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, pls contact 08023881557, 07064821943, bimbolajide@hotmail.com

more pics

more pics

Earn millions consulting for companies.Click the signature below.

Welldone lomzy.How long have you been in the biz?

@ tom, 3 years now.

E-mail me the financial s and details.

chines4: E-mail me the financial s and details.

I never asked for any financial aid or assistance. If u need more details, I advise u buy the book I wrote: A COMPREHENSIVE TEXTBOOK ON CASHEW NUTS TRADING. It will be very useful and helpful.

A COMPREHENSIVE TEXTBOOK ON CASHEW NUTS TRADING.
PLS FOLLOW THIS LINK TO ORDER YOURS:
https://www.nairaland.com/1090563/comprehensive-textbook-cashew-nuts-trading..now

07064821943.

call 07064821943.. For more details

A COMPREHENSIVE TEXTBOOK ON CASHEW NUTS TRADING:
FOLLOW THIS LINK TO ORDER:
https://www.nairaland.com/1090563/comprehensive-textbook-cashew-nuts-trading..now

D season is around d corner. Start d necessary arrangements now.

A COMPREHENSIVE TEXTBOOK ON CASHEW NUTS TRADING.
PLS FOLLOW THIS LINK TO ORDER YOURS:
https://www.nairaland.com/1090563/comprehensive-textbook-cashew-nuts-trading..now

07064821943.

..

I recommend my new book. A COMPREHINVE HANDBOOK ON CASHEW NUTS TRADING to u guys. It will be helpful to anyone who wants to go into cashew biz. See link below:
https://www.nairaland.com/1090563/comprehensive-handbook-cashew-nuts-trading..n1000

The nuts are coming out already. Commercial activities will commence towards d end of february or early march from my observations.
The cashew nuts are germinating gradually.. Some parts of d country are already harvesting in bits but not in commercial quantity. Just for local consumption of d cashew apple. I ploughed d apple recently in one of my visits to a local farm. Its funny how peeople don't care abt cashew apples anymore, some even throw it away and keep d nuts! Its all abt d benjamins!!
I wish everybody success in d trade dis season.
Keep to my little advise in d report. Start planing now and don't be tempted by ridiculos price offer by some sellers.. Some of them will offer you a very low price dats ridiculous.. You may end up getting nothing. Also try to check all d nuts u wanna buy. If they r already in bags.. Pour them out, grade them by weighing it again, then re bag them.. To be sure they are not mixed with foreign materials/objects like stones, sand, metals etc.
Buy ur own scale. Its very important.. If not, u might be buying a 70kg bag for a 80kg bag. Those sellers knohow to achieve that even while you are present.. They know their scale better.
Let ur level of trust be minimal. Sometimes u may need ttrust some people to some extent.. But u should trust ur instinct more than anyone else. Do not giv money to strangers unless u are with d person 24/7.
I have gotten to a stage I can give some ppl money to go to d farms to source d nuts for me and buy @ farm rates.. But these are people av been dealing with for years.. Even @ dat I still take some precautionary methods when giving them money. I make dem sign an agreement.
I'l strongly advise anyone interested in cashew nuts trading to buy my book "A COMPREHENSIVE TEXTBOOK ON CASHEW NUTS TRADING" its still selling hot!

For partnership, consultancy and enquiries: 07064821943.

God has been soooo good to me. Lord I thank u for this beautiful and fruitful day.

Commercial activities have gradually started in some area. Intending investors may enter d market now. D price of d cashew nuts will be low compared to when full comercial activity comences.

E mail cashewguru1@gmail.com for any enquiry

The nuts are coming out already. Commercial activities will commence towards d end of february or early march from my observations.
The cashew nuts are germinating gradually.. Some parts of d country are already harvesting in bits but not in commercial quantity. Just for local consumption of d cashew apple. I ploughed d apple recently in one of my visits to a local farm. Its funny how peeople don't care abt cashew apples anymore, some even throw it away and keep d nuts! Its all abt d benjamins!!
I wish everybody success in d trade dis season.

Keep to my little advise in d "FREE REPORT ON CASHEW NUTS TRADING.. DON'T START D BUSINESS WITHOUT READING THIS" I posted in d business section (check d advert and business to business sections), if u cannot purchase my e book " A COMPREHENSIVE TEXTBOOK ON CASHEW NUTS TRADING".

Start planing now and don't be tempted by ridiculous price offer by some sellers.. Some of them will offer you a very low price dats ridiculous.. You may end up getting nothing. Also try to check all d nuts u wanna buy. If they r already in bags.. Pour them out, grade them by weighing it again, then re bag them.. To be sure they are not mixed with foreign materials/objects like stones, sand, metals to make up d weight etc.
Buy ur own scale. Its very important.. If not, u might be buying a 70kg bag for a 80kg bag. Those sellers know how to achieve that even while you are present.. They know their scale better.

Let ur level of trust be minimal. Sometimes u may need to trust some people to some extent.. But u should trust ur instinct more than anyone else. Do not giv money to strangers unless u are with d person 24/7.
I have gotten to a stage I can give some ppl money to go to d farms to source d nuts for me and buy @ farm rates.. But these are people av been dealing with for years.. Even @ dat I still take some precautionary methods when giving them money. I make them sign an agreement.
Even ppl who av been in business for donkey years cld stil loose money.
Try as much as possible to monitor each process of d transaction.

You may also go for "SEE and BUY". Its d most convinent way of getting d nuts without going through much stress. But u buy @ a higher rate. Also becareful of the see and buy guys, there are bad eggs among them also.

Start visiting the places u want to source from btw now and february. Get familiar with the place, try and associate urself with the locals and make enquiries abt ur mission to the town. U may be lucky to meet d right person. Nothing is impossible. Pls note that there are also good people around who could be trustworthy. U can never know, some arrangements cld be divine.. So be prayerful and ask for God direction always.

U can also start purchasing jute bags now.. U can still get at cheap rates now compared to when d season commences. D demand will be high and price will increase.
Start connecting with foreign buyers now. Becareful with d terms of agreement u enter with foreign buyers.. It is very important. Most of these importers are "ruthless" and fraudlent, they always look for loopholes in agreement to get at u. U may end up loosing everything.

I'l keep u guys posted on this thread. For more enquiries: 07064821943. BB pin: 3247C0DF (blink hair)
To order for the book, pls visit this link:

Commercial activities has already begun in some states. Intending investors may commence procurement of d cashew nuts now. Price is usually low now but d nuts are limited..

Cashew nuts available for Vietnam and Indian importers...(Ogbomosho spec)...kindly contact +2348077881934, Skype: alarape.lanre2

The National flag off for 2016 Cashew season has been scheduled to hold on the 29th of february, in ilorin, at the kwara state banquet hall.
Time: 9 am prompt.
It has been postponed from 15th.

I need cashew nuts in stock only!...load and pay basis only!!...call 08026225888

Happy new year. Watch out for 2017 cashew nut season.

.......

......

CHECK OUT MY EBOOK ON CASHEW :

1. A COMPREHENSIVE TEXTBOOK ON CASHEW NUTS TRADING = #2500 (TWO THOUSAND FIVE HUNDRED NAIRA ONLY)

2. BUSINESS PLAN AND PROPOSAL ON CASHEW NUTS TRADING FOR LOCAL TRADERS, IMPORTERS & EXPORTERS = #4000 (FOUR THOUSAND NAIRA ONLY)

CALL 07064821943 (WHATSAPP)
08023881557..........

CHECK OUT MY EBOOK ON CASHEW :

1. A COMPREHENSIVE TEXTBOOK ON CASHEW NUTS TRADING = #2500 (TWO THOUSAND FIVE HUNDRED NAIRA ONLY)

2. BUSINESS PLAN AND PROPOSAL ON CASHEW NUTS TRADING FOR LOCAL TRADERS, IMPORTERS & EXPORTERS = #4000 (FOUR THOUSAND NAIRA ONLY)

CALL 07064821943 (WHATSAPP)
08023881557......

.......