Nigeria is currently the 6th largest producer of cashew nut in the world. This alone speaks volumes. There is so much potential within the cashew industry. However, with the potential comes the need for a good understanding on how the industry works. This product comes from cashew fruits. Cashew is a perennial crop that grows seasonally. Unlike other fruits, its seeds are externally attached to the flesh of the cashew fruit. Alot of extensive research has been done on cashew by the Cocoa Research Institute of Nigeria (CRIN)
You may be lost by the mention of CRIN, but don’t be. This body conducted a series of research on Cashew, which led to the introduction of improved seedlings. Today, the results of this research has resulted in improved cashew yield.
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The Relevance of Cashew Nuts
The effort committed to improved cashew cultivation shows its relevance to the economy. Hence the acceptance it has gotten among farmers. Due to its high nutritional value, demand currently outweighs supply. This is therefore good news for investors. An interesting feature of this crop is its wide demand. By wide demand, we mean global demand for cashew. Currently Nigeria is unable to meet up export demands. Cashew nuts has significantly contributed to Nigeria’s revenue generation. Starting cashew business in Nigeria requires the right knowledge.
The cashew value chain engages alot of participants. This implies alot of opportunities for investments. However, to benefit from this, knowledge is key. This is where this article comes handy.
This is the point where it all starts. Starting a cashew plantation is serious work. However, this is financially rewarding at the end. Starting a cashew plantation requires alot of time (usually several years) before it starts producing cashew. Here, a nursery is provided where the seeds grow to young trees. By transplanting these to their permanent location, a gradual process of growth commences. These trees need care until they are mature to grow without watering. It is however necessary to note that not everyone wishing to start this business needs to grow a cashew plantation.
Choosing Where to Focus On
As previously stated, starting a cashew nut business requires you to decide the area you would make the most impact on. By impact, we mean being effective. Cashew nut business has an attractive value chain where you can focus your attention on. You may want to process your cashew nuts before selling, or just selling them directly. Whatever the case, knowing the right strategy that will yield the highest financial reward is important. Processing these nuts significantly increases the market value. However, striking a balance between cost and profit is important.
First Obtain Guidance
To start well, it is important to get guidance from the right sources. The Cocoa Research Institute of Nigeria (CRIN) Ibadan, is a good place to start from. By doing this, you will have significantly lowered the chances of failure in your intended businss. CRIN has carried out a lot of research in this regard, hence, it is the right body to approach. an important aspect of the research conducted by CRIN is that you get to know the sources of demand (both domestic and foreign). This makes exporting of these cashew nuts easier.
Register Your Business
Starting a cashew nut business of worth requires you to register your business. However, registration depends on your scale of operation (scale of operation will be further explained below). Gaining official approval enables the business to function at a much more bigger capacity. Registered agro-allied businesses stand to benefit from a lot of incentives. You may want to take this serious as a new start-up will require all the break it can get to enable it stabilize. Domestic and foreign supply requires you to have a license obtained through registration. To register your business, locate the CAC (Corporate Affairs Commission) office nearest to you.
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Scale of Operation
Your financial strenght determines your scale of operation. It is therefore important that you consider your financial strenght and pattern your business according to available resources. Without this, the cashew nut business will likely fall on hard times (financial) in the nearest future. Having an under-funded business is not what you should wish for as it has the ability to cripple business activities.
Please my family have cashew farm somewhere in Kwara state, how can I get contacts of how to export it, contact me on Facebook, Bolajoko Idris
Good day Bolajoko. your intent is very impress and interesting , pls i want to know if your quest is what one can give a cogent response. if okey, we have a foreign contact to supply unlimited quantities and quality tons of cashew nuts.
pls reply me this mail to enable me know if your business is worth working together. You can as well call me with this no: 08039235357 , so we can discuss
how can i get a good cashew seedlings for 2 acres of land or a good cashew that is already in nursery
You can get it mostly in south-west. Cashewnuts farmers are many there. Especially in Oyo state. Ie where i came from.
Pls ozioma Anyasi we have alots of cashew nut in area. Pls contact me if you need my supply so we can talk more. 09050311803
please am interested in supplying of cashew but.l have a register company already with the CAC,l only need connection with foreign buyer,kindly guide me
Hi everyone pls my family and my hometown have a lots of cashew nut somewhere area in kogi state if any one interested here pls contact me. I can supply you as many town as you want. Here is my number . 09050311803. And my Facebook is Ustaz Ayuba .. Thanks
Cahewnuts business is my family business for the past 15 years in Ogbomosho Oyo state. Still running. All i need now is connection from foreign buyers. Pls what should i do?
Thank you for this vital and valuable information about this seed call “cashew”
Thank you for this vital and valuable information about this seed call “cashew” .
You are most appreciated for this vital and valuable information about cashwenut.
pls what is the current price of cashew seed per killo in nigeria?
The information are indeed invaluable. my company has been into the exportation of cashewnuts to india, vietnam. we so far are the leading supplier and exporter of cashew nut in lagos state. you can view my web page and find some othe agro allied products we supply @ http://www.covenantseed.com.ng. Contact us paradventure you need clarifications concerning anything
Good day, please I have some land I want to plant Cashew in Edo state Nigeria. I someone to help me with the planting.
Please,help me with someone in Benin City Edo state, that knows how to plant.
My phone numbers is 004915254194134
i have cashew nut of tons i want to export or sell but don’t know how to go about it. i need help Please. if you want to buy or if you can connect me to someone who buys please call or chat me on 08145631666 or add me on Facebook with Adama Genesis