Complete Answers to Questions for Investors that want to Venture into Crayfish Business.

People also ask
Is there profit in crayfish business?
How much is a bag of crayfish in Nigeria?
Is crayfish business a good business?
Which state has the best crayfish in Nigeria?

Is there profit in crayfish business?

Of course there is profit in every business if done well, and crayfish is not an exception. Crayfish business is profitable and can make you a millionaire. It is a very viable and Lucrative business because everybody uses it to cook and it’s a major ingredient in our major meals.

Now let look at this scenario:

For example; if you purchase around 5–10 big bags of crayfish at the cost of N80,000 and sell at N135,000. That’s N55,000 profit, right?

If the cost for transporting the crayfish is N15,000. Therefore, 135,000–15,000 = N120,000.

Let’s say miscellaneous cost is around N10,000, then you will have N110,000 left when miscellaneous cost is subtracted.

If you remove the cost of 1 bag of crayfish N80,000 that you invested in the business, you will have N30,000 as your profit.

Suppose you bought 5 bags, profit = 5x30,000

That is N150,000 on a single trip. This is really a rough estimate. Also the cost of each bag of crayfish might have changed, depending on when you are buying and who you are buying from.

So looking at the above estimate, you will agree with me that crayfish is indeed a profitable business venture.

Also, Another reason why the crayfish business is profitable in Nigeria is because of its high demand overseas. Yes, asides from selling your crayfish to the food market in Nigeria you can make millions exporting your crayfish abroad as long as it meets all the exporting standards.

What is the Present cost of a bag of crayfish in Nigeria?

On the price of crayfish in Nigeria, one full bag on wholesale will cost between ₦80,000 to ₦100,000. The medium size crayfish will go for about N50,000 in the producing areas, but the pricing will change in other areas.

How much is crayfish in Oron now?

Is crayfish business a good business?

Crayfish business is a very viable and Lucrative business because everybody eats it in one way or another.

What is the best crayfish in Nigerian Market

Akwa Ibom (Oron)

Which states has the best crayfish in Nigeria?

The best specie and quality of crayfish is found in the southern Nigeria where about twelve thousand metric tons is produced yearly. Cross River, Akwa ibom (Oron), Rivers and Bayelsa states are major producers of crayfish and the highest consumers of crayfish in Nigeria.

How many kg is a custard bucket of crayfish?

Crayfish (Custard Bucket) or Painter bucket weighs approximately 1kg.

What season is crayfish? When season is crayfish?

Crayfish season can last from November to July, but the most reliable months — and the time you’ll find the best crayfish — are from late February through May.

How many custard buckets are in a bag of crayfish?

Big bag of 26 custards of oron crayfish.
Jumbo size of 30 custards of oron crayfish.
Cap size of 35 custards of oron crayfish.

How do crayfish businesses make money? | Making Profits in Crayfish Business

When you buy your crayfish in bulk and you sell in small quantities you will surely make profits easily. An example is selling your crayfish in bulk and selling to market women.

How do you succeed in crayfish business?

Crayfish packaging. Packaging gives your business more respect and also give you an edge over your competitors. …Also, your Crayfish price should be competitive. …Buy quality crayfish so you don’t struggle to sell it..

How do you preserve fresh Cray fish?

Refrigerate within two hours of cooking. Refrigerate cooked crayfish in covered airtight containers.
To freeze, place crayfish in airtight plastic containers or heavy-duty freezer bags.

How do you store crayfish for a long time? | How To Preserve Crayfish/Best Way To Store

PROCEDURE
Sun dry or oven dry the crayfish very well, until they give a cracking sound when touched/shaken or until they start breaking. …
You then grind them to your desired sizes,
fill them in a plastic container and seal or cork the container very well such that air cannot enter and store them in a refrigerator.

How long can one store crayfish?

This depends on how dry the crayfish is, well dried crayfish can keep for up to six months (or more). Simply keep in an airtight container or cellophane bag and keep in the fridge. Leave the crayfish whole if you intend to keep it for more than 3 months.

What is crayfish powder?

A common ingredient in Nigerian Soups, Crayfish powder is made from dried blended “Crayfish”. Crayfish might sometime be used to reference dried blended prawns. Crayfish is used as seasoning in Nigerian cooking. Crayfish adds a very traditional flavor to whatever it is used to cook.

Can crayfish be exported?

Crayfish is one protein base cooking ingredient that is in high demand abroad. The high demand for crayfish and other foodstuffs has created opportunities for some few exporters who make lots of cash exporting the commodity from Nigeria to the UK and US

What are the health benefits of crayfish?

Below are some of the health benefits of crayfish:
- Weight loss. Crayfish serves as a very good ingredient for weight loss because it contains low fats as well as traces of carbohydrates.
- Strong bone.
- Brain development.
- Smooth skin.
- Prevents depression.

Hope you got value from this post.

Halla me: 07035199394 make we discuss business. My lines are open.

Onuzurike Chukwuagozie | Your partner in success! Cheers