Post by Ismail AbdulAzeez on Feb 9, 2011 4:18:07 GMT 1
Ginger: Nigeria is the third largest exporter of ginger in the world after China and India. Most of the dried ginger that are available for international trade are simply sun dried over a few days, but artificial drying is also used in areas lacking a defined dry season to coincide with the harvest. Ginger is produced in six states of the federation namely, Kaduna, Nasarawa, Benue, Nigeria and Gombe with kaduna asd the major producer. The export markets for ginger include the United Kingdom, Germany, Spain, Netherlands, France, United States of America, Russia, Saudi, Arabia among others . The export free on board price of ginger ranges from USD 1,100 to USD1,500/MT depending on the type and form in which the ginger is packaged and also negotiation made with the buyers. The local price of dried split ginger ranges from N140,000 and N170,000/MT sometimes or even more depending on the period during its season. The return on investment is 23.6%.