Cashew Nut InvestmentLagos - 9 Month(s)
Agropartnerships is a simple and secure collaborative platform that enables you to engage in profitable agribusiness opportunities from the comfort of your home. You can invest in Farms, trade in commodities, and count your profits in no time. Cashew nuts are one of Nigeria’s key commodities earning the nation around $1.5 billion in the last 3 years alone. With around 320,000 tonnes produced in 2016, Nigeria was the second-largest producer after Vietnam and accounted for 20% of global production. About Cashews History: The Cashew tree which is native to Northeastern Brazil was brought to the African continent by Portuguese traders in the 15th century. Now prevalent in over 20 countries worldwide, Vietnam, Nigeria, India and Ivory Coast now lead the pack. The harvest season for Cashew begins in February and goes on to the end of May. Cashew is mostly harvested by smallholders in Kogi, Oyo, Kwara, Enugu, Edo and a few other states. They pick the Oval shaped seed from the Cashew Apple and then dry it before selling to Aggregators.
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