29/04/2022
GOOD NIGHT EVERYONE. SPECIAL THANKS TO THE STEERING COMMITTEES FOR NOMAD VANILLA PROJECT LAUNCHING. SO FAR, SO GOOD. THANKS FOR YOUR EFFORT TO MAKE THE PROJECT LAUNCHING SUCCESSFUL. SPECIAL THANK TO THE FINANCIERS , FIRSTLY FRPG AND PROVINCIAL ADMINISTRATION, MIDDLE FLY DISTRICT ADMINISTRATION AND MFD DAL OFFICE AND NOMAD LLG. DURING THE PROJECT LAUNCHING , WE OFFICIALLY LAUNCHED FOUR(4) KEY ECONOMICAL AREAS OF THE PROJECT. 1. NOMAD VANILLA PROJECT COMPRISED OF SEVEN(7) FARMERS COOPERATIVE, 2. VANILLA PROCESSING PLANT, 3. PROJECT OWNERSHIP/SHAREHOLDINGS, 4. FOUR( 4) VANILLA EXPORT MARKETS ABROAD. WE HAVE VERBALLY ANNOUNCED OWNERSHIP AND PROPOSED SHAREHOLDERS FOR NOMAD VANILLA PROJECT.1. 7X COOPERATIVES 60%, 2. ESTATE 10%, 3.FRPG 10%, 4. NOMAD LLG 10%. THE OWNERSHIP HAVE BEEN DISTRIBUTED TO STAKEHOLDERS RESPECTIVELY. FOR OUR FARMERS INFORMATION, PROJECT IS DEALING WITH DIRECT TRADE TO THE MARKETS ABROAD TO OUR 4 X ESTABLISHED EXPORT MARKETS. SO FAR ON RECORDS, WE HAVE BEEN RECOGNIZED TO DO DIRECT EXPORTS WITHOUT INTERMEDIATES. THEREFORE, OUR FARMERS WILL GET THE REAL VALUE OF THEIR HARDWORK AND AT SAME TIME GLOBAL MARKETS DEALING WITH LOCAL BASE PRODUCE THROUGH STRICT M.O.U. AND ADDING VALUE TO THE LOCAL ECONOMY. IN CONSULTATION AND CONSIDERATION OF ADVICE FROM GLOBAL MARKETS. WE ARE SETTING OUR LOCAL BUYING PRICE AS FOLLOWS (FOR BOTH PLAINFOLIA AND TAHITIANS VANILLA BEANS), 1. A GRADE K270.00 PER KG, B GRADE K200.00 PER KG, C GRADE K160.00 PER KG AND REJECT GRADE K60.00 PER KG. BEFORE, COVID 19 DISEASE CAME IN FROM 2016-2019 , THE PRICE WAS AT THE PEAK RATE. HOWEVER, DUE COVID 19 DISEASE THE VANILLA PRICE DECLINED FURTHER DOWN FROM LATE 2019-2021. BUT BY 2022, THE VANILLA PRICE IS PICKING UP AGAIN. THE PRICE OF VANILLA BEANS WILL FLUCTUATE, IN RESPONSE TO GLOBAL PRICE AND IT WILL REFLECT ON OUR LOCAL BUYING PRICE. TO ALL OUR FARMERS IN NOMAD LLG, WE WILL KEEP YOU INFORM OF ANY LATEST UPDATES.THAN YOU TO ALL , TO THE STAKEHOLDERS FOR THE CONTINUOS SUPPORT FROM NOTHING TO SOMETHING. GOD BLESS EVERYONE.