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Cashew nuts are one of Nigeria’s key commodities earning the nation around $1.5 billion in the last 3 years alone. With around 320,000 tonnes produced in 2016, Nigeria was the second largest producer after Vietnam and accounted for 20% of global production. About Cashews History: The Cashew tree which is native to Northeastern Brazil was brought to the African continent by Portuguese traders in the 15th century. Now prevalent in over 20 countries worldwide, Vietnam, Nigeria, India and Ivory Coast now lead the pack. The harvest season for Cashew begins in February and goes on to the end of May. Cashew is mostly harvested by smallholders in Kogi, Oyo, Kwara, Enugu, Edo and a few other states. They pick the Oval shaped seed from the Cashew Apple and then dry it before selling to Aggregators. The Trade triangle 90% of Nigerian Cashew exports is shipped to Vietnam and India in raw shell form at baseline prices. This same produce is then processed in these countries and shipped to Europe, America and the Middle East at much better prices short changing Nigeria of a lot of potential income. Our Solution: To change this narrative, we have acquired state of the art Cashew Processing Machinery that enables us produce World Class Cashew products that would be shipped directly to Europe, America and the Middle East at much better prices.

Interesting facts:

➤ Nigeria is the second largest Producer of Cashew nuts.

➤ Cashew nuts earned Nigeria more money than the budgets of all but 6 states in Nigeria in 2017.

➤ Cashew nuts are the second most expensive nuts in the world. Use Case Asides its use as a snack, Cashews have multiple uses that cut across numerous industries. Cashew butter is a growing delicacy in Europe. The Cashew apple is used in making Liquor. The Shell of Cashew nuts is utilized in producing oil bases which are used in Chemical industry for making paints, resins, etc.

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