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[Medowriter]

Most food stuff have their season of harvest and in such season it is usually surplus such that supply is usually more than demand and this makes the price to fall and people with money buy and hoard them till when the price increases and they make profit. Have you heard of this business? Do you do it and how profitable is it?

 

[Lovely]

I think this is prevalent in my country,not just foodstuff even petroleum products are hoarded and then brought out during scarcity to sell in a very high price which leaves the masses miserable and helpless.These kind of business is the root cause of scarcity.

 

[Keibah]

This is the deal on my country as well. Black marketers practice this a lot. They buy cheaply during harvest and sell almost three time later. So sad.

 

[anorona]

We make purple yam. During september-december, we can get it at a very low price which is less than 50% than the usual price. We get as much as we
can to save and get the most profit from it. If a food can be stock for so long, then the best is to take advantage and get stock once the price is very low.

 

[overcast]

I think there is definitely demand for the apple cider vinegar if you can have. There seems to be a lot of demand among the health conscious people for the ACV. And you may just have to learn the process once these days this process can be automated as well. So this can be a good option for those who are into food manufacturing.

 

[Brain]

This should be everywhere people just like to hoard products so that can make double profit out of season. I have experienced it too. I think it still a good market strategy though buyers pay more.

 

[overcast]

I think food market being classified under fresh and the frozen or stored food. You can sell the stored and frozen food all year along. But it can be pretty difficult to sell the fresh product. Because there are always times when the fresh food get issues and it is harder to store unless processed. So there is money if you know how to spend it the right way in this niche.

 

[Keibah]

It is good business here but others shy away from it as they say that this is cheating. It means taking worth more for what you spent less. They believe there should be an honest balance between cost of production and products. It further drives the poor to be poorer.

Personally, I'm not sure what to make of it. I can understand that it's a business strategy and I can also understand the plight of the masses.

 

[Niftyicon]

One of the easiest food to store or hoard as you put it in my part of the world is Oilpalm. You will be surprised at how much profit it yields when it becomes a little scarce. The beauty of it is that it hardly spoils and all the space you need for storage could be just a little room in your living space.

 

[Rollerkid]

Hoarding foodstuffs business is a very popular and profitable business in my country that many people undertake for a living. It is most profitable when one can preserve those foodstuffs until such a time when there is a complete shortage of the product in the market.

 

[a_jerobon]

Most food stuff have their season of harvest and in such season it is usually surplus such that supply is usually more than demand and this makes the price to fall and people with money buy and hoard them till when the price increases and they make profit. Have you heard of this business? Do you do it and how profitable is it?

I have seen people do this business in my country and it is truly a profitable business. You just buy the food when it is plenty and at a low price. Then you store it until those seasons when the food is scarce. You will earn so much profit from this.

 

[Rollerkid]

I have seen people do this business in my country and it is truly a profitable business. You just buy the food when it is plenty and at a low price. Then you store it until those seasons when the food is scarce. You will earn so much profit from this.

This business is really profitable as you just suggested. And if you take a critical look at the business, is just like investing your resources into the future of the product you think maybe scared in the future .

 

[Niftyicon]

This business is really profitable as you just suggested. And if you take a critical look at the business, is just like investing your resources into the future of the product you think maybe scared in the future .

I agree and I have even see numerous people make so much money doing such business, but a risk to consider is the possibility of many hoarders flooding the market in the scarcity period thereby defeating the purpose of hoarding in the first place. Another is what if the commodity for some reason remains surplus even at the supposed time of scarcity?

 

[Wisdom01]

I think this method isn't good because most times those food might expire incase the person start waiting for the price to increase ,then he or she might make loss at the end

 

[ELSA-ELI]

That is rather very enlightening and could be a prospectus idea that can turn lucrative.Just want to ask wether those with experience have dealt more with local foods that are dried (non perishable) or fresh and perishable.Hoping you could share your experience.For my country Zambia scores of people are starting to have an insatiable appetite for yam in its raw state and if i could import it conveniently I would be smilling all the way to the bank....?

 

[Rollerkid]

I agree and I have even see numerous people make so much money doing such business, but a risk to consider is the possibility of many hoarders flooding the market in the scarcity period thereby defeating the purpose of hoarding in the first place. Another is what if the commodity for some reason remains surplus even at the supposed time of scarcity?

Yeah, l also agree with all the disadvantages you just outlined above. But as you already know, there is no profitable business that may be hundred percent risk free and those disadvantages have to also occur.

 

[SCAMEXPOSER]

I agree and I have even see numerous people make so much money doing such business, but a risk to consider is the possibility of many hoarders flooding the market in the scarcity period thereby defeating the purpose of hoarding in the first place. Another is what if the commodity for some reason remains surplus even at the supposed time of scarcity?

These are possible eventualities but they happen once in a very long time , there are some commodities that must appreciate because of their consumption rate.

 

[Niftyicon]

Yeah, l also agree with all the disadvantages you just outlined above. But as you already know, there is no profitable business that may be hundred percent risk free and those disadvantages have to also occur.

I agree and it is just important to have the knowledge of the possible things that could go wrong so as to be able to face such if they ever happen.

 

[Niftyicon]

These are possible eventualities but they happen once in a very long time , there are some commodities that must appreciate because of their consumption rate.

I know that the probability of such happening is quite low, but that doe not eradicate the possibility. Better to be aware and prepared in case.

 

[George10640]

I think the best thing is adding value to your business. Instead of waiting to get a favourable market,the best thing is just improving on what you do.An example is by making juices from the fruits you have.People will be facing a lot of competition waiting for a good market but I think the market will be easier for juices.You can source it from different supermarkets and the good thing with juices can last longer compared to raw fruits.