GINGER: Nigeria is the third largest exporter of ginger in the world after China and India. Most of the ginger that are available for international trade are simply sun-dried over a few days, but artificial drying is also used in the area lacking a defined dry season to coincide with the harvest.
Ginger is produced in six states of the federation namely, Kaduna, Nassarawa, Benue, Niger and Gombe with Kaduna as the major producer. The export markets for ginger includes the United Kingdom, Germany, Spain, Netherland, France, United State of America, Russia, Saudi Arabia among others. The export free on board price of ginger ranges from $1,100 to $1,500/MT depending on the type and form in which the ginger is packaged and also the negotiation made with the buyers.
The local price of dried split ginger ranges from #140,000 and #170,000/MT sometimes or even more depending on the period during its season.
The return on investment is 53.6%. -As at today —————
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