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A Comprehensive Textbook On Cashew Nuts Trading..#2500 only - Business To Business (2) - Nairaland

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Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by global07(m): 12:54pm On Mar 06, 2013
I still wonder why everyone is selling a book on how to export this or that.
If the business is so lucrative like you guys say, you would have made a lot of money and not selling a book for 2,000.
2,000naira in 10 places is enough for you not to visit nairaland again if u are fake.
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 1:36pm On Mar 07, 2013
global07: I still wonder why everyone is selling a book on how to export this or that.
If the business is so lucrative like you guys say, you would have made a lot of money and not selling a book for 2,000.
2,000naira in 10 places is enough for you not to visit nairaland again if u are fake.

i decided to ignore u..SMH
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 3:17pm On Mar 12, 2013
We are in another season of cashew nuts business. It is time for local farmers, local agents/distributors, suppliers and exporters to make money.
A business man or a trader culd only fit into 2 of d mentioned categories. Its either u are a supplier (supplying to cashew nuts export companies in Nigeria), basically Lagos who in turn export it abroad, most of these companies are owned by indians, india is one of d largest importers and exporters of cashew nuts!!! It would be interesting to know that india produce cashew nuts but they are one of d largest importers of cashew nuts in d world. This is possible because india have a free trade agreement with most asian countries thus it is better for those countries to import from india rather than import from africa or any other country because of d import duty tariff.
Going into cashew business is not an easy task for a new beginner cos a lot of things have to be put into consideration eg,
1. Do u want to be a supplier (supplying to export companies in lagos)
2. Do u want to export yourself (selling to overseas buyers)
3. Capital requirement (how much are u willing to invest Considering the above two options, an exporter requires more capital)

What u need to know about cashew business / terms.

1. Cashew nuts are sold per ton.
2.13 bags make a ton. 30 tons make a truck / long trailer.
3. Grading or scaling : u need to know how it is measured, weighed and packaged in bags, if not u will be cheated by local agents or distributors, they will cheat u in your presence.
4. Quality or KOR : cashew nuts in nigeria are priced and negotiated based on d quality. D quality of Nigeria cashew nuts is between 42 - 54 KOR. There is a way this test is carried out by exporters, d test is physical and u could monitored it yourself but u need to have an idea/knowledge about it or else u will be cheated by these indian exporters.
5. Price ; cashew nuts price fluctuate almost every week, so u need to know d current price at every point in time.
6. Packaging: cashew nuts could be packaged in two bags only namely jute or polythene, this also determines d final price u buy from local sellers and d price Ʊ sell to exporters. Cashew nuts in jute bags are more expensive than polythene bags. Most exporters prefer it in jute bags.
7. Haulage or trucking : u need to know d price u will transport ur cashew nuts from one destination to the other, this also affects d price in a way.
8. Exporters of cashew nuts in Nigeria: they are mainly in lagos and mostly indian companies.
9. Where to get cashew nuts in Nigeria: u need to know d source of your business.
10. If u are exporting, u need to know d export duty, fob price, cnf price and freight price.

Advise : first timers, u have to be very careful abt this business, some people are using this business to defraud unsuspecting traders. Most people organize seminars and will only tell u how to make money in cashew business but they will never tell u how risky, vulnerable it is. Most of these seminar organize have never been to any of d villages that produce cashew nuts, they've never been to d farms, meet with d local farmers, local distributors, do not know that the quality determines d price, etc.

Pls note that cashew is profitable if u have everything under your control I.e good quality, right people working for u, capital (very important cos u could buy in large qty and store for a higher price later, u will also have an edge over your competitors), entering d biz at d right time, at an early period, especially now, february, price is still low now, but it will go higher by next month, march.

I could go on and on talking about this business.

Research is very necessary, do your own little research before u venture into this biz (u either succeed or fail) it depends on how best u manage every situation u encounter during d course of d biz.
I wish u all good luck.

This is just my own piece of contribution to nairaland. I have gained a lot on this wonderful site. am proud to be a nairalander!!

I have just shared with u what u would have normally paid for. it might not be detailed enough but I guess it would help some folks out there who have been trying to go into cashew business but don't know where to start from.
This is just the theory aspect, the main work is physical, u have to be present wherever u are buying from, don't just sit down in lagos or wherever and expect your consignment to get to u without stories, even those who have been in d game for long still monitor it physically sometimes), let your level of trust be minimal. I know a lot of people that have lost money in this business, I was a victim also when I started!! But as they say experience is d best teacher, I have a lot of experience ever since.

I think I have to stop here. I wish u guys best of luck.

For advise, assistance, consultancy and partnership, you may contact 08023881557, 07064821943, bimbolajide@hotmail.com
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 9:23pm On Mar 16, 2013
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Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 5:54pm On Mar 26, 2013
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Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 1:33pm On Apr 16, 2013
the season is been good so far.. but price is on the high side.
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 12:30am On Jun 03, 2013
Notice to local sellers: most of the buying companies in Lagos are not procuring cashew nuts at the moment. Some of them have stopped buying.
It is advisable to source for individual exporter or businessmen.
Some of the companies are still buying though, but its rare.
So don't just bring your goods to lagos without securing a conttact first.
I've been receiving calls from several people begging me to link them up with buyers in lagos after they have brought their consignment to lagos without having a solid conttact At hand.
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 3:57pm On Sep 30, 2013
still selling...
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 2:49pm On Oct 05, 2013
Still selling. Call 07064821943 for details
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by greatfa4(m): 7:21pm On Oct 11, 2013
Bros non vex oooo, 4 waitin I wan talk so, are u really into this business? because I cant imagine if this business is really paying as u said, I don't think, u will sell any ebook. Na question I ask ooooo, non vex if I offend u wit my question oooooo

Why pipo non fit be like "El Matteo" the founder of www.nairaland.com/1186199/it-yourself-importation-guide-free . The guy don touch pipo life, even me way day write dis one so. He is a blessing to many of us and hw life don change for better.

Plz bros follow this guy step, u go even latter make money pass d ebook way u wan sell.

Non vex ooooo, if I offend u ooooooooo
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 1:57pm On Oct 14, 2013
greatfa4: Bros non vex oooo, 4 waitin I wan talk so, are u really into this business? because I cant imagine if this business is really paying as u said, I don't think, u will sell any ebook. Na question I ask ooooo, non vex if I offend u wit my question oooooo

Why pipo non fit be like "El Matteo" the founder of www.nairaland.com/1186199/it-yourself-importation-guide-free . The guy don touch pipo life, even me way day write dis one so. He is a blessing to many of us and hw life don change for better.

Plz bros follow this guy step, u go even latter make money pass d ebook way u wan sell.
Non vex ooooo, if I offend u oooooooo
I decided to ignore u cos u didnt make any sense.
What would u say abt this: https://www.nairaland.com/883892/free-report-cashew-nuts-biz
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by greatfa4(m): 7:59am On Oct 17, 2013
lomzy1:
I decided to ignore u cos u didnt make any sense.
What would u say abt this: https://www.nairaland.com/883892/free-report-cashew-nuts-biz

Bros, nothing day dat link way day comprehensive now, waitin nigerian do nigerian.
If dat link day conprehensive, y u con day sell ebook again, waitin day dat ebook way non day dat link, bros wise........
If u even look am, na only u day comment on ur link, d link non day carry pipo along, at it shows u are not doing the right thing.

Non vex shall, if I offend u, but always try and do the right tin and money will later follow
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 12:22pm On Oct 17, 2013
greatfa4:

Bros, nothing day dat link way day comprehensive now, waitin nigerian do nigerian.
If dat link day conprehensive, y u con day sell ebook again, waitin day dat ebook way non day dat link, bros wise........
If u even look am, na only u day comment on ur link, d link non day carry pipo along, at it shows u are not doing the right thing.

Non vex shall, if I offend u, but always try and do the right tin and money will later follow

Smh 4 u.
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 1:16am On Dec 07, 2013
Still available for sale.
07064821943.
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 2:40pm On Dec 08, 2013
Still selling hot.
07064821943.
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by palacious1: 11:26am On Dec 09, 2013
i have just paid into your account sir and i also sent you a text with my e mail address.
please verify and send the book asap omuniyadun@yahoo.com
thank you.
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 6:43pm On Dec 13, 2013
palacious1: i have just paid into your account sir and i also sent you a text with my e mail address.
please verify and send the book asap omuniyadun@yahoo.com
thank you.
the book has been sent to ur email.
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 5:45pm On Sep 29, 2014
Still selling.
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 7:05am On Oct 28, 2014
CASHEW NUTS TRADING.. WHAT YOU NEED TO KNOW.

CASHEW NUT is a commodity and agro export crops. Though active to South America, it is cultivated in some parts of West, Middlebelt and Eastern Nigeria. Areas like Ogbomosho, Ilorin, Oyo, Anyigba, Enugu, Lafia, Keffi etc.
The cashew nut tree is mostly cultivated for its nuts: the raw cashew nut is gray in color with about 3mm thick shell, inside this shell is the edible kernel covered by a light brown skin. It is either exported as raw cashew nut, i.e. in-shell or as processed cashew nut kernel in special packaging.
Most raw cashew nut is exported to India and Vietnam while the processed cashew kernel is exported to Europe and America being the largest consumer in the world.
The crop season in Nigeria is from February - May.

HANDLING.
A raw cashew nut that looks good on the outside may have bad kernel inside. The yield of the kernels, percentage of defective, average size of the nuts and moisture content are used to determine the quality of the nuts, which usually determines the price a buyer may offer for any raw cashew nut.
Hence effort should be made to improve or conserve the expected good quality derived from proper handling.

THE FOLLOWING GOOD PRACTISE CAN HELP TO IMPROVE QUALITY OF CASHEW NUTS.
Do not harvest or pluck unripe cashew nuts because the kernel may be shriveled or immature. Hence, only mature and ripe cashew nuts should be harvested and this be done daily.
Do not let the nuts remain on the ground for more than a day before gathering to avoid long contact with soil moisture, sprouting and deterioration e.g. decay.
Sundry the harvested nuts as soon as possible for two or three days depending on the intensity of the sun.
Sundry on a clean surface and should be lightly spread (not higher than 3 inches) and turned regularly to allow uniform dryness.
Do not expose dry cashew nuts to moisture. This is a major requirement for agricultural commodities.
Use only jute bags to bag raw cashew nuts.
Do not heap it un-bagged or in plastic containers to avoid deterioration especially if not properly dried.
Do not bag it in poly-propylene bags.

QUALITY STANDARD.
Cashew nuts meant for export must be thoroughly dry and reasonably free from extraneous matter such as sticks, stalks and other vegetable matter other than cashew nuts. It must also be free from stones.
Total impurities (stones, sticks, stalks and other vegetable matter) shall not exceed 0.5% of 1kg sample analyzed.

NUT COUNTS:
170 – 180 ……………….. EXCELLENT
181 – 190 ……………….. VERY GOOD
191 – 200 ……………….. GOOD
201 – 210 ……………….. MIDDLE
211 – 220 ………………. LOW MIDDLE
221 – 230 ………………. LIMIT ACCEPTABLE
ABOVE 230 ………………. POOR.

Note: 170 – 210 nut count is usually the benchmark for exporting raw cashew nuts. But some importers may not be willing to buy RCN that is above 200 nut counts.
In Nigeria, the nut count per 1kg sample varies from zone to zone. While zones like Ogbomosho has between 170 and 180/185, kogi – 190 to 205/210, ondo – 190 to 205/210, Ilorin – 190 to 205, lafia/keffi – 200 to 210, etc.

MOISTURE.
Exportable quality shall not be more than 10%. You have to make sure the raw cashew nuts are properly sundried and the moisture content must be properly analyzed.

KERNEL OUT-TURN RATION (KOR)
It is the quality of good nut we get from 80kg of raw cashew nuts. The count is in pound per 80kg.

KOR REMARK
48 – 55 EXCELLENT
45 – 47 GOOD
40 – 44 AVERAGE
BELOW 40 LOW/POOR

DEFECTIVES
Diseased or mouldy – shall include all nuts which when cut reveal the presence of fungi growth or a milky patch or a spread of brown or black spot on the split kernel.
This is often caused by high moisture for several days prior to proper dryings, wrong packing and improper storage.

BROWN RANCID ROTTEN (BRR) – shall include all brown, rancid, rotten and discolored kernels which are light yellowish in color. This is caused by similar factors listed above.

VOID – these are nuts which show absence of kernel, emptiness or absence of a kernel of useful size. This is probably caused by natural malformation.

IMMATURE/SHRIVELED – shall include all nuts which when cut contain space between the kernel and the shell, shrink or contain kernel that is not fully developed. This is caused by harvesting immature nuts.

SPOTTED – shall include all nuts which show the presence of a black or brown spot on the kernel. This is caused by insect bite at the early stages of the development of the nuts.

INSECT DAMAGE (WEEVILLED) – shall include all cashew nuts which when cut show a state of insect attack or weevilled or presence of bead-like or powdery particles. Poor storage condition is responsible for this.

CHECK TEST FOR QUALITY
Carrying out a quality check test on cashew nuts like every other agricultural export produce begins with proper sampling. Samples shall be drawn from not less than 30% of consignment, sample shall be properly mixed, reduced and from which 1kg sample is drawn for analysis which include moisture, nut count, defectives and finally KOR.

QUALITY IMPROVEMENT METHODS:
The quality of a bad cashew nut consignment can be improved by hand picking.

HAND PICKING – means picking or removing all suspected cashew nuts such as very small nuts, light weight nuts apparently rotten, broken or wounded nuts out of the consignment.
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by chukwuwike2ny(m): 7:17am On Oct 28, 2014
Hello,

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I thought I can earn more if I increase the number of buses I'm managing. So this is an opportunity for anyone who own or want to own a 14 sitter Volkwagen Vanagon.

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And like already stated, maintenance is on us and we pay N100K per Month

This is the best offer you can get anywhere!!!

My contacts:
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08067233120
BBPin:2895029C
WhatsApp: 08111595550

Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 5:48pm On Nov 17, 2014
Specifications of processed cashew kernels.

White Wholes
W180
W210
W240
W320
W450
W500 

Scorched Wholes
SW
SW180
SW210
SW240
SW320
SW450
SW500

Dessert Wholes
SSW (Scorched wholes seconds)
DW  ( Dessert wholes)

 Brokens
White pieces
B (Butts)

S (Splits)
LWP(Large white pieces)
SWP(Small white pieces)

BB   (Baby Bits)

Scorched small pieces
SB (Scorched butts)
SS (Scorched splits)
SP (Scorched pieces)
SSP(Scorched small pieces 

Dessert pieces
SPS (Scorched pieces seconds)
DP (Dessert pieces)
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 7:48am On Dec 12, 2014
What you can do before the season begins:

1. Buy jute bags: price of jute bags is usually low now. You can start buying jute bags and keep till the season begins. The price shoots up during the season.

2. Travel to your source: if you have a particular place you want to buy from, try and visit the place before the season takes off, familarize yourself with the town, meet your suppliers and try to run a thorough background check on them discreetly.

3. If you have trustworthy suppliers, you may advance some fund to them, so you could get good buying rate at the beginning of the season. Most farmers need money to take care of their plantation between now and february, this period is a very crucial periiod for farmers especially those who don't have money to run things. So they often look for people to advance money to them or they sell their plantation to investor at a very good rate.
If you are new to the business, pls do not give money in advance, its better you do "see and buy"

4. Link up with foreign buyers: you can start looking for export deals now.

5. Try and get at least 3 local buyers (exporters) of raw cashew nuts in Nigeria: if you will be selling locally, you need to have at least 3 good buyers of cashew nuts in nigeria, most of these buyers are indian companies and are located in lagos. Although there are also individual exporters who have export contracts to service, so you may need to start linking up with prospective buyers now. Visit their offices and tell them you intend to supply them when the season takes off.

6. Start calling your uncles, aunts in the village to enquire about cashew especially if you are from any of the producing states: a lot of youth sit down in lagos doing nothing nowadays and they will be saying they are jobless, while there's treasure in the villages they left behind. There's an adage in yoruba language that says "igbe l'owo wa" (money is in the bush. Connect with them and let them know you have an interest.

7. Research: knowledge is power and nobody knows it all. Get online and do research on cashew nuts, learn from people who have knowledge about it. Read books, visit plantations, explore.

8. Start raising fund: capital is essential, if you have all d experience necessary and you don't have fund to execute it, it may affect you. Raise enough fund for the business.
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 7:11pm On Jan 10, 2015
Still selling...
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 12:11am On Jan 20, 2015
Still selling.....
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 12:35pm On Feb 02, 2015
2015 CROP !!!

1 Like

Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 11:15am On Feb 12, 2015
2015 cashew season will be flagged off on the 20th of February.
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by dav8id(m): 3:37pm On Feb 13, 2015
lomzy1:
2015 cashew season will be flagged off on the 20th of February.

i am much well ready waiting as my last year client already placing their order and more demand keep coming
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 6:59am On Feb 20, 2015
Cashew nuts trading will be officially flagged off in kogi state today. Commercial activities will commence today.

Happy trading to everyone.
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 4:52pm On Feb 24, 2015
Raw cashew nuts available for sale.
Call 07064821943
08023881557.
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by sdacosta79(m): 11:00pm On Mar 01, 2015
@lomzy1, Please contact me on seyidacosta79@yahoo.com

Seyi
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 2:02pm On Mar 16, 2015
Still selling...
Re: A Comprehensive Textbook On Cashew Nuts Trading..#2500 only by lomzy1(m): 1:38pm On Sep 10, 2015
Still selling...

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