Dried Crayfish Export from Nigeria:Made Easy

Dried Crayfish Export from Nigeria:Made Easy

Dried Crayfish is one of the foodstuffs currently being exported from Nigeria to countries in Europe, America and Asian More »

How to export Ginger from Nigeria and Make Huge Profit

How to export Ginger from Nigeria and Make Huge Profit

The demand for Ginger in the international market has gone up significantly because the root is now being used as raw material in manufacturing process. More »

Livestock Feeds Production Business Feasibility Studies

Livestock Feeds Production Business Feasibility Studies

Livestock feeds production is a very profitable business, the demand for animal feeds in ... You can start a small scale livestock feed production in Nigeria More »

Start A Profitable Groundnut Oil Production Business in Nigeria

Start A Profitable Groundnut Oil Production Business in Nigeria

The high demand for groundnut oil nationwide and the short fall in supply due to the ban on the importation of the product by the federal government of Nigeria has thus make Groundnut oil production business very lucrative. More »

Make Millions of Naira through Cashew Export from Nigeria.

Make Millions of Naira through Cashew Export from Nigeria.

The export of cashew nuts and other agricultural commodities from Nigeria is fast becoming very lucrative these days; More »

Instant Pounded Yam Production Business: Startup Requirement

Instant Pounded Yam Production Business: Startup Requirement

Indeed you can become a millionaire through Poundo Yam production business in Nigeria. You can make up to N500, 000/month producing and selling Instant pounded Yam powder More »

Discover How To Start Pure water business In Nigeria

Discover How To Start Pure water business In Nigeria

Portable drinking water is a scares commodity in Nigeria, but some private individuals are truly making effort at making clean drinking water available through the setup of sachet and bottled water production business. More »

How To Export Smoked CatFish From Nigeria Without Stress

How To Export Smoked CatFish From Nigeria Without Stress

Smoked Catfish is one of the foodstuffs currently being exported from Nigeria to countries in Europe, America and Asian because Nigerians and other Africans there need it to cook their food. More »

How To Start Cocoa Export Business In Nigeria and Make Profit

How To Start Cocoa Export Business In Nigeria and Make Profit

You Too can start exporting Cocoa from Nigeria to buyers in the US, Europe and make up to 20% -30% as profit. More »

How To Export Moringa Seeds and Leaves From Nigeria (Step By Step)

How To Export Moringa Seeds and Leaves From Nigeria (Step By Step)

Pharmaceutical, cosmetics industries and Individuals in China, the US, Germany, Canada, South Korea and European countries are looking for exporters who can supply Moringa seeds and Moringa leaves and get paid handsomely. More »

 

Nigerian Farmers Lament Wastage of Cashew Apples

Share

Poor handling, inadequate processing techniques and lack of funding have led to the loss of 1.8 million tonnes of cashew apples, the National Cashew Association of Nigeria has said.

Cashew, a major cash crop capable of creating over 344,000 jobs in Nigeria, is grown across all the geopolitical zones in the country.

The spokesman for the association, Mr. Anga Sotonye, in an interview with our correspondent on Friday said that about 180 million tonnes of cashew, which could be processed into fruit juice, were being wasted annually because the focus was on the nuts alone.

He said, “The wastage is just too much. We are talking about 90 per cent of our cashew apples. The cashew shell liquid that is used for a lot of industrial applications is wasted because we do not use it. This is one industry that we need to explore which has not been tapped.”

To add value to the crop by processing it into finished products, Sotonye said it was pertinent for the government to support farmers with a N10bn cashew intervention fund.

The fund, which he said had been advocated over two years, would enhance the market acceptability of the crop and its by-products globally.

He said, “If farmers can access those funds, they will be able to establish cashew processing factories across the country. Government should come to the rescue of farmers and the N10bn cashew intervention fund should be created now.”

Meanwhile, the cashew farmers have protested the low price of N200 being offered for the product per kilogramme.

They said following the rising cost of production, the N200 price was no longer profitable.

As a result, they threatened to reduce their production and diversify into other crops with better chances of huge financial returns.

Commenting on the issue, the Chief Executive Officer, Business Craft Limited, an agro-exporting company, Mr. Ade Israel, said that the drop in price was a global phenomenon and was being determined by Indians who are the major buyers of the crop.

He added that at the time the crop was purchased for N200 from farmers, it was being exported at $700 per metric tonne.

He, however, noted that the price had been restored to $1,200 per metric tonne in the international market.

Israel said, “The Indians control the market. If they want the price to crash, they would ignore the produce and once they have exhausted the stored cashew, they demand for it.”

As part of measures to prevent a decline in the business, Sotonye said that before the harvest season of the crop, the association would serve as an intermediate marketer to procure the product directly from the farmers at regulated prices.

According to him, the association was working in conjunction with the Ministries of Agriculture, Finance and Industry, Trade and Investment to establish a National Cashew Marketing Corporation that would guarantee a consistent market and regulated price for the crop.

(Visited 251 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!