The Cashew business is a lucrative one with an estimated return range of between 30 to 40 per cent within 3-5 years of cultivation which is no small margin of profit.
How long does it take cashew to grow in Nigeria?
Cashew season is 3-4 months; you can imagine having to harvest this long, Men! The business na money jare. The ripe fruit starts dropping from late January. Before the trees starts dropping their fruits make sure you clear around the trees.
How much is a ton of cashew nut in Nigeria?
Nigeria Average Crops Price: Cashew Nut data was reported at 550,000.000 NGN/Tonne in 2017.
Related Indicators for Nigeria Average Crops Price: Cashew Nut.
| country/region | Last |
|---|---|
| Nigeria Average Crops Price: Cashew Nut (NGN/Tonne) | 501,294.100 2015 |
Is cashew farming profitable?
Cashew farming is reasonably profitable but farmers could take it a step ahead to increase profit by over 200% with effort. Raw cashew fetches a lower price. From 70-90 Rs per kilo. With an average yield of 1600 Kilo per acre, the farmer can expect nothing more than 144000 Rs per acre in the 10th year.
Which state is the largest producer of cashew in Nigeria?
Kogi State
Ebonyi, Edo, Ekiti, Enugu, Imo, Kogi, Niger, Nassarawa, Ogun, Osun, Oyo, Taraba and Kwara. – Kogi State produces more than 50 per cent of cashew exported from Nigeria.
How much do cashew farmers make?
The average cashew harvester in India earns around 160 rupees per 10-hour day. This equates to $1.90 per 10-hour day.
How many cashews do you get from one plant?
Depending on what stage of life a tree is at, and how vigorous it is, a cashew tree can produce anywhere up to 50 kg (around 100 pounds) of nuts a year.
Where can I sell cashew nuts in Nigeria?
Nigeria Cashew Nuts Dealers and Exporters
- 1Globexia Limited.
- 2Abod Success Investment Limited.
- 3BlueRoq Nigeria Limited.
- 4Hasbunallah Produce Company.
- 5Lion Cashews.
- 6Majigi Agro Limited.
- 7Mebo Farms Limited.
- 8National Cashew Association of Nigeria (NCAN)
Which country has the best cashews?
In 2019 Ivory Coast was ranked number 1 in Cashew Nuts Production. In 2019 Vietnam was number 3 in Cashew Nuts Production with 283,328 Metric Tons, compared to 5 in 2018.
Cashew Nuts Production.
| # | 1 |
|---|---|
| 35 Countries | #1 Ivory Coast |
| Metric Tons | 792,678.00 |
| Last | 2019 |
| YoY | +6.7 % |
How many bags of cashew make a tonne?
For him and others, a beginner needs to undergo some form of training or mentorship to enable one understand cashew business / terms and how many cashew nuts are sold per tonne. Generally, 2.13 bags make a tonne. 30 tonnes make a truck / long trailer.
How many years does cashew grow?
Cashew plants start bearing after three years of planting and reach full bearing during tenth year and continue giving remunerative yields for another 20 years. The cashew nuts are harvested during February – May. Normally, harvesting consists of picking of nuts that have dropped to the ground after maturing.
How long does a cashew tree live?
The cashew apple is pear shaped and red to yellow in color. Cashew trees can reach a height of 12 m (39.4 ft) and have an economic lifespan of 25 years after which time they are replaced in commercial plantations.
How fast do cashew trees grow?
The overall fruit set of seedling trees generally ranges from 3% to 12%. However, cashew flowers can be hand pollinated to increase fruit set. The time from flowering to cashew nut maturity is about 50 to 60 days and it takes another 20 to 30 days for the cashew apple to mature, depending upon ambient temperatures.
Which country is Nigeria highest export destination for cashew nuts?
Vietnam
Trends of Top Export Destinations From Nigeria
| Country | Export % | |
|---|---|---|
| 1 | Vietnam | 47.21% |
| 2 | United States | 19.09% |
| 3 | India | 11.88% |
How can I start cashew business in Nigeria?
- Business Registration with the Corporate Affairs Commission (CAC)
- Register with Nigeria Export Promotion Council (NEPC)
- Get requisite training on cashew nut export.
- Understand the different types of cashew nuts.
- Product sourcing.
- Find international buyers of cashew nuts from Nigeria.
- Export your cashew nuts.
Where does Nigeria export cashew nuts to?
Nigeria – the sixth largest producer of cashew nuts globally – exports more than 80% of its raw cashews primarily to Vietnam and India where they are processed into various consumer products such as butter, food and cosmetic ingredients.
How many cashews grow on an acre?
In the traditional system, 60-65 plants are planted on an acre of land, and the harvesting starts from the third year in this system.)
How often can you harvest cashews?
Step 1: Collect Cashew Fruits
Daily collection of raw cashew nuts & cashew fruits from the ground. Collecting cashew nuts from the ground usually every 2 to 3 days if the weather is favorable.
How many cashews are in a tree?
The average yield per tree increases from about 2 kg at 3-5 years to 4 kg at 6-10 years and 5-10 kg when trees are 11-15 years of age. Thereafter, trees yield in excess of 10 kg as the trees get older. Raw cashew nuts are a seasonal commodity and the trading season is from March to May.
How many times does cashew fruit in a year?
“We harvest cashew fruits three times in a year. Since we started harvesting in January, it will continue until the fifth month (May) of this year before we can stop,” he said.
How much water does a cashew tree need?
After planting, if there is no rain, it is necessary to water the cashew plants with a small amount of about 20 – 30 liters/hole so that the roots and soil in the pot bond with the soil in the hole and provide enough water for the seedlings.