Post by Trade facilitator on Feb 11, 2023 14:18:27 GMT 1
Cashew is a tropical tree cultivated for its pseudofruit (cashew apple), and fruit (cashew nut). The nut is the major reason for planting cashew – it is very nutritious. The fleshy “apple” part yields a juice which is high in vitamins and minerals.
Cashews are low in sugar and rich in fiber, heart-healthy fats, and plant protein. They’re also a good source of copper, magnesium, and manganese — nutrients important for energy production, brain health, immunity, and bone health.
Cashew farming contributes about N24 billion (about US$58 million) to the Nigerian economy annually. It employs more than 600,000 people.
Africa, with production of about 2,334,405 tons, is the world’s largest producer and exporter of raw cashew nuts, accounting for more than 50% of production.
Nigeria is one of largest producers of cashew nuts worldwide. It exports over 80% of her raw cashew nuts to over 54 countries, primarily to Vietnam, India and China where they are processed into various consumer products such as butter, food and cosmetic ingredients. Many cashew nut dealers prefer the nuts from Nigeria because of the quality.
USES OF RAW CASHEW NUT
Jam
Cooking oil
Biscuits
Bread
Bio-gas
Jet fuel
Friction linings
Polyurethane based polymers
Hydraulic
cashew cements
Epoxy resins
Surfactants
Brake fluid
Paints and varnishes
Shoe polish.
Laminating resins
Rubber compounding resins
Foundry chemicals and
Intermediates for chemical industry Etc.
Below are reasons why cashew export from Nigeria is a great business to venture into, according to the NIgeria Export Promotion Council NEPC).
Nigeria is a leading exporter of premium quality raw cashew nuts, with an average 48 kernel yield out-turn.
Nigeria guarantees a reliable and sustainable supply base in their cashew offer. Our large production base with 19 main producing states makes us the fourth largest producer of cashew nuts worldwide.
Liberal market leads to international price competitiveness compared to other significant African cashew suppliers.
Fruitful and conducive geographic conditions ensure high peelability, making the Nigerian raw cashew nuts easy to process.
SOURCING RAW CASHEW NUTS TO EXPORT
You can go locally or directly through farmers, or buy from middle men but, in most cases, it's usually advisable to go through a reliable and renowned Exporting Company, because going through them, they could either link you up with farmers/sellers or sell directly to you as this will make the purchase process easy and stress-free, compared to sourcing all on your own.
REQUIREMENTS
You must be registered with the Corporate Affairs Commission (CAC).
You must also be registered with the Nigerian Export Promotion Council (NEPC).
You should have a business account which can accept international payments.
You have to get all necessary licenses and export-related documentation done.
You must meet all documentation and product inspection the conforms with international export standard for Raw Cashew Exports such as;
Quality
Standard
Moisture content
Storage
Packaging etc.
CONCLUSION
Some of the challenges faced by Nigerian exporters are the rejection of goods by other countries and this can be as a result of poor handling of the export processes and Products.
This is the reason we advise consultation of an export firm to help make the processes easier and less expensive and time consuming because to go into exports of any commodity, there are a number of things you need to do ranging from:
Making extensive research–market surveys–getting all the necessary registration certificates–Sourcing the products—Passing the product quality and standard test etc and after the entire stress, your goods may end up not passing the criteria it needs to get exported or worse, may get rejected by the destination country or worst, get defrauded. So, it's always best to go through certified and reliable sources who are familiar with the entire process.
Cashews are low in sugar and rich in fiber, heart-healthy fats, and plant protein. They’re also a good source of copper, magnesium, and manganese — nutrients important for energy production, brain health, immunity, and bone health.
Cashew farming contributes about N24 billion (about US$58 million) to the Nigerian economy annually. It employs more than 600,000 people.
Africa, with production of about 2,334,405 tons, is the world’s largest producer and exporter of raw cashew nuts, accounting for more than 50% of production.
Nigeria is one of largest producers of cashew nuts worldwide. It exports over 80% of her raw cashew nuts to over 54 countries, primarily to Vietnam, India and China where they are processed into various consumer products such as butter, food and cosmetic ingredients. Many cashew nut dealers prefer the nuts from Nigeria because of the quality.
USES OF RAW CASHEW NUT
Jam
Cooking oil
Biscuits
Bread
Bio-gas
Jet fuel
Friction linings
Polyurethane based polymers
Hydraulic
cashew cements
Epoxy resins
Surfactants
Brake fluid
Paints and varnishes
Shoe polish.
Laminating resins
Rubber compounding resins
Foundry chemicals and
Intermediates for chemical industry Etc.
Below are reasons why cashew export from Nigeria is a great business to venture into, according to the NIgeria Export Promotion Council NEPC).
Nigeria is a leading exporter of premium quality raw cashew nuts, with an average 48 kernel yield out-turn.
Nigeria guarantees a reliable and sustainable supply base in their cashew offer. Our large production base with 19 main producing states makes us the fourth largest producer of cashew nuts worldwide.
Liberal market leads to international price competitiveness compared to other significant African cashew suppliers.
Fruitful and conducive geographic conditions ensure high peelability, making the Nigerian raw cashew nuts easy to process.
SOURCING RAW CASHEW NUTS TO EXPORT
You can go locally or directly through farmers, or buy from middle men but, in most cases, it's usually advisable to go through a reliable and renowned Exporting Company, because going through them, they could either link you up with farmers/sellers or sell directly to you as this will make the purchase process easy and stress-free, compared to sourcing all on your own.
REQUIREMENTS
You must be registered with the Corporate Affairs Commission (CAC).
You must also be registered with the Nigerian Export Promotion Council (NEPC).
You should have a business account which can accept international payments.
You have to get all necessary licenses and export-related documentation done.
You must meet all documentation and product inspection the conforms with international export standard for Raw Cashew Exports such as;
Quality
Standard
Moisture content
Storage
Packaging etc.
CONCLUSION
Some of the challenges faced by Nigerian exporters are the rejection of goods by other countries and this can be as a result of poor handling of the export processes and Products.
This is the reason we advise consultation of an export firm to help make the processes easier and less expensive and time consuming because to go into exports of any commodity, there are a number of things you need to do ranging from:
Making extensive research–market surveys–getting all the necessary registration certificates–Sourcing the products—Passing the product quality and standard test etc and after the entire stress, your goods may end up not passing the criteria it needs to get exported or worse, may get rejected by the destination country or worst, get defrauded. So, it's always best to go through certified and reliable sources who are familiar with the entire process.
