I welcome everyone to this new thread; International Trade Business (Import and Export).

May this year brings tons of goods things to every one of us.

On this thread, I will be taking us through all we need to know as far exporting (non-oil products) from Nigeria is concern and how we all can benefit and make good fortune from the 2018 export prospects.

I will also be taking time to demystify the import process and address some issues faced by importer from time to time.

Once again, I welcome everyone as we explore the opportunities in international trade business.

Do have a peaceful, purposeful and prosperous year ahead.

great am interested

Wasere

Bro, continue i'm all ears.

Thanks for this. Waiting for you.
Kindly help with information on how to get product videos customized for marketing like this:

https://www.facebook.com/wownigeria/videos/1196412683824682/

It appears suppliers/manufacturers make these videos for wholesalers.

Raw Cashew Nut Export:

We are opening this thread with discussion on raw Cashew Nut export and as we all know that we are just entering into 2018 cashew season, it would be wise for us to look at this subject together so that those of us that are interested in this business can take advantage of it.

The flag off will take place in Oyo state very likely this week and this would be the determining factor for the local price (per tonne or per kg) of Cashew Nut the season.

Cashew business is a very lucrative business and one can make money from it as a farmer, agent, supplier and/or as exporter. For exporters, these set of people are the one that would be making a lot of money in the business considering the current exchange rate.

Just this week, The National Cashew Association of Nigeria, NCAN, said Nigeria earned N144.7 billion ($402 million) from the export of raw cashew nuts to Vietnam and other countries in 2017.

Mr. Sotonye Anga, the spokesperson for the association, said that 220,000 tonnes of raw cashew nuts were exported to Vietnam, India and China between February and December 2017.

Cashew production in Nigeria for 2015 was 160,000 tonnes, which fetched the country 152 million U.S. dollars (about N57.6 billion) revenue. In 2016, we exported 185,000 tonnes of cashew nuts and earned 259 million dollars (aboutN93.2 billion),” Anga said.
Cashew export has its intricacies and for you to be able to partake of the immense opportunities in this business there are vital things you need to know.

When going into export of any item, be it agro commodities, solid minerals, semi-finished or finished products, there are a few things one need to bear in mind and this would be stated on the sales contract signed between the exporter (seller) &the importer (buyer) and would form the basis of transaction between both parties.(….. detailed discussion on Export Sales Contract will be done later)

Some of which are:
Product description, Quality Specifications, Quantity, Packaging, Pricing, Origin, Port of loading & Port of Discharge, Shipping documents, Payment term and Payment method to mention a few.
For the purpose of cashew nut export this season, we would be discussing one of this items which is ‘Quality Specifications’

Ololanla:
I welcome everyone to this new thread; International Trade Business (Import and Export).

May this year brings tons of goods things to every one of us.

On this thread, I will be taking us through all we need to know as far exporting (non-oil products) from Nigeria is concern and how we all can benefit and make good fortune from the 2018 export prospects.

I will also be taking time to demystify the import process and address some issues faced by importer from time to time.

Once again, I welcome everyone as we explore the opportunities in international trade business.

Do have a peaceful, purposeful and prosperous year ahead.

Have you heard this? Many Nigerian exporters have been defrauded of huge amount of money in the process of exporting commodities to foreign countries. Do you know why? They were not trained on export operations, management, documentations and the best methods of payment in export trade. This is terrible!!! Nigerians cannot continue to lose money to foreigners in the course of export business. Exporters, why don’t you get a practical manual that teaches the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers. It teaches export operations, export management, export documentations and methods of payment in export trade? It is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on the link below:
http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

jamil2000:
great am interested

Have you heard this? Many Nigerian exporters have been defrauded of huge amount of money in the process of exporting commodities to foreign countries. Do you know why? They were not trained on export operations, management, documentations and the best methods of payment in export trade. This is terrible!!! Nigerians cannot continue to lose money to foreigners in the course of export business. Exporters, why don’t you get a practical manual that teaches the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers. It teaches export operations, export management, export documentations and methods of payment in export trade? It is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on the link below:
http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

Rhodiumic:
Bro, continue i'm all ears.

Have you heard this? Many Nigerian exporters have been defrauded of huge amount of money in the process of exporting commodities to foreign countries. Do you know why? They were not trained on export operations, management, documentations and the best methods of payment in export trade. This is terrible!!! Nigerians cannot continue to lose money to foreigners in the course of export business. Exporters, why don’t you get a practical manual that teaches the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers. It teaches export operations, export management, export documentations and methods of payment in export trade? It is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on the link below:
http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

Am quite aware of that and that's one of the things we are here to address. Stop jumping the gun and be careful of the kind of link you drop here in order not for you to derail the thread. Thanks

inspirational93:

Have you heard this? Many Nigerian exporters have been defrauded of huge amount of money in the process of exporting commodities to foreign countries. Do you know why? They were not trained on export operations, management, documentations and the best methods of payment in export trade. This is terrible!!! Nigerians cannot continue to lose money to foreigners in the course of export business. Exporters, why don’t you get a practical manual that teaches the stages of export trade from processing and packaging of commodities to receipt of payment by the foreign buyers. It teaches export operations, export management, export documentations and methods of payment in export trade? It is a contemporary step-by-step guide to export trade. It tells all the contemporary dynamics in export trade. To get it, click on the link below:
http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

RAW CASHEW NUT - Quality Specification
Just like most agric commodities, Cashew nuts meant for export must be well died and free from impurities and unwanted matters.
Quality Specifications is one of the most important items on export sales contract because this is what determines how much the buyer is going pay for your product.
The following are the parameters used to measure raw cashew nut quality.

Nut Counts
Simply put, Nut Count is the number of nut in 1kg of Cashew nut. It ranges from 170 to 230 counts, 170 being the best quality while 230 is poor quality.
170 ……………….. ………..EXCELLENT
180 – 190 ……………….. VERY GOOD
190 – 200 ……………….. GOOD
200 – 210 ……………….. AVERAGE
210 – 220 ………………. BELOW AVERAGE
230 AND ABOVE ………………. POOR
It is worthy to note that most foreign buyers prefer between 170 and 200 nut counts.
In Nigeria, the nut count per 1kg sample varies from zone to zone. While zones like Ogbomosho has between 170 and 185, others zones falls between 190 and 230. Ogbomosho is known to have the best quality and a lot of buyer prefers Cashew nuts from this location.

Kernel Output Ratio (KOR)/Out-turn
It is the quality of good nut (as there would always be defective ones) from 80kg of raw cashew nuts. It means a number of usable kernels after de-shelling the nuts. Out-turn is measured in lbs quality in terms of one bag of 80 kg of raw cashew nuts.
In general,
An excellent out turn is 48 – 53 lbs.
A good out-turn is 43 – 48 lbs.
Less than 43 lbs is a poor grade and are usually rejected.

Moisture
Most export contract would state that moisture content should be maximum of 10%. So, exporters must ensure the product is well dried before bagging and loading for shipment.

Defective Nuts
Defective nuts are the ones that are diseased as a result of fungi infection which is seen in form of black or brown spot when the kernel is split. This is cause by high moisture in the nut due to improper drying and improper storage.
The percentage of defective nut acceptable by most foreign buyers is between 8 and 10% max.

Foreign Matters
These are unwanted matters like broken sticks, leaves sand, stack etc. The maximum amount of foreign matter allowed by most buyers is 10%.
NB: These parameters are what any intending exporter should consider before buyer raw cashew nut from any of the locations in Nigeria.


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[b][/b] thanks bro,but how can we. know when you re coming to train us especially in Lagos.....

For update on Import and export business in Nigeria, join the experts on Inspiration FM 92.3 every Thursday by 5pm. Powered by Sterling bank Plc... #importexporthelpline

[quote authasor=Ololanla post=64308518]For update on Import and export business in Nigeria, join the experts on Inspiration FM 92.3 every Thursday by 5pm. Powered by Sterling bank Plc... #importexporthelpline [/quote]

Good work bro. Does inspiration FM stream online am in kogi I deal raw cashew nuts from there and would like to listen in. Pls when is the season flag off ceremony