Cashew grows in almost all states of Nigeria; however, most production is concentrated in the Eastern, Western, and Middle Belt areas with Anambra, Oyo, Enugu, Osun, and Kogi having the largest production . The agricultural sector has been recognized as key to driving Nigeria’s economic diversification plan.
Which state in Nigeria has cashew nut?
Cashew producing states are Kaduna, Abia, Kogi, Enugu, Kwara, Oyo, Niger, Imo, and Abuja FCT. But while Kogi leads the pack among the producing states, accounting for 60 per cent of the country’s total output, Oyo State, Ogbomoso, to be precise, is another cashew destination.
Are cashews grown in Nigeria?
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.
Does Nigeria export cashew?
Nigeria is presently doing more export of raw cashew nuts because we don’t process more of it. It is generally a problem in Africa, not only in Nigeria,” he said. “We are not processing, but we are exporting raw cashew nuts, which gives us a lot of income when we talk about foreign earnings.
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 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.
Which state is largest producer of cashew?
Maharashtra
Maharashtra is India’s largest cashew nut producing state. Maharashtra is followed by Andhra Pradesh and Odisha.
How much is a tonne of cashew 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 business profitable in Nigeria?
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. Cashew business has for many years been a major source of food and income generation for many homes and corporate ventures.
Which State cashew is best?
The production and productivity of cashew is highest in the state of Maharashtra. The highest average productivity of Maharashtra is 1262 Kg/ha. Andhra Pradesh and Orissa are the other two States in the 2nd and 3rd position followed by Maharahstra in the production of cashew in India.
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.
How much is bag of cashew nut?
Buy Your Original Bag Of Cashew At The Rate Of ( 20,000 ) Per Bag With Free Delivery Nation Wide To Your Door Step..
How profitable is cashew nut export?
The global cashew market is projected to register a compound annual growth rate of 4.6% during the forecast period of 2021-2026 further proving that the cashew business is good. Over time it has become an economically important commodity for countries such as India, Nigeria, and Vietnam.
Where can I sell cashew nuts in Nigeria?
OLIVE AGRO STORE is a company that locally collects,buys,stores and resells raw agro products like cashew nuts at both large,medium and small scales.
What is the most traded cashew product?
Cashew nuts in shell surpassed sesame seeds and cocoa beans to become the most traded agricultural product in the second quarter (Q2), growing by 10.67 percent year-on-year (y/y). The product traded for N41. 27 billion in the second quarter of 2022, as against N37.
How much is cashew nut per kg in dollars?
US cashew nuts wholesale price. In 2022, the approximate price range for US Cashew Nuts is between US$ 7.44 and US$ 8.26 per kilogram or between US$ 3.37 and US$ 3.75 per pound(lb).
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 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 do cashew trees grow best?
Red sandy loam, lateritic soils and coastal sands with slightly acidic pH are best for cashew. Cashew is a tropical plant and can thrive even at high temperatures. Young plants are sensitive to frost.
Which country is the largest exporter of cashew nuts?
In 2021, the United Republic of Tanzania was the leading exporter of in shell cashews worldwide, with exports amounting to a value of over 159.03 million U.S. dollars.
Which soil is good for growing cashew nuts?
Cashew plants can adapt themselves to any type of climate without affecting the productivity. The best soil suitable for this crop is well drained sandy loam soil with a hard pan. Also red sandy loam soil, lateritic soil, sand of coastal areas and soil with acidic pH are all suitable for the cultivation of cashew.