Does Nigeria export cashew nuts?

Nigeria exported cashew nuts valued at N45. 88 billion, with the highest quantity recorded in Q2 2020. The breakdown of cashew nut export shows that cashew nuts, in shell that was exported in the review year was N38. 36 billion, while that which is shelled was valued at N7.

Where can I sell cashew nuts in Nigeria?

504 Raw Cashew Nuts Buyers & Importers in Nigeria

  • Vixxra Companies Ltd. Vixxra is Agro commodities trading house.
  • DMM Agro Products.
  • Spark Foods Limited.
  • Tebrad.
  • AKIIKA Investment.
  • Kareem Kennels & Investments Limited.
  • Betaplusng Development Company Ltd.

Which state is the largest producer of cashew in Nigeria?

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 .

Who is the largest exporter of cashews?

This statistic shows the leading cashew nut exporting countries worldwide in 2020, based on export value. In 2020, Senegal was the leading exporter of in shell cashews worldwide, with exports amounting to a value of over 38.59 million U.S. dollars.

Which country has best cashew?

Cashew Nuts Production

# 34 Countries 5‑years CAGR
1 #1 Vietnam +21.5 %
2 #2 India +0.9 %
3 #3 Ivory Coast +5.9 %
4 #4 Philippines +6.8 %

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

How profitable is cashew business 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.

How much is a ton of cashew in Nigeria?

Where does cashew grow in Nigeria?

Currently, the major cashew producing countries is Vietnam, Nigeria, India and Ivory Coast. Cashew producing states in Nigeria is; Kaduna, Abia, Kogi, Enugu, Kwara, Oyo, Niger, Imo, and Abuja FCT.

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.

Where are cashews grown in Africa?

Côte d’Ivoire
Cashews thrive in the tropical climates of 20 western and eastern African nations, where about 90% of the raw cashew nuts traded in the global market are grown. Behind Côte d’Ivoire, the main producers are Tanzania, Nigeria, Benin, Guinea-Bissau, Mozambique and Ghana.

Do cashews grow in Africa?

African countries produce about 45% or 1.2 million tonnes of global cashew nuts annually. Members of the initiative include five African producers: Benin, Burkina Faso, Côte d’Ivoire, Ghana and Mozambique. For all the remarkable cashew nut growth, however, the overall benefits to the cashew growing areas are limited.