Reasons Ginger Import is a Highly Lucrative Business

Ginger is a tropical plant that originated from Southeast Asia. Belonging to the family, Zingiberaceae, the root of this plant is the edible part.

It is usually propagated with the ginger seed, called a rhizome and it takes about 8 – 10 months to fully mature. Ginger packs a lot of heat due to the high amount of gingerols and shogaol present in it.

These give it its unique spiciness and distinct aroma which is one of the many reasons people love to cook with ginger. In addition to its use as a spice, ginger is used for the health benefits it delivers. Ginger oil is also used as a potent essential oil in aromatherapy and wellness.

Ginger Export and Import

India is the largest producer of ginger in the world. The warm climate in the southwestern and northeastern parts of the country are the most suitable for the growth of the plant. China is, however, the highest exporter of ginger churning out an average of 390 thousand tonnes annually. Other countries that export ginger include India, Nigeria, and Indonesia.

These countries export majorly to the United States of America, which is the world’s largest importer of ginger and countries in Europe. Ginger is exported as either fresh ginger, ground or dry ginger. The ground or dry ginger is less perishable so it is often the most preferred import form.

Over the past couple of years, ginger consumption all over the world has risen exponentially. This has reflected as an increase in the market price of ginger as well as a rise the amount exported.

In 2018 alone, approximately 3.3M tonnes of ginger were produced worldwide with about 564 thousand tonnes exported to other countries. As consumption of ginger has only been forecasted to grow within the coming years, ginger import stands as a highly lucrative business for so many reasons.

A lucrative business is one that fetches a lot of profit. For a business to fetch a lot of profit, one of the important factors is the market for it must be large enough. Certain trends have caused the market for ginger to grow in the past years.

Ginger is Healthy

The first is the fact that ginger is considered a healthy food ingredient. There is a new craze for healthy foods in the market right now as so many people are being conscious about what they eat. Sugar, salt and other toxic food additives are being cancelled by consumers due to the havoc they wreak on the body. Instead of consuming these, consumers are increasingly substituting them with healthy replacements like ginger.

Ginger is heavily marketed as a food that is beneficial to health. Research has shown it to relieve symptoms of cold and flu which is the reason for increased consumption in colder seasons.

Ginger also helps with stomach problems, combats the effects of stress in the body and improves heart health. Pharmaceutical companies, as well as beverage companies, have hopped on the ginger trend. Ginger is now being used in the production of other consumables in the form of supplements, teas and snacks.

Increase in the popularity of ethnic foods especially Asian cuisines

Another trend causing this market boom is the increase in the popularity of ethnic foods, especially Asian cuisines. Ginger originated from Asia and has been a staple in their kitchen for ages. Most of their foods have ginger incorporated in it one way or the other.

As consumers are becoming more adventurous in the types of food they eat, Americans and Europeans especially have embraced Asian foods. This has been attributed to the growing popularity of Asian cooking shows and an increase in tourism to Asian countries.

Steady rise in the number of Asian restaurants in Europe and America

There has also been a steady rise in the number of Asian restaurants in these countries. And as expected, this rise has made the people more exposed to these meals. What these trends translate to in market terms is an ever-growing demand for ginger. The restaurants, pharmaceutical and beverage companies, and consumers that decide to experiment with ginger all constitute a large market for the product. A savvy importer can take this opportunity and make a lot of money from this business.

Price of Ginger continues to gain on international markets

The price of ginger in the international market is steadily increasing. In 2020, Nigerian ginger saw a 30% increase in price on the international market.

A ton of ginger was sold for a price between 6,000 and 7,000 US Dollars. In the local market in Nigeria, the price stands at US$3,500. The profit margin per ton after such deductions is still large enough for ginger import to be considered highly lucrative.

Cokodeal Invites Partners and Investors to Drive Export Businesses

Cokodeal featured on Guardian news

https://guardian.ng/business-services/cokodeal-invites-partners-and-investors-to-drive-export-businesses/

Africa is blessed with immense natural resources and its rich soil, which makes it the
epicentre for Agriculture and mineral commodities. There’s a lot the continent has to offer


Africans and the rest of the world as the gap between local production and markets
widen, but sellers and buyers are closed on leveraging technology to bridge it.
For an average business person in Africa, they always have to go the extra mile and do more with lots of resources to be able to access international markets and to find buyers for products, or risk selling within local economies that give low value for production. This and many more reasons are why many farmers are termed poor and the youth are discouraged to go into Agriculture.


The fragmentation of African markets and the lack of connections with genuine buyers globally is limiting its trade effort and potential especially for small and medium business owners.


A recent study by McKinsey shows that if many business owners and graduates in the African continent can have access to trade more seamlessly globally, there will be a drop in unemployment and growth of new industries.
In an interview on Aljazeera, Billionaire Dangote stated that ”Agriculture and ICT has
great potential and that is where to focus now.” There’s a need for African nations to look inward and work towards integration of its markets.


It is important to note here that recent growth in Africa’s economy has been linked
directly to increasing levels of foreign investment, which has been attributed to
improvements to fiscal policies, governance and regulatory frameworks, along with a move to diversify economies away from Africa’s traditional commodities-biased economies. All these create a safe haven for foreign Investments.


More than before, governments need to work towards a more regional integration in
order to achieve a more sustainable and inclusive growth for the continent.
While this gap in regional integration is being created and becoming more and more
obvious, Cokodeal has already set in motion an infrastructure of satisfactorily filling the gap.


Cokodeal, has said it is aiming to integrate more export-based businesses into the
foreign trade to find buyers in UK, USA, Dubai, Canada and Asia markets through its
platform.
Coming into operations since 2012, Cokodeal is a digital export platform for foodstuff and commodities produced in Africa. The platform helps to give market access internationally and increase sales for local manufacturers and producers.

Through best-in-class sourcing and negotiation technology, Cokodeal helps local
businesses integrate into global trade, and with its professional advisory, helps alleviate communication gap for semi illiterate traders.
Over the last decade, the company has done a lot in discovering several resources within Africa many never thought existed such as; stone flower, gum Arabic, cobalt, gypsum, scrap copper and other generic ones like coffee, sesame seeds, gold, flowers, ginger, cashew nuts, shea butter..etc. These products are in large demand across the USA, UK, Canada, Europe and Asian markets as discovered on its platform.


With what Cokodeal is bringing to the fore in Africa, buyers of commodities in foreign markets can directly find organisations to trade with in Africa, all in one place. The illiterate and semi-literate producers can get technical support for putting their products online and reaching millions of potential buyers – light years ahead of what they used to do piling their goods on lorries and carrying them across vast distances. Sellers too can now benefit from sourcing from a verified pool of buyers for which certain controls havebeen put in place to ensure heightened trust in the trade interaction.


The president of Cokodeal organisation, Mr. Mike Dola, in a recent conference: The
African Farmers Stories “Unlocking the food supply chain amidst Covid-19” hosted by Parminder Vir OBE, the co-founder of Support4AfricaSMEs, states that ”market access is critical to the growth of African businesses as without it, it hinders their growth, no better time than now to fully integrate African businesses into global trade”

There’s no doubt that the tides are changing, African Nations are beginning to look within for solutions as the current depreciation of currencies indicates the need for re- strategizing and collaboration within the continent. Recently, the president of Nigeria restricted foreign currencies at bank rates for importation of food items and fertilizers for people to look inward and produce.


Africa’s development must be underpinned by further regional integration and trade
liberalization. While the rest of the world becomes increasingly fractured and disparate, it is time for Africa to create ways to better integrate its fragmented markets which have long constrained growth and acted as barriers to trade.


The Cokodeal platform has curated some of these local producers and the resources
produced by native people is immense. In exploring these large resources, the
organisation welcomes partners and investors to explore this massively growing industry to drive growth for African trade as it directly impacts the lives of many farmers and manufacturers.

Digital accessibility is Africa’s Nexus in strengthening its standard of living and
wellbeing of its people, harnessing these resources and exporting to regions that are
constantly in need of them.
More exports increases the trade balance and strengthens our currencies, consequently causing it to appreciate in value and improve our economies.
There are so many opportunities to tap in the commodities market and there are lots of gaps to fill, and Cokodeal is opening up opportunities to interested investors and
partners.

This is with an aim to achieve its vision of helping commodity traders and small business owners in Africa realize their full trade potential and increase their wellbeing through information technology.


The organisation is providing options to become partners and shareholders in the
company, by raising funds and leveraging partners to access larger markets.
This is open to private individuals, business partners and company associates.
Early investors and partners would have a great deal of advantage of joining early as the company becomes very valuable and more attractive to larger investors.


The Cokodeal corporation can be reached on service@cokodeal.com for more
information on how to take advantage of this partnership opportunity.

Cokodeal woos partners with AI-enabled export platform for wider reach

Cokodeal as featured on Vanguard News: https://www.vanguardngr.com/2020/09/cokodeal-woos-partners-with-ai-enabled-wider-reach

Cokodeal, a major player in Africa’s commodity market, has said it is positioning itself as the centre for commodity export for Africans, using Artificial Intelligence to connect and match real-time buyers across the world with African traders on the platform. Noting that there are so many opportunities to explore in the international trade space and Africa Continental Free Trade Area, AfCFTA, agreement, Cokodeal.com said it is providing options to interested investors to become partners and shareholders in the company.

This, it said in a statement by its Co-Founders, Mike Dola and Michael Olufemi, will lead to raising of funds and leveraging partners to access larger markets, a plan that is “open to private individuals, business partners and company associates.” According to Cokodeal, “This funding will help to develop a more robust technology infrastructure for the platform, align its vision and better deliver product efficiently, register 6,000 agents across Nigeria that will help generate real-time trade information and coordinate deals in their local communities.

“This will develop strong collaborations and partnerships with larger organisations locally and internationally, to run digital marketing campaigns globally to drive huge numbers of buyers for its businesses to do bigger and better deals. “A series-A funding is in the pipeline in an ongoing deal flow with venture capitalists.

This fund will allow the company to better compete in the global space, becoming a household name and trading partners across the world. “Investors and partners would have a great deal of advantage in joining early, as the company becomes very valuable and more attractive to larger investors.”

On the benefits of the partnership, Cokodeal noted that from fashion to agriculture, the continent has seen an emergence of entrepreneurs in recent years creating quality and bringing the best products into the market. “Although resources abound, inter-trade and intra-trade seems to still be quite limited in the continent. “The global market is interested in many of these locally-produced goods, but don’t know how to find and reach manufacturers.

“The local producers on their end really have no knowledge of the extent their products could reach and as such still remain in the same spot within weak economies for a long time, which leads to stunted growth.

“Cokodeal has found this sweet spot, taken advantage of the opportunity and is currently filling the gap. “With technology, we have been connecting commodity traders in Africa to the local and global market effectively, efficiently and quickly since we launched in 2013.”

Benefits of African Dry Ginger You Didn’t Know

Ginger (Zingiber officinale) is a plant belonging to the family Zingiberaceae alongside turmeric (Curcuma longa) and cardamom (Elettaria cardamomum).

Originating from South East Asia, it’s a rhizome (often referred to as ginger root) has been used for ages for both culinary and medicinal purposes. It has a strong unique smell as well as flavour.

Packed with highly beneficial phytonutrients, ginger is one of the most healthy spices in the world. It contains 2 potent bioactive substances– Gingerol and Shogaol. In fresh ginger, Gingerol is the most active biochemical ingredient. It gives its unique spiciness. Gingerol has anti-cancer, anti-fungal, antioxidant, anti-inflammatory, and gastroprotective properties. Thus, it provides the majority of the medicinal benefits of ginger.

Shogaol is the ingredient responsible for the pungent smell of ginger. When fresh ginger is dried, Gingerol is dehydrated to form Shogaol. This is why dry ginger is more pungent than its fresh counterpart. It is noteworthy that African dry ginger contains more gingerol and shogaol compounds than the Asian ginger making it more potent either as a spice or medicine.

This guide lists the five major benefits of African dry ginger.

It provides relief from a sore throat, nasal congestion, and cough

The pain associated with a sore throat is as a result of inflammation in the throat which is often caused by an infection. Ginger soothes the pain and provides some relief.

The antioxidants found in ginger fight pathogens present in the throat that could be causing a cough while also relaxing the respiratory muscles that tighten when coughing. During nasal congestion, the gingerol found in ginger thins out the mucus and reduces its production easing the discomfort the person may be suffering.

It helps fight nausea

Nausea is an uneasy feeling that often comes with the urge to throw up. A lot of conditions could cause one to feel nauseated such as morning sickness in pregnant women, motion sickness, a stomach infection, food poisoning, emotional stress, and so on.

Dry ginger is very effective in easing the symptoms of nausea. Research has proven that ginger is more effective in fighting nausea than medications and has fewer side effects. It does this by maintaining a stable digestive function and regulating the blood pressure to keep the body calm.

Ginger can treat stomach indigestion and other stomach-related issues

Ginger is a great remedy for stomach indigestion. Indigestion– medically known as dyspepsia– is any form of discomfort or pain in the upper abdomen. Symptoms may include abdominal pain, bloating, belching, and an acidic taste in the mouth.

Studies have shown that even little doses of ginger can relieve abdominal pain related to indigestion. Ginger boosts the secretion of saliva and gastric juices to aid proper digestion. It quickens the movement of food through the digestive tract which helps to reduce cramps, irritation as well as constipation. It’s anti-inflammatory effects block enzymes that could lead to bloating.

Ginger also helps to reduce the amount of gastric acid in the stomach which could be responsible for indigestion as well as the acid reflux related to it. By preventing the acid from flowing up into the oesophagus, ginger reduces the chances of gastric acid getting to the mouth and leaving a nasty taste there.

It could help with weight loss

Ginger boosts metabolism. This helps in burning off excess fat thus resulting in weight loss. Consumption of ginger has been linked with suppression in appetite, lower cholesterol and blood sugar level. It could even reduce the buildup of fat in the arteries which contributes to high blood pressure.

Ginger has been shown to help overweight people stay fuller for longer. This prevents them from having hunger pangs that will result in eating more food than could set back weight loss. Ginger can also help in burning fat in specific areas like the belly. It has a very significant effect on the waist-to-hip ratio.

african ginger oil

Ginger improves the health of the skin and hair

Topical application of ginger on the skin has several benefits. It’s antibacterial and anti-inflammatory effects can be used to prevent skin issues such as acne. A ginger face mask will help unclog pores and kill any bacteria that could lead to the formation of acne on the face.

Ginger is also very helpful in treating hypopigmented scars i.e scars that are lighter than the skin tone. It rejuvenates dull-looking skin by fighting free radicals and boosting collagen production which in turn improves the elasticity of the skin giving it a healthy glow.

The hair also stands a lot to gain from ginger. Ginger fights dandruff and remove all crusty flakiness in the scalp. Ginger is used to treating bald spots on the scalp as it boosts the growth of hair from follicles. It also moisturizes the scalp, makes the hair shiny and thicker.

5 Useful Products Derived from Hibiscus

Hibiscus plants are very popular as ornamental plants that beautify gardens or landscape. Their large beautiful flowers come in different colours including white, pink, red, orange, peach, and yellow. It is a versatile perennial plant native to tropical regions although the hardy ones can be found in colder climates.

A member of the family, Malvaceae, the different species of the Hibiscus plant are cultivated for various reasons. For instance, Hibiscus rosa-sinensis and Hibiscus syriacus are cultivated for ornamental reasons while Hibiscus sabdariffa is cultivated for medicinal purposes.

Hibiscus can be made into a good number of products. Here are 5 useful products that can be derived from Hibiscus.

Hibiscus Tea

Hibiscus tea is made from the dried calyces of Hibiscus. It is the most popular product derived from the plant. Hibiscus tea is widely consumed in Africa, Asia, North America, and some parts of Europe.

It has a reddish colour with a tart taste that has led to it being called ‘sour tea’. It’s flavour has been compared to that of cranberries and can be served either hot or cold.

Preparation is quite easy. The calyces are steeped in hot water to extract the flavour from them. This mixture is then sieved to remove the tea and the calyces are discarded. On its own, Hibiscus tea does not contain any calorie or caffeine but it is usually sweetened with sugar or honey which adds some calories to it.

Sometimes, the calyces are steeped with ginger, lime, or pineapples to add some extra flavour. Hibiscus tea is very rich in vitamin c and antioxidants. Studies have proven it to be effective in reducing blood pressure and blood sugar, lowering blood fat level, boosting liver health, and having moderate antibacterial properties.

Asides from being ingested, this tea can be used as a hair spray to boost hair growth and hydrate the hair. It can also be used as a face toner to remove grit from the face.

Hibiscus Powder

This is formed grinding up the dried sepals of the Hibiscus plant. It can then be made into other beneficial products.

Examples of these products are:

Face-lifting face mask: Due to its richness in antioxidants and vitamin c, Hibiscus encourages collagen production in the face as well as elastin which tighten up the face and reduce the appearance of fine lines and wrinkles.

It has been dubbed ‘the botox plant’ due to these benefits. This face lifting face mask can be made by mixing some kaolin clay with hibiscus powder and some water. The mask should be washed off before it dries for easy removal, and the skin should be moisturized after. The effects of the hibiscus is seen immediately as the skin looks brighter and softer.

Exfoliating scrub: By mixing Hibiscus powder with some sugar, the physical exfoliation gotten from sugar is combined with the chemical exfoliation from the AHAs in Hibiscus which make a perfect scrub to slough off dead skin cells and unclog pores in the skin.

Hibiscus Oil

Hibiscus oil is created by an infusion of Hibiscus with any appropriate oil of choice. The dried petals are soaked in oil and placed in a double boiler in order to fasten the infusion of the nutrients into the oil.

The oil is useful for both skin and hair. When infused in avocado oil or olive oil, it can be used on the face as a facial oil. It can also be infused with coconut or almond oil, then massaged into the scalp. Hibiscus oil boosts hair growth from follicles and also helps to treat dandruff and stall greying of hair. It can also be used to coat the tips of hair strands to lock in moisture which will prevent tangling and breakage.

hibiscus oil

Hibiscus Soup

This soup is common among the Western people of Nigeria, especially people from Ekiti and Ondo states. It is a traditional soup that is usually cooked on special occasions, but some people make it regularly too.

It is made from dried white Hibiscus flowers. The flowers are soaked in hot water and ashes in order to remove the tangy taste. Then, they are added to a pot that already contains egusi, fish and pepper. It is devoured with any swallow of choice like pounded yam.

Hibiscus Cordage

Cordages are ropes or cords that are used for a variety of reasons. In survival situations, cordages could come in very handy. They can be used to tie up anything, make shelter supports, trigger wire, or a fishing line.

Materials used to make cordages should be tough enough to support any load it will be required to but also be flexible enough to twist or manipulate without breaking. Some Hibiscus stems are used to create cordages as they fit these descriptions. Hibiscus tiliaceus is especially used in making tough ropes due to its hardy stem. The stems are cut and the leaves shaved off. Then, they are twisted up to make them tougher.