The National President, National Cashew Association of Nigeria, NCAN, Tola Faseru, has disclosed that the production of the commodity has increased from about 90,000 metric tonnes in 2011 to 220,000 metric tonnes at the end of 2017 translating to about $402million.
He said the cashew industry has made a lot of progress when compared to other commodities in the country.
Speaking with Agriculture journalists recently, Faseru said: “In 2011, our production was about 90,000 metric tonnes, today, as at the end of 2017, we have reached 220,000 metric tonnes. For us, that is a major breakthrough. That is more than doubled what the production was from 2011 to 2017. Barring all issues of climate change and all of that, for us, that is a major effort.”
He added “the earning has increased tremendously, the earnings in 2011 were about $48 to $50 million annually but as at 2017, we have reached $402 million. What it means is that the value of Nigerian cashew has increased.
“In 2011, we were talking of something in the region of between $300 and $500 per ton. Today, we are talking about $1800 and we have explored an upward trend in the marketability and acceptability of the Nigerian cashew across the world.”
Tola Faseru said the increased earnings from cashew has impacted positively on the farmers. “In the past, a farmer was selling at the local price of N30,000 to N40, 000 per ton, but today, the farmer can sell at about N300,000 per ton.
“Thus, our farmers are now living a decent life; they provide shelter for themselves, have good cars and that had encouraged them to plant more. By and large, it has encouraged them to take good care of their farms.”
He said one of the reasons for the growth in the sector is the sensitisations and trainings given to the local farmers. “We have given farmers trainings on how to store their cashew properly, they are able to first of all put in best agricultural practices; they are able to do what they call proper harvesting which is critical to the yield and to the quality.
“Farmers are able to dry cashew properly; most importantly, they are able to package it well. When we came in, cashew nuts were usually packaged in polythene bags and we said this will kill the quality because the cashew will not have proper air to breathe because it will get heated up and what will happen is for the cashew to spoil.
“So, we said jute bags should be the way. Jute bags give way for air to flow in and out, the cashew farmers have imbibed that as well.”
He added that drying of cashew has now become something farmers now handle professionally and has become the norm across the value chain.
Be wise, join the smart investors to invest in our ongoing cashew-cassava investment plan and join the league of Nigerians benefiting from this new “Nigeria Goldmine” by clicking on https://hastomnigeria.com/cashew-cassava-plan/
Read more at: https://www.vanguardngr.com/2018/05/982285/
Premier League Season Begins;
So the new Premier League Season has begun, you could feel the new energy and frenzy atmosphere this new season has brought. New Coaches, new Signings, it promises to be a hot season ahead. Some players already making the headlines, most top teams are off to a flying start right? Except for Arsenal though, looks like it’s going to be tough battle to dethrone the defending champions, Manchester City this season. They didn’t spend much this transfer window, with Mahrez as the only top signing, same squad, and same coach. But it’s going to take some balls to dethrone them right? They already made a point defeating Chelsea and their new Sarri-Ball and Arsenal.
Why not let’s discuss Man-City a bit? Remember Pep Guardiola took over at City at the start of 2016/2017 Campaign replacing Manuel Pellegrini. Man-City finished third in Gaurdiola’s first season and then, in the next campaign, broke the Premier League’s records, lifted his first trophy in England in the2018 Carabao Cup defeating Arsenal ( seems Arsenal are a regular scapegoat), dominated the 2017/18 Premier League Season, went ahead to claim the title.
Okay away from City’s achievement, how were they able to achieve these? Simple, City had put their money where it should be. It was an Investment, which is now paying off largely. Remember how criticisms were rising following City’s spending spree last season’s transfer window. Well after failing to win a single trophy in Gaurdiola’s first season, City saw the need to INVEST big, despite the wide criticisms. Well looks like others have followed suit after seeing City’s INVESTMENTS paying off, the likes of Liverpool.
Don’t we all have something to pick from this? You can either learn it the easy way or the hard way you know. You want to BREAK RECORDS with your FINANCES, “INVEST”. Without Investment there will not be growth, and without growth there will not be … Well you can think for yourself. You know when money realizes that it is in good hands, it wants to stay and multiply in those hands. Ask City how much profit they gained from that BIG INVESTMENT.
A good Investment is not Far-fetched; Hastom Nigeria’s Cashew-Cassava Investment Plan is a big one. Invest with a minimum capital of 2.5 Million Naira in an investment plan with NO INFLATION, NO DEPRECIATION. Your invested sum will become your annual Income for over 50 years with a constant rise in your ROI (Return on Investment) over the years.
Remember it’s all about Investment, BE A CITYZEN, BREAK RECORDS WITH YOUR FINANCES, INVEST NOW.
Cashew is seasonal fruit that is highly sought after in the Nigerian Market as well as the global market. The species is originally native to the North Eastern Brazil. Major production of cashews occurs in Vietnam, Nigeria, India and Ivory Coast. The Cashew nut is eaten on its own, used in recipes or processed into Cashew cheese or butter. The cashew apple can be processed into a sweet fruit drink or distilled into liquor.
Driven by the rise in demand from china, India and other fast-growing economies, the global cashew boom has generated profits, the business has been of instant success for investors in the cashew business, as investors now worth millions of dollars in annual revenue, and with the world price rising and expected to remain steady, life is changing for those ready to invest in the business.
The cashew Industry has been a growing business over the years in Nigeria in particular. Cashew Production for 2015 was 160,000 tonnes, and fetched 57.6 billion naira revenue. In 2016, we exported 185,000 tonnes and earned 259 million dollars (93.2 billion naira). Last year 2017, 220,000 tonnes was exported and earned 123 billion naira, which means that the value continues to row over the years. But with this still, the demands is yet still more than the supply, this just implies a lot of room and opportunities for investments in this cashew business.
Investing in Cashew Nut business is one of the most lucrative investments you can make. The reason is not far- fetched. Nigeria is one of the largest producers of cashew in the world. It implies that you already have access to the essential commodity. In addition to this, the cashew industry has a high potential for growth, with cashew tree having the ability to last at least 50 years. There is a lot of money to be made if you invest in the cashew nut business.