Friday, July 16, 2010

GINGER EXPORT IN NIGERIA; THE OPPORTUNITIES.

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GINGER EXPORT IN NIGERIA; THE OPPORTUNITIES.

Up until the late 1970's when hydrocarbon was discovered in commercial quantity ,Agriculture remained the mainstay of the Nigerian economy contributing over 90% of the Gross Domestic Product {GDP} as against the less that 10% which it now contributes.

The climatic and soil conditions in Nigeria supports the cultivation and rearing of different crops and animals respectively and ginger is one of the products grown in abundant quantity.
Ginger is an important spice crop widely grown in Nigeria . The botanical name for ginger is Zingiber Officinale {Rhizomes} while the local names for the product in Nigeria include Chitta {Hausa} ,Oso- ala or Oso - Chikwu {Igbo} and Ata'le {Yoruba}.

Nigeria is one of the largest producers of ginger in the world and the product can be found in large quantity in different parts of the country to include Kaduna,Nassarawa,Kano,Sokoto, Bauchi etc.

Ginger in in three {3} forms namely fresh {green} ginger,whole dry ginger and split dry ginger.The fresh ginger refers to the newly harvested ginger with little or no lost in moisture content. This type of ginger is not in hot demand in the international market because of the length of time it takes for the product to dry up and use in production.

Dry whole and dry split ginger are the most sorted after gingers in the international market with whole dry ginger commanding higher price because of the longer time it taes for the product to get dry and ready for sales.

The type of ginger grown in Nigeria is the yellow tye which possesses harsh pungent and very strong odour.

The general specification for dry ginger in th international market is given below

Quality: 1st grade
Thickness: 2-5mm
Moisture Content: Max 12%
Acid Insoluble Ash: Max 1%
Alcohol Soluble Extracts: Max 9%

It should be noted that specification varies from buyer to buyer.

Ginger is used for domestic and industrial purpose.Some of the products from ginger are ginger biscuit,ginger marmalade,ginger ale and more recently ginger sweets and drinks.

The present international price of dry split ginger as at the ime of writting this report is $ 1200/MT FOB and the investor can make between 10% -15 % return on investment.

To continue reading this article and other investment opportunities in Nigeria, please do click on the link below

GINGER EXPORT IN NIGERIA; THE OPPORTUNITIES.


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Can you supply dry whole ginger from Nigeria and you are seeking for export contract? Then use our business process outsourcing service. Contact us with the details given below with the subject line as DRY WHOLE GINGER EXPORT IN NIGERIA: DRY WHOLE GINGER EXPORT CONTRACT.

At Foraminifera Market Research {www.foramfera.com}, we provide bespoke and up to date market research reports for beginners and exporters already in the commodity export market.

Our reports are designed to assist start-ups to understand the legal and financial requirements of starting the business, the market trends vis-a-vis demand and supply, competition, risk identification and mitigation strategies. 

You can order our detailed feasibility report on the export of dry whole ginger in Nigeria by clicking on the link below.

Report Code: FORA/08/2011/036

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