How to start Ginger export business in Nigeria
Ginger export – To many, this may be coming as a surprise to hear one can export ginger abroad, however there’s ability and possibility in every business you can ever think of.
If by any means exporting or selling agro products abroad appeals to you, I feel so safe to say “you’ve come to right place,” here with you is a web page that will arm you with every necessary detail to succeed in your export business.
Basic definition of ginger
Ginger is a flowering plant whose rhizome, ginger root or ginger, is widely used as spice and a folk medicine. It is a herbaceous perennial which grows annual pseudostems or a false stem made up of rolled bases of leaves – Wikipedia.
Key notes, uses and health benefits of ginger
- Ginger contains Gingerol, a substance with powerful medicinal properties. Ginger has a very good history of uses in various forms of traditional and alternative medicine. It has been used in aiding digestion, reducing nausea and help fight the flu and common cold. Ginger is a very common ingredient in recipes.
- Ginger can treat nausea, particularly morning sickness
- Ginger reduces muscle pain and soreness
- Ginger lowers blood sugar
- It helps treat chronic indigestion
- Its powder reduces menstrual pain in women
- It lowers cholesterol level
- It contains a substance that may help prevent cancer (Healthline)
Countries that import ginger
The supply of ginger is on high demand in a number of European countries, these are countries where you find the major markets, they include but not limited to;
- United Kingdom
- France etc
Types of ginger
Ginger comes in different types and specification which include;
- Sun-dried split gingAffairs er
- Fresh ginger
- Ginger powder
This is supplied according to buyer specification.
Procedure for starting ginger export business
Going into this business does not involve a herculean task, you however need to follow certain steps religiously to ensure the success of this business.
To get started, you will have to register your business with the Corporate Affairs Commission (CAC), as a Limited Liability Company.
Having done this, go ahead and register with the Nigerian Export Promotion Council
Source farms/local suppliers
Having registered your business, it becomes necessary to factor where your goods will be coming from.
You may have to travel or consider buying from any of the below states;
You can reach the local farmers in these states by partnering with the local agents or sellers, who then ensures you get supply at even a profitable rate.
Create a business outlet and source for buyers
You are into this business to sell to the world, having known this you should make your business accessible to the world.
How do you achieve this, kindly create a website for your business, this will give you more exposure that you seek for.
Update your website with relevant information that tells buyers your ability to undertake and execute a business.
Having done this, always check your email address and other contacts for possible enquiry.
In the light of this, registering on this platforms with the link below is a great idea
Create a presence and scout for prospective clients.
Also endeavor to attend trade fares and business exhibitions, it will further expose you to buyers.
You can equally get first-hand information about foreign buyers by relating with other local exporters who work with foreign agents and companies.
Compliance with legal requirements
It has been the practice to ensure exportable products meet and conform with legal requirements, it’s not different with ginger export either.
These requirements include but not limited to;
- Ensure your ginger does not exceed maximum residue level of pesticides
- Ensure it does not contain microbial contaminants like salmonella
- Meet food safety and hygiene requirements, otherwise will not be approved for export
- Ensure mycotoxins contamination does not exceed the specified limit.
- It should not be adulterated in any form.
Ginger should be packaged in jute sacks 35 – 60+kg for dried ginger, and 12.5 kg– 25kg for slices or powdered ginger.
Receive payment and export
Having completed agreement process with your buyer.
There are safest ways to receive payment from foreign buyers, if you cannot receive payment then you’ve got no business exporting ginger in the first instance.
Cash in advance or wire transfer via bank account
This is an arrangement where your payment for goods is collected ahead of exportation, it’s done through bank wire transfer.
Credit sales/Letter of credit
In this arrangement, the buyer obtains credit from his bank, which authorizes that his bank should pay the supplier on his behalf, usually via the seller’s bank.
The supplier gets paid once the buyer confirms receipt of goods in his home country, documents can then be released for onward clearing.
Document against payment/Draft documentary
Here the seller receives payment through the bank, the goods are usually shipped via bill of lading through his bank, the bank then forwards same to the buyer’s bank.
Ginger export business is a lucrative one, we export agro products and hardwood charcoal to any country.
We meet buyer specification in line with industry best practice, destination has never been a barrier with us.
Call in for your enquiry let’s commence delivery to your preferred country today.