globexia, can export Sesame Seeds to genuine buyers from Nigeria or anywhere in the world.

Whatever will help buyers close genuine Sesame Seeds export-based transactions fast, transparently, and easier, we can make the process as stress-free as possible.

Our Sesame Seeds export business in Nigeria is completely transparent, and as a result, we will not deal with a buyer who intends to cut corners or outsmart any party in the course of the transaction.

If you’re a genuine Sesame Seeds buyer, you can reach out to us through the contact form below. If you’d like us also to help you export most of your Sesame Seeds, we’d be glad to do so with mutually agreed terms.

In addition to our Sesame Seeds export business in Nigeria, we’re also Cashew Nuts Exporters In Nigeria and can export Cashew Nuts to buyers around the world.

If you’re only a scam, don’t waste your time, as the conversation wouldn’t last too long after a few questions and demands to prove your authenticity have been made from our end.

Our Sesame Seeds Trade Specifications are listed below:

Origin: Nigeria

Product Type: Sesame Seeds

Quantity: Based On Buyer’s Specification

Price: Negotiable / Metric Tonne

Trial Order: 19 Metric Tonnes (One 20 ft Container Load)

Trade Process: FOB/CFR

Payment Method: 100% irrevocable and confirmed L/C at sight from a prime bank

Shipping Time: 15 to 25 days after confirmation of L/C

Loading Port: Nigeria

Specifications

Purity: Minimum of 97%

Oil Content: Minimum of 50%

Moisture Content: Maximum of 10%

Impurities: Maximum of 3%

FFA: Maximum of 2%

Inspection: SGS

We look forward to hearing from you.

Thank you.

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