What are the factors that affect the price of ginger?

Several factors such as where the ginger has originated, the quality, the cost of production and transportation, etc determine the price of ginger in the market. Chinese ginger is generally a cheaper counterpart to other products from export markets. The quality of ginger can be affected by various factors such as its production method, the types of ginger roots, fertilizer, pesticides, soil, and weather conditions.

In addition, the winter season is generally the high season for ginger. Export prices increase in the weeks ahead of the Chinese New Year. After that, the business focuses again on exports and prices tend to stabilize. The cost of production is also a big factor in determining the price. On the international market, a tonne of ginger generates between 6,000 and 7,000 dollars. In Nigeria, that price stands at USD 3,500 as a result of the cost of local production. Moreover, the cost of transportation and processing methods (the freezing storage temperature and quality factors associated with color, odor) also contribute to the cost.