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Home» Questions»Q 197625
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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

De Mogul
De MogulExpert Mind
Asked: September 20, 20252025-09-20T08:01:55+00:00 2025-09-20T08:01:55+00:00In: Money & Business

What are the disadvantages of storing grains and selling for profit

Many people buy grains like beans , maize, soyabean and store and sell them when the price has increased

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  1. Carpon
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    Carpon Expert Mind Hustler
    2025-09-20T13:40:16+00:00Added an answer on September 20, 2025 at 1:40 pm

    This is not completely a bad business idea but like every other business, this one too has its risks and potential loss and that means you don't go into the business and think that regardless of whatsoever you are going to make profit. Now recently the business has been booming for the last few yearRead more

    This is not completely a bad business idea but like every other business, this one too has its risks and potential loss and that means you don’t go into the business and think that regardless of whatsoever you are going to make profit.
    Now recently the business has been booming for the last few years in Nigeria especially after the closure of the border to the import of foreign food items and so prices of grains went up drastically. But now that the border is open, we saw the opposite and means a loss for people in this storage business

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