Current Price Of Palm Oil In Lagos: Palm oil is a vital ingredient in Nigerian cuisine, cherished for its distinct flavor and versatility. Whether you’re cooking at home or running a business, knowing the current prices is essential.
In this article, we will explore everything you need to know about the price of palm oil in Lagos, including various quantities, where to buy, and why Humphrey Farms should be your top choice.
Why Choose Humphrey Farms?
Before diving into the specifics of pricing, let’s discuss what makes Humphrey Farms the best place to purchase your palm oil.
Quality Assurance
At Humphrey Farms, we take pride in the quality of our palm oil. We source our oil from reputable producers, ensuring that you receive a product that is pure, fresh, and rich in nutrients. Quality matters, and we are committed to delivering only the best to our customers.
Affordable Pricing
We understand that pricing is crucial for both individual consumers and businesses. At Humphrey Farms, we strive to keep our prices competitive, offering great value for your money. Whether you’re buying for personal use or bulk for your business, we have options that cater to every need.
Flexible Purchase Options
Whether you need a small quantity for home cooking or large volumes for your restaurant, we offer flexible purchasing options. This way, you can get exactly what you need without any hassle.
Excellent Customer Service
Our team is dedicated to providing exceptional service. From your first inquiry to the completion of your purchase, we’re here to help you every step of the way.
Contact Us
For inquiries or to place an order, don’t hesitate to reach out:
- Phone/WhatsApp: +2348033122746, +23408137975211
- Location: 15 Alebiowu St, AFROMEDIA, Lagos 102101
How Much is 25 Litres of Palm Oil in Lagos?
As of 2024, the price of 25 litres of palm oil in Lagos can range from ₦38,000 to ₦42,500. The variation often depends on the supplier and whether the oil is packaged in a drum or without a gallon.
Pricing at Humphrey Farms
At Humphrey Farms, we offer:
- 25 Litres (without Gallon): Approximately ₦38,000
- 25 Litres (with Gallon): Around ₦42,500
This competitive pricing makes it easier for you to purchase in bulk without sacrificing quality.
What is the Weight of 25 Litres of Palm Oil?
Understanding the weight of palm oil is essential for storage and transportation. Typically, 25 litres of palm oil weighs about 25 kilograms.
Why Weight Matters
- Shipping Costs: Knowing the weight can help you estimate shipping fees if you’re buying in bulk.
- Storage Needs: It’s important to ensure you have enough space to store heavier items like palm oil.
- Cooking Measurements: Understanding the weight helps in recipes that require specific amounts.
What is the Price of Palm Oil Now?
As of today, the market price for palm oil in Lagos generally falls between ₦2,000 and ₦2,500 per litre. This fluctuation is influenced by supply, demand, and market trends.
Summary of Prices
- 1 Litre: Approximately ₦2,000 to ₦2,500
- 5 Litres: About ₦10,000
- 25 Litres: Ranges from ₦38,000 to ₦42,500
These prices reflect current market conditions, making it easier for you to budget for your purchases.
How Much is One Litre of Palm Oil in Nigeria?
If you’re looking for smaller quantities, one litre of palm oil typically costs around ₦2,000 to ₦2,500.
Purchasing from Humphrey Farms
At Humphrey Farms, you can expect to pay approximately ₦2,000 for 1 litre of palm oil. This pricing ensures that even if you don’t need large quantities, you can still afford high-quality oil.
How Much is a Drum of Palm Oil?
When discussing larger quantities, a drum of palm oil usually refers to a 200-litre drum, which can be more economical for businesses. The price for a 200-litre drum can vary widely, often starting from around ₦150,000 to ₦200,000 depending on market conditions and quality.
Pricing Overview
- 25 Litres: ₦38,000 to ₦42,500
- 200 Litres (Drum): ₦150,000 to ₦200,000
This pricing structure makes buying in bulk a viable option for those who require larger supplies.
How Profitable is Selling Palm Oil?
Selling palm oil can be quite profitable, especially in a country like Nigeria, where it is a staple ingredient. Here are some factors that contribute to its profitability:
High Demand
Palm oil is used in a wide range of products, from cooking oil to cosmetics and biofuels, creating a consistent demand.
Low Entry Barriers
Starting a palm oil business doesn’t require significant upfront investment compared to other ventures. You can start small and scale as demand grows.
Bulk Sales
Buying in bulk at a lower price and selling at retail can yield substantial profit margins. For instance, purchasing 25 litres at ₦38,000 and selling individual litres at ₦2,000 can lead to significant gains.
Key Strategies for Success
- Identify Target Markets: Focus on local markets, restaurants, and grocery stores.
- Effective Marketing: Utilize social media and community advertising to reach potential customers.
- Quality Control: Ensure that your palm oil meets quality standards to build a loyal customer base.
Which State Has the Best Palm Oil in Nigeria?
Nigeria is home to several regions known for their palm oil production, but Akwa Ibom and Cross River states are often regarded as the best. These states have favorable climates and soil conditions that contribute to high-quality palm oil.
Characteristics of Quality Palm Oil
- Rich Color: Good palm oil should have a deep reddish-orange color.
- Aroma: A fresh, pleasant aroma indicates quality.
- Texture: It should be smooth and free from impurities.
By sourcing your palm oil from reputable suppliers in these regions or purchasing from trusted distributors like Humphrey Farms, you can ensure that you’re getting the best quality available.
How Much is in a Drum of Oil?
When referring to a drum of oil, it typically contains 200 litres. This larger quantity is common for businesses and wholesalers.
Conversion Insights
- 1 Drum = 200 Litres
- Weight: A full 200-litre drum of palm oil weighs approximately 200 kilograms.
Understanding the quantity in a drum helps businesses plan their inventory and manage logistics effectively.
Conclusion
The current price of palm oil in Lagos is influenced by various factors, but with prices for 25 litres ranging from ₦38,000 to ₦42,500, it’s essential to know where to buy.
Humphrey Farms offers not only competitive prices but also a commitment to quality and customer satisfaction. Whether you’re purchasing for personal use or running a business, we have the right options for you.
Contact Us Today!
If you have questions or wish to place an order, reach out to us:
- Phone/WhatsApp: +2348033122746, +23408137975211
- Location: 15 Alebiowu St, AFROMEDIA, Lagos 102101
Don’t miss out on the opportunity to buy quality palm oil at affordable prices. Choose Humphrey Farms as your trusted supplier today!
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