Rice has been a staple of the Filipino diet since time immemorial.Thereforesetting up a rice milling business in the Philippines can be a smart move.Do you want to know the steps to setting up a rice milling business in Philippines? As with any other type of grain processing business there are two ways to make this happen.
Starting a rice and palay business can be a self-sufficient business while you are helping farmers sell their crops you are also earning while you distribute them to the proper channels. Before you enter this business you should remember that in this business you should always be fair.
To get you started here a couple of things you need to accomplish before you start your rice retailing business in the Philippines. Rice has many uses for Filipinos. It is used in different ways from cooking rice to making delicacies such as the bibingka or suman. If you are still doubtful that it would be a wise investment think of it this way: there are many grocery stores and restaurants ...
2. Ensure that you have the required equipment and facility to start the rice business in the Philippines. 3. Register your business. 4. Choose a lo ion frequented by your target market. 5. Have enough space to store the sacks of rice. 6. Set aside a regular budget for the rice supply. 7. Partner with a reliable rice supplier or rice mill. 8.
One such rice mill is the LH 5001 model from Korea which can perform the functions of bigger mills that are found in rice processing complexes. The compact rice mill distributed by Fitcorea Trading Philippines headed by Philip Kim can be a profitable investment for individual entrepreneurs or by cooperatives.
I did not put a ton of money in my business but a few kilos worth I built a rice mill in Roxas City Panay Island Philippines 5 years ago. We started out with enough capital to purchase 5 hectares of land and a 50-ton a day rice milling line from China.