The food is made from yam tubers and goes through a
tedious process. To achieve the meal the yam tubers are cut, washed, boiled and
pounded in a mortar while little sprinkles of water is added periodically.
The person periodically turns the paste until it
achieves a smooth soft consistency. To reduce the stress associated to this
labor intensive method, food processors have developed the yam flour.
The yam flour is easy to make and simply requires
stirring in boiling water to achieve the consistency. West Africans in the
Diaspora are the primary market for pounded yam flour.
There is huge demand for the product and it attracts
premium price. Investors have keyed into this lucrative market with good
results.
Processing yam flour is labor intensive
however shipping is relatively easy. The products most conform to
standardization tests and certification to avoid rejection and financial loss.
The major advantage is that the demand for local cuisine is high relative to supply.
There is a huge demand for pounded yam flour both local
and international. The food is served on many occasions such as weddings,
traditional marriages, naming and social gatherings.
Most food vendors and restaurants in Nigeria has pounded
yam on the menu. Yam flour is durable and a popular ethnic cuisine in foreign
lands.
How to start a yam flour production company
How to start a yam flour production company
Pounded
Yam Flour Export Markets
There are a few major export markets for the product. The
product is popular where there is a large proliferation of West Africans.
Export markets include United States of America, United
Kingdom, North America and Europe. Other leading destinations are South Africa
Thailand, Dubai, China and India.
- United States of America
- United Kingdom
- North America
- Europe
- South Africa
- Thailand
- Dubai
- China
- India.
Startup Capital for
Pounded Yam Flour Business
The amount of startup capital depends on the size and
scope of your enterprise. You can start small, develop an export market and
slowly increase production.
Startup funds are needed for warehousing, factory,
machinery and labor. You need adequate funds to purchase raw materials and
transport to and from warehouse.
To get funds approach a commercial bank for loans.
Present your business plan, guarantors, references and collateral.
You need to posses some funds to augment the loan.
Acquiring a loan from banks isn’t easy however presenting appropriate
documentation would ease the process.
Register
the Business
Register the business as a limited liability company. To
export yam flour you need appropriate documentation.
The packaging should be labeled with year of manufacture
and expiring date. Subject your product to Food and Drug Administration tests
and standardization. You need insurance cover and tax identification number.
Exporting yam from Nigeria
Exporting yam from Nigeria
Equipment
for Pounded Yam Flour Production
You need grinding equipment, cutting and peeling
equipment. Purchase or lease a heavy duty truck, sealing machines and nylons
bags.
Buy a sealing machine, sieving machine, weight scale and
branded polythene bag. Others are par-boiler, drier, milling machinery and yam
slicer.
- Heavy duty truck
- Sealing machines
- Nylons bags
- Sieving machine
- Weight scale
- Branded polythene bag
- Par-boiler
- Drier
- Milling machinery
- Yam slicer.
Raw
Material Used to Produce Pounded Yam Flour
The only raw material needed in the production of yam
flour is yam tuber. Although there are many types of yam tuber there are some
ideal for pounded yam.
Yam although slightly expensive is commonly farmed and
abundant in Nigeria. It is found in many Nigerian states in lager quantity and
requires truck transportation. To reduce costs considerably source your product
directly from local farmers.
Pounded
Yam Flour Production Process
Processing pounded yam flour is labor intensive and
relatively straight forward. You purchase the yam tuber, then wash and remove
dirt.
Once clean, peel the yam tubers and slice into manageable
pieces. Wash properly and par-boil the sliced yam.
After par-boiling dry properly then mill the granules
before sieving the powder. Make sure the entire process is done under strict
supervision and hygienic conditions.
This is to prevent contaminants that could affect the
quality of your product. Finally package the flour into labeled nylon bags,
seal and weigh.
Secure
Contracts
Visit your export promotional council for list of
potential clients. You need contractual agreements from trusted buyers to
supply the product.
You could find buyers through online resources such as
keyword search or directories. Uses yellow pages or launch a website to attract
international patronage.
Cost and Profit Profile for Pounded Yam Flour 2017
Port of Destination Belgium
Cost price Amount in Naira Total
20 metric tons N190, 000 N3, 800,000
Documentation N40, 000 N40, 000
GIT Insurance/inspection N43, 000 N43, 000
NES Fees N20, 000 N20, 000
Total Cost N3, 903,000
Selling price 1,300 euro 26,000 euro
Exchange rate N280-1 euro N7, 280,000
Profit based on exchange rate N3, 377,000
Port of Destination Belgium
Cost price Amount in Naira Total
20 metric tons N190, 000 N3, 800,000
Documentation N40, 000 N40, 000
GIT Insurance/inspection N43, 000 N43, 000
NES Fees N20, 000 N20, 000
Total Cost N3, 903,000
Selling price 1,300 euro 26,000 euro
Exchange rate N280-1 euro N7, 280,000
Profit based on exchange rate N3, 377,000
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