Latest Price of Ginger per ton in Nigeria

The price of ginger per ton in Nigeria depends on ginger market price. Nigeria exports ginger to other countries like india, China, UK etc. National ginger association of Nigeria is a body guiding ginger farmers and business in Nigeria. Ginger farming is very profitable in Nigeria. Kaduna state has the highest ginger production in the whole of Nigeria. You can buy dry split ginger and wet ginger in Kaduna. Ginger is cheaper in the northern Nigeria than the southern part.

Where to buy ginger in Nigeria

In Nigeria, ginger can be purchased directly from farmers in the regions where it is grown. Kaduna State is the largest producer of ginger in Nigeria, specifically in areas like Kachia, Zonkwa, Kafanchan which are known for their vast ginger farms. Here, buyers can negotiate directly with farmers for large quantities.

Lastly, you can consider engaging the services of agricultural trade agents or brokers. These professionals have networks of farmers and traders from whom they can source ginger. They can handle the negotiation, purchase, and even transportation of the ginger, providing a hassle-free option for buyers.

Ginger market price today

The price of ginger per ton in Nigeria fluctuates due to various factors such as seasonality, demand, and supply. As of the current market situation, the price of ginger ranges from $3,200 to $3,600 per ton.

Seasonality plays an important role in the price of ginger. During the harvest season, which typically falls between November and April, the price per ton tends to decrease due to the increased supply. Conversely, prices may rise during the off-season when supply is limited.

Also, the quality of ginger also affects its price. High-quality ginger, which is often used for medicinal purposes and in the food and beverage industry, usually fetches a higher price per ton compared to lower quality ginger.

Ginger Export in Nigeria

Ginger is one of the most traded spices in the world and Nigeria is one of the largest producers, contributing significantly to the global supply. The export of ginger from Nigeria has been on a steady increase over the years, driven by the global demand for the spice.

Nigeria’s ginger is highly sought after due to its pungency and high oil content. The country exports both dried and fresh ginger to various parts of the world. The main destinations for Nigeria’s ginger exports are the United States, China, India, and the European Union.

The Nigerian Export Promotion Council (NEPC) is the government agency responsible for the promotion of non-oil exports in Nigeria, including ginger. The NEPC provides support to ginger farmers and exporters through training, capacity building, and access to international markets.

Despite the potential and existing global demand, several challenges hinder the growth of ginger export in Nigeria. These include inadequate storage facilities, poor access to finance, lack of modern farming techniques, and limited processing capacity.

However, the Nigerian government and various stakeholders are making efforts to address these challenges. Initiatives such as the Anchor Borrowers’ Programme by the Central Bank of Nigeria aim to provide farmers with the necessary financial support. In addition, there are efforts to improve storage facilities and promote the use of modern farming techniques.

Furthermore, there is a growing trend towards value addition in the ginger value chain. This involves processing the raw ginger into various forms such as ginger oil, ginger powder, and ginger paste before export. This not only increases the value of the ginger but also creates more job opportunities within the sector.

In conclusion, while there are challenges, the outlook for ginger export in Nigeria is positive. With the right investment and policy support, Nigeria has the potential to significantly increase its share of the global ginger market.

National Ginger Association of Nigeria

The National Ginger Association of Nigeria (NGAN) is a professional body that oversees the cultivation, production, and marketing of ginger in Nigeria. It’s made up of farmers, traders, exporters, and other stakeholders in the ginger value chain.

NGAN plays a vital role in setting standards for the cultivation and processing of ginger to ensure quality and competitiveness in the global market. They provide guidelines and training for farmers on best farming practices, pest control, and post-harvest handling.

The association also serves as a liaison between ginger farmers and the government, advocating for policies that favor the growth and development of the ginger industry in Nigeria. They help in securing agricultural loans, subsidies, and other forms of government support for their members.

NGAN is involved in market research and price regulation. They monitor the local and international ginger market trends to provide their members with up-to-date information. This helps in making informed decisions about production, pricing, and marketing.

Furthermore, the National Ginger Association of Nigeria plays a significant role in promoting Nigerian ginger both locally and internationally. They participate in trade fairs and exhibitions, showcasing the quality of Nigerian ginger and exploring new market opportunities.

Lastly, NGAN is committed to sustainable farming practices. They encourage their members to adopt environmentally friendly farming methods that not only increase yield but also preserve the soil and environment.

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How Profitable is Ginger Farming in Nigeria

Ginger farming in Nigeria is considered highly profitable due to several factors. Firstly, the country’s tropical climate is ideal for ginger cultivation, allowing for high yield rates. This is coupled with the fact that Nigeria is the third largest exporter of ginger in the world, indicating a strong domestic and international demand for the crop.

Ginger farming is also less capital intensive compared to other agricultural ventures. The cost of cultivation, including land preparation, planting, and maintenance, is relatively low. This makes it an attractive option for small-scale farmers and those with limited resources.

Furthermore, ginger has a wide range of uses, from culinary to medicinal, which further drives its demand. It’s used in the food industry as a spice and flavoring agent, in the pharmaceutical industry for its health benefits, and in the cosmetic industry for its skin benefits. This versatility increases the potential for profitability.

However, profitability is not without its challenges. Ginger farming requires proper knowledge and techniques to ensure a healthy yield. Pests, diseases, and unpredictable weather conditions can affect the crop yield and quality. Additionally, fluctuations in market prices can impact profitability.

Despite these challenges, with proper management and market strategies, ginger farming can yield significant profits. For instance, value addition through processing ginger into products like ginger oil, ginger powder, etc., can fetch higher prices. Also, adopting organic farming practices can attract premium prices in the market.

Lastly, the Nigerian government has been promoting agricultural activities, including ginger farming, through various initiatives and subsidies. This support can help reduce the cost of production and increase profitability for farmers. In conclusion, while ginger farming in Nigeria has its challenges, its profitability potential is high due to the favorable climate, strong demand, and supportive government policies.

Price of ginger per ton in Nigeria today

As of the most recent data, the cost of ginger per ton in Nigeria today July 2, 2024 ranges from 4,500,000 to 5,000,000 Nigerian Naira per ton, which is equivalent to approximately $3,314 to $3,571 USD.