Vietnam the world largest exporter of Raw Cashew Nuts (RCN) accounting for 58% and third 3rd largest producer of RCN after India and Ivory coast. Some provinces in Vietnam has been declared state of emergency due to unprecedented drought experienced in such region. This has necessitated demand of Nigerian RCN to skyrocket.

The Cashew Season starts in late February until June, though most farmers stock and supply all year round. The increase in demand and limited output of the nuts shows the price may be as high as N500,000 by the start of the season in February, 2017.

The season will be bumper for the farmers but i fear for the exporters who may not easily influence their foreign customers to increase the F.O.B or C.I.F cost of the nuts.

This is the best time for intending businessmen and entrepreneurs to look into cashew plantation as nearly every state in Nigeria is viable for cashew planting.

This is to a very successful cashew season ahead.

Tanzania Raw Cashew Nut price now is $1800

Tanzania RCN is more priced than the Nigerian nuts. I believe the Nigerian Cashew Association and the government would work to make this wicked trend change soon.

akinvest:
Tanzania Raw Cashew Nut price now is $1800