Bring Your Palmwine To European Countries And Earn Dollars
The statement above was the conclusion of a discussion, between, AgricNews Digest Correspondent, and London based exporter. It was a discussion on the values of our local commodities that are attracting uncommon interests globally. Do you realise that the world is focusing on Africa because of her natural goods especially , now that refined products are causing many health crises” said, Mr Gbenga Idowu, owner of African Shop in London.
According to Mr Idowu, Nigerian local palmwine is one of the richest in the world especially, its medicinal values. Do you know our palmwine is rich in yeast and other nutrients” he asked. I am planning to come and invest in palmeine production in nigeria.
Venturing into palm wine production can be a lucrative business, especially considering the growing demand for traditional and cultural beverages globally” he said.
In Nigeria, for instance, some igbo farmers, are of the opinion, that palm wine tapping is more profitable than allowing the palm to produce fruits. The income potential varies by region, with the Northern, Central, and Southern zones generating N1845.54, N1538.40, and N837.60, respectively.
Profitability Breakdown:
- Average profit per unit: N0.60k.
- Regional income variations: Northern (N1845.54), Central (N1538.40), and Southern (N837.60) zones.
Foreign Demand:
- There’s a growing interest in traditional African beverages worldwide.
- Many are trying to avoid sugars in many refined beverages.
- The palm wine trade in Sierra Leone, for example, supports high-income generation for certain groups, including the Limba tribe members and women.
Key Markets to Explore:
- West Africa: Countries like Ghana, Senegal, and Guinea have a strong cultural affinity for palm wine.
- International markets: Cities with large African diaspora communities, such as London, New York, and Paris, may have a niche market for palm wine.
To capitalize on foreign demand, consider partnering with local exporters, researching international market trends, and ensuring compliance with food safety regulations.
Would you like more information on production processes, marketing strategies, or regulatory requirements for palm wine production?
