Price of cassava per ton in Nigeria and margin of garri production

For prospective investors entering garri production business, it's crucial to understand the current price of cassava per ton in Nigeria and the profit margins in garri production. This information is essential for evaluating the potential profitability of garri processing industry and making incisive decisions.

In Nigeria, the price of cassava per ton varies significantly based on location, quality, and prevailing market conditions. Typically, prices range from 50,000 to 80,000 Nigerian Naira (NGN) per ton. However, these figures are approximate and subject to fluctuations due to factors like supply and demand, seasonal changes, and regional differences. To get the most accurate pricing, it is advisable to consult local markets or agricultural reports for up-to-date information.

Raw cassava tubers in nigeria

Cassava is a crucial crop in Nigeria, serving as the primary raw material for the production of garri, a popular staple food. The process of converting cassava into garri involves several steps: peeling, grating, fermenting, pressing, and frying. Each step incurs costs, and the total expenses can affect the overall profitability of garri production.

Garri processing steps and machines

The profit margin in garri production is influenced by multiple factors:

Cost of Raw Cassava: The price of cassava directly impacts the cost of producing garri. With fluctuating prices, producers need to keep track of current rates to manage their costs effectively.

Processing Costs: This includes expenses related to labor, fuel, and maintenance of processing equipment. Efficient use of resources and effective management of these costs can significantly impact profitability.

Henan Jinrui's garri frying machine

Packaging and Transportation: After processing, garri needs to be packaged and transported to market. Costs in this area include packaging materials, transportation fees, and handling expenses. These costs are crucial in determining the final price of garri and, consequently, the profit margin.

Selling Price of Garri: The final price at which garri is sold is influenced by market demand and competition. Producers need to monitor market trends to set competitive prices that cover costs and provide a reasonable profit margin.

Assuming that the cost of producing one ton of garri, which includes the cost of raw cassava and processing expenses, ranges from 30,000 to 40,000 NGN, the selling price of garri can vary widely. A typical selling price might be between 100,000 and 120,000 NGN per ton. Based on these figures, the potential profit margin could range from 60,000 to 80,000 NGN per ton. However, these figures are indicative and should be adjusted based on actual costs and market conditions.

In summary, the price of cassava per ton in Nigeria varies along with the market, and the profitability of garri production in Nigeria is affected by various elements, including the cost of raw cassava, processing expenses, packaging and transportation costs, and the selling price of the final product. To maximize profits, producers need to stay informed about current market conditions and manage your costs efficiently. Boasting a branch office in Lagos, Nigeria, Henan Jinrui can provide up-to-date information for optimizing garri production and achieving favorable profit margins. If you need, just contact us!