Chelon Foods

07/02/2025

Chelon Palm Oil
Nation wide distribution
Contact Chelon Palm Oil

04/02/2025

We are always concerned for customers.

Below is a chat between our customer services department and a potential customer.

At ChelonFoods, it's not just about profit. We value our customers.

Contact us: 0814 907 8741

30/01/2025

01/10/2024

We are back.

Hello Everyone!

07/03/2024

Nation wide

10/02/2024

06/11/2023

Many entrepreneurs get caught up in trying to find the "perfect" business idea.

Air BnB was initially a website for renting air beds at other people's houses, it morphed over time to all vacation rentals.

Here is my point;
Your business idea doesn't have to be the best idea to get started. It has to be a good enough initial idea combined with great ex*****on.

Think about it this way - the thing you want to do, is to pick a good starting point for your business idea. If you have a good starting point, even if your initial business idea isn't great, it just needs a tweaking to get a great idea.

We buy and sell palm oil

26/06/2023

Nigerian crude palm oil market faced several challenges. It's important to note that conditions may have changed since then. Here are some of the common challenges:

Lack of Sufficient Infrastructure: Insufficient infrastructure, including transportation, storage facilities, and processing plants, poses a significant challenge to the Nigerian palm oil market. Inadequate infrastructure leads to difficulties in maintaining the quality of palm oil, increases transportation costs, and limits the industry's growth potential.

Low Productivity and Quality: Many Nigerian palm oil plantations suffer from low productivity due to aging trees, poor agricultural practices, and inadequate access to modern farming techniques. Additionally, inconsistent quality standards and inefficient processing methods often result in a lower-quality product, reducing its competitiveness in international markets.

Inconsistent Government Policies: Frequent changes in government policies and regulations can create uncertainty and instability in the palm oil market. Inconsistent policies regarding import/export duties, land rights, and agricultural subsidies can hinder investment, discourage long-term planning, and affect the overall growth of the industry.

Inadequate Access to Finance: Limited access to affordable financing options is a significant challenge for smallholder farmers and palm oil producers in Nigeria. Lack of credit facilities and high-interest rates make it difficult for farmers to invest in modern farming practices, upgrade processing facilities, and expand their operations.

Environmental Concerns: Palm oil production has been associated with deforestation and habitat destruction, which can harm biodiversity and contribute to climate change. Nigeria, like other palm oil-producing countries, faces challenges in adopting sustainable practices, such as protecting forests and implementing environmentally friendly cultivation methods.

Competition from Imported Palm Oil: Nigeria has been a significant importer of palm oil to meet domestic demand. The influx of cheaper imported palm oil, particularly from Southeast Asian countries, poses a challenge to the local industry. The price competitiveness of imported palm oil makes it difficult for local producers to compete and gain market share.

Inadequate Research and Development: Limited investment in research and development (R&D) hinders innovation, technology adoption, and improved farming practices in the Nigerian palm oil sector. Insufficient R&D efforts result in slower progress in developing disease-resistant varieties, optimizing yield, and addressing other challenges faced by the industry.

Efforts are being made to address these challenges and promote the growth of the Nigerian palm oil market. These include government initiatives, collaborations with international organizations, investments in infrastructure development, and promotion of sustainable practices.

13/06/2023

How to Do Basic Business Calculations as a Newbie?

Me: Even the N150 cost of transportation?
Miss Udosen: "Yes! I don’t leave anything out; I get to add everything".

This was the highlight of my conversation with Miss Udosen when I went visiting. Miss Udosen Agness is the founder and CEO of Graciousnut, a food processing company focused on producing healthy, quality, delicious snacks like coated peanuts for human consumption.

Miss Udosen is very detailed in her business calculations. She operates both as the CEO and the accountant of her company. She knows exactly how to calculate her Net income by separating revenue from expenses. It is little wonder why she has remained successful in her business niche.

It takes a lot to build a successful business. Well, that’s because business isn’t just about buying and selling, even though that’s part of it. A successful business is one that has a structure that helps it monitor change, progress, and profit or loss.

To keep your business in tip-top shape, you may need to do some things you dislike, including math. No, you don’t need to memorize a billion formulas or take a calculus class. But you do need to familiarize yourself with essential business formulas or calculations.

Now, to find your net income or earnings, you need to know your total business revenue and expenses (including the cost of goods sold). Add up your company’s costs, like office supplies, operating expenses, payroll costs, and business loan payments.

Then, use this formula: net income = revenue – expenses.

Practical example: Chelon Foods is a palm oil distribution brand. And, this is what we do to know exactly what price per 25kg of palm oil would be good enough to maximize profit and, ultimately, calculate our net income or earning.

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Check the comment section below 👇👇👇

07/06/2023

What's the minimum capital to start a palm oil wholesale trading business?

Palm oil Wholesale trading consists of purchasing and selling palm oil, generally to retailers, professional (industrial or commercial) users or authorities, or to other wholesalers or intermediaries.

Unlike palm oil retail trading, palm oil wholesale trading is relatively capital intensive to startup. The quality and cost of the palm oil, the cost of Jerrycan and, the logistics cost are things one needs to consider carefully before starting up.

I always suggest to intending wholesalers, to start with a minimum of ten (10) Jerrycans. I have my reason but, I won't talk about that now.

So, With that in mind, ten (10) Jerrycan is going to form the basis of our analysis at a cost price of N23,000 on average.

Nb: the minimum capital required to start wholesale trading is largely dependent on the current price of palm oil per a 25kg Jerrycan.

Cost of Ten Jerrycan of oil @ N23,000 = N230,000.

Cost of Empty Jerrycan @ N2,500 (it could differ depending on your location) = N25,000.

Cost of Logistics: this might be hard to analyse due to difference in location, which a determinant to the cost. However, let's assign an arbitrary value of N2,000 per a Jerrycan = N20,000.

Total cost would be = N275,000

Based on the above, the minimum capital required to kick start a palm oil wholesale trading business is N275,000.

If you intend starting with 5 Jerrycans, you're likely to need an amount that is way lesser.

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Still in the business of making this value chain easy and clear to understand.

©Ubah Damian Kossi
Engineer | Entrepreneur | Palm oil Trader