Cured whole gbanja kola nut from Ondo State, Nigeria
SIP buys and sells cured whole gbanja kola nut, out of Ondo State, Nigeria. Sell it to us or buy it from us, and fix the price forward. Physical cargo, prompt to long dated. Every other kola grade and delivery point sits on the kola sheet.
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Specification
One grade at one delivery point. Grades, origins and windows outside this line are priced on request.
| SIP ID | MEDH-KOLA-GBANJA-NG-ON |
|---|---|
| Symbol | KOLA.GBANJA.NG-ON |
| Class | Medicinal & Botanical Herbs |
| Commodity | Kola ↗ |
| Grade | Cured whole gbanja kola nut |
| Grade definition | Cured whole gbanja kola nut (Cola nitida) |
| Delivery point | Ondo State, Nigeria |
| Country | Nigeria |
| Subdivision | Ondo State |
| Quote basis | USD per kg |
| Market | Buys and sells, quoted on request |
Forward, floor, cap, fixed-price and storage structures are quoted on request. Tell us the side, the quantity and the timing.
The grade
Cured whole gbanja kola nut (Cola nitida), Ondo State, Nigeria, sun-dried and stored cotyledons sold whole for chewing, extract feedstock and nutraceutical use, graded on cotyledon size/count, moisture and defect/mould screen since no codified international grade exists.
Sun-cured, hand-sorted whole Cola nitida cotyledon, the internationally traded caffeine-bearing kola variety, graded on cotyledon size and count per unit weight, colour uniformity, moisture, and absence of mould, insect damage or shrivelled/split nuts. Quality assessment in the Nigerian kola trade runs on trader-buyer mutual inspection rather than a published national standard, which is the grading gap this entry documents.
Run the numbers
Work out the cost before you ask us for a price. Each tool opens set up for kola.
Which side are you on
We stand on both. One counterparty, one price, either direction.
| Selling | If you grow, produce or export cured whole gbanja kola nut, we are the buyer. Tell us the volume and the window and we bid it, prompt or forward, so the price is fixed before the crop moves. We price against the May to Dec harvest and ahead of it. |
|---|---|
| Buying | If you buy, process or manufacture with cured whole gbanja kola nut, we are the seller. Give us the tonnage and the delivery window and we offer it, with the price locked for as long as your book needs. |
Send the side, the quantity and the delivery window. We come back with a price.
Price guarantee on cured whole gbanja kola nut
If a move in the cured whole gbanja kola nut price would hurt you, fix the price now. We agree it today for the months you name, and it holds whatever the market does in between.
| Buying | You use or resell cured whole gbanja kola nut and need to know your cost. We fix your purchase price for the quantity and months you name. |
|---|---|
| Selling | You grow, produce or hold cured whole gbanja kola nut and need to know your revenue. We fix your sale price ahead of production or shipment. |
| Settlement | Against delivery of the cured whole gbanja kola nut. |
A price is fixed only once a trader confirms it in writing. Ask the desk for a fixed price.
Caps and floors on cured whole gbanja kola nut
A fixed price binds buyer and seller. A cap or a floor is a guaranteed price on one side only. You pay a fee up front for it, and it is a right, not an obligation: you use it only if the market moves against you.
| Cap | For buyers. A guaranteed maximum price for cured whole gbanja kola nut. If the market is above the cap when you buy, you pay the cap. If it is below, you buy at the market price and let the cap lapse. |
|---|---|
| Floor | For sellers. A guaranteed minimum price for cured whole gbanja kola nut. If the market is below the floor when you sell, you receive the floor. If it is above, you sell at the market price and let the floor lapse. |
| Fee | Agreed and paid up front. It is the whole cost of the cap or floor, and it is not refunded if the cap or floor goes unused. |
A cap or a floor is in place only once a trader confirms it in writing. Ask the desk for a cap or a floor.
Shipment window
Cola nitida in Nigeria produces a main crop and a lighter secondary crop each year.
| Harvest | May to Dec |
|---|
Main crop concentrated October to December; a lighter secondary crop occurs May to June.
Windows outside this are priced on request. Tell us when you need it and we will work back from the date.
What we quote, and how far out
We buy and sell spot cash prompt out to three months, physical delivered prompt out to six months and forward from three months to twelve months. We price floors and caps, fixed-price deals and storage and rental against a stated side, quantity and window, and anything past the dates above the same way. There is no cap on the dates we will look at.
A quote is firm only when a trader confirms it in writing against your side, quantity and delivery window.
Contract terms
Quantity, grade tolerance, delivery point, and delivery window are agreed in the trade confirmation and prevail over anything published here. Quality is established at loading by an independent inspection agency nominated by SIP and acceptable to the counterparty, unless another basis is agreed in writing. Documentation, certificates of origin, and any phytosanitary, food safety, or conformity certificates are supplied as available for the grade and origin. The counterparty is responsible for import permits, duties, tariffs, and regulatory clearance at destination, and for confirming that the grade is admissible there. Title and risk pass at the agreed delivery point on the agreed Incoterm. Payment terms are agreed per trade. SIP may require a deposit, a letter of credit, or documents against payment. All trades are subject to SIP standard terms and conditions. Disputes are governed by the laws of Alberta, Canada, and resolved by binding arbitration in Calgary, Alberta.
Bids, offers and Buy or Sell requests on this page are non-binding engagements of price under the SIP standard trading terms. A trade exists only once SIP confirms it in writing.
Where it comes from
This line sits in Ondo State (including Idanre and Ijare growing areas), Nigeria. We hold Nigeria as origin, smallholder production for kola, and quote against it on a stated side, quantity and delivery window.
| Country | Nigeria |
|---|---|
| Producing regions | Ondo State (including Idanre and Ijare growing areas) |
| We trade it as | origin, smallholder production |
Nigeria is the leading world producer of kola nut, cited at roughly 70 percent of world output by the Integrated Kolanut Producers, Marketers and Exporters Association of Nigeria (IKPMEAN). Cola nitida is cultivated across Nigeria's southwestern and south-central forest belt, including Ondo, Oyo, Osun, Ogun, Kwara and Kogi states, with Cote d'Ivoire and Ghana as the other major West African producers.
Common questions
Can I lock in a price for cured whole gbanja kola nut in Ondo State, Nigeria?
Yes. SIP buys and sells on request, prompt to long dated. We price ahead of the May to Dec harvest as readily as against it. Send your side, the quantity and the delivery window and a trader comes back with a price. A quote is firm only when it is confirmed in writing.
Who buys cured whole gbanja kola nut from Ondo State, Nigeria?
We do. SIP Global buys and sells in this market, so producers and exporters sell to us and buyers, processors and manufacturers buy from us. There is no listing, no auction and no chain of intermediaries in between.
How do I sell cured whole gbanja kola nut forward?
Tell us the grade, the volume and the months you want covered. We bid it as a physical cargo, prompt or long dated, and settle against the delivery you name. Structures beyond a flat forward are quoted the same way.
What is cured whole gbanja kola nut?
Sun-cured, hand-sorted whole Cola nitida cotyledon, the internationally traded caffeine-bearing kola variety, graded on cotyledon size and count per unit weight, colour uniformity, moisture, and absence of mould, insect damage or shrivelled/split nuts. Quality assessment in the Nigerian kola trade runs on trader-buyer mutual inspection rather than a published national standard, which is the grading gap this entry documents.
What grade does SIP quote on this line?
Cured whole gbanja kola nut (Cola nitida). One grade at one delivery point. Other grades and origins for kola are separate markets and are priced on request.
What is cured whole gbanja kola nut quoted in?
USD per kg, unless you need another basis. Terms, incoterm and delivery point are set against your side and window.
What is the minimum volume?
There is no published minimum. We look at what you have or what you need, and tell you straight whether we can price it.
SIP buys and sells this grade on request. Levels are firm only when confirmed in writing by a trader against a stated side, quantity, and delivery window. All trades are subject to SIP standard terms and conditions at https://sipglobally.com/legal/trading-terms/.