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

dube4peace: my community in Dekina local government of kogi state,is the highest cashew nut producing area in africa,we can produce millions tons of quality cashew nut yearly.I look forward to do business with any exporter who need much quantity. for business call +2348058181632 or email dube4peace@gmail.com

My brother. Thanks for ur comment. With all due respect sir..The whole of Nigeria don't even produce a million tons of cashews.. Ur ascertion of ur community producing millions of tons is wrong sir.

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

Due to popular demand by people i mentored and tutored on cashew nuts trading in Nigeria, also several accolades, phone calls/feedback i received from nairalanders in respect of my post on nairaland titled 'FREE REPORT ON CASHEW NUTS BUSINESS"..https://www.nairaland.com/883892/free-report-cashew-nuts-biz#10308229
https://www.nairaland.com/883123/free-report-cashew-nuts-biz#10301499

I have decided to publish this book so everybody can learn the trade, maximize profit and minimize loss. i have mentored and tutored about 64 people (male and female) on cashew nuts trading since i posted the free report..
i have had one on one trainings with several people. the one on one training is on-going and the fee is N10,000.

this new book has been written for everybody and the price is fair enough for anybody who wants to go into cashew NUTS business as an agent, broker or investor. the little token you will pay for this book can make d difference in ur business if u follow the information in the book.


[b]PLS SEE THE CONTENT BELOW:

PART 1 (LOCAL SUPPLIES)
1. INTRODUCTION
2. ABOUT CASHEW NUTS
3. CASHEW NUTS BUSINESS IN NIGERIA
4. WHERE TO PROCURE CASHEW NUTS IN NIGERIA
5. HOW TO DETERMINE THE QUALITY
6. PROCESSING AND PACKAGING
7. LOCAL BUYERS/EXPORTERS IN NIGERIA
8. HOW TO NEGOTIATE WITH BUYERS/EXPORTERS IN NIGERIA

PART 2 (EXPORT)
1. EXPORTING CASHEW NUTS
2. TERMS INVOLVED IN EXPORT
3. DOCUMENTS REQUIRED FOR EXPORT
4. CHOOSING A SHIPPING COMPANY
5. CHOOSING A SHIPPING AGENT
6. MODE OF PAYMENT
7. HOW TO GET FOREIGN BUYERS
8. FIXING A PRICE
9. HOW TO WRITE PROPOSAL LETTERS TO FOREIGN BUYERS

PART 3
1. HOW TO RAISE FUND/CAPITAL TO FINANCE CASHEW NUTS TRADING
2. SAMPLE OF A PROPOSAL LETTER TO FOREIGN BUYERS
3. SAMPLE OF A QUOTATION FOR CASHEW NUTS TO LOCAL BUYERS/EXPORTERS IN NIGERIA
4. SAMPLE OF A QUOTATION FOR CASHEW NUTS FOR EXPORT
5. WHERE YOU CAN GET FOREIGN BUYERS ONLINE
6. NAMES AND ADDRESSES OF BUYERS IN NIGERIA
7. TERMINOLOGY
8. FRAUD ALERT.

HOW TO ORDER
PRICE: N2000 (TW0 THOUSAND NAIRA ONLY) FOR PDF COPY
N2500 (TW0 THOUSAND FIVE HUNDRED NAIRA ONLY TO RECEIVE VIA COURIER)

1. YOU CAN ORDER A PDF COPY ONLINE FOR N2000 (TW0 THOUSAND NAIRA ONLY) BY PAYING INTO THE FOLLOWING BANK DETAILS OR YOU PAY N2500 (TW0 THOUSAND FIVE HUNDRED NAIRA ONLY) AND WE DELIVER TO YOU BY COURIER ANYWHERE YOU ARE.

1. PAY INTO THE FOLLOWING ACCOUNT:

ACCT NAME: BIMBO OLAJIDE
ACCT NUM: 1003367163
BANK: U.B.A

AFTER PAYMENT IS MADE..PLS SEND YOUR NAME,E MAIL ADDRESS & DEPOSIT SLIP NUMBER AND AMOUNT PAID TO 07064821943 OR 08023881557.

PHONE NUMBERS (FOR MORE DETAILS): 07064821943, 08023881557. EMAIL : cashewguru1@gmail.com
PLS NOTE: Delivery takes place after payment is confirmed.
YOU CANT GET THESE DETAILS ELSEWHERE. its everything you need to know about cashew nuts trading. if you follow the information in this book , you will definitely excel and maximize your profit. they wont teach you half of this in seminars. take good advantage of this opportunity.
LIMITED COPIES ARE AVAILABLE.
GOD BLESS YOU.

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 importes and exporters 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 monitor 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 gained 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

People should beware when buying cashew nuts. Price of wet nuts is usually lower than sun dried nuts.
Most buyers prefer well sun dried nuts. The quality of d nuts also determines d price to a large extent.
What u would pay for cashew nuts that have 50 kor is usually higher than what u would pay for 45kor. Also when selling.. Its d higher d quality, d higher d price u sell.

So how do u determine the quality?
Find the answer in my book: https://www.nairaland.com/1090563/comprehensive-textbook-cashew-nuts-trading..now

People should beware when buying cashew nuts. Price of wet nuts is usually lower than sun dried nuts.
Most buyers prefer well sun dried nuts. The quality of d nuts also determines d price to a large extent.
What u would pay for cashew nuts that have 50 kor is usually higher than what u would pay for 45kor. Also when selling.. Its d higher d quality, d higher d price u sell.

So how do u determine the quality?
Find the answer in my book: https://www.nairaland.com/1090563/comprehensive-textbook-cashew-nuts-trading..now

Sundried raw cashew nut is highly available serious buyer can call me.08035144473.thanks to mr bimbo may God bless you.

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.

cashew nut is almost out of season but trading is still on going. the price of cashew nut is low at the moment... the quality has also dropped. it is advisable to go for export trade rather than local. but terms and conditions must be agreed by both parties before the transaction.
local trade may not give good returns on investment now.. the ROI on export trade may also be minimal but it all depends on your prospective buyer.

GOOD DAY AND COMPLIMENTS.PLEASE I AM A NEW AND INTERESTED IN CASHEW EXPOR. KINDLY LET ME KNOW HOW TO START. THE NECESSARY PROCEEDURE TO CROSS AND BECOME AN EXPORTER IN NIGERIA. ALSO WILL LIKE TO KNOW THE DETAILED BREAK DOWN OF PRICE OF ONE KILO OR ONE TON AND HOW MANY TON CAN BE PACKAGED IN A 20 AND 40 FEET CONTAINERS. MY EMAIL IS ifantukas@gmail.com. Thank you.

GOOD DAY AND COMPLIMENTS.PLEASE I AM A NEW AND INTERESTED IN CASHEW EXPOR. KINDLY LET ME KNOW HOW TO START. THE NECESSARY PROCEEDURE TO CROSS AND BECOME AN EXPORTER IN NIGERIA. ALSO WILL LIKE TO KNOW THE DETAILED BREAK DOWN OF PRICE OF ONE KILO OR ONE TON AND HOW MANY TON CAN BE PACKAGED IN A 20 AND 40 FEET CONTAINERS. MY EMAIL IS ifantukas@gmail.com. Thank you.

Fist crop raw cashew nut is highly available in our store, serious buyer can contact me:adebagboabass@yahoo.com or call +23408035144473,08051137297

Peeps.. Start preparing for next season. Next season kicks of by feb or marxh 2014.
Start making researches and also try to learn more about the trade. Knowledge is power. Supplying locally is not advisable now.. Most buying companies are not buying at the moment, but you could still be lucky to get individual exporters who have export contract to service.. They are your best bet now. Otherwise you export by yourself.

I am speechless! What a wonderful article. May God bless you for sharing this. I have wanted to go into cashew nuts business for long because we have a large cashew farm in my village. I have attended several seminars but I am bold to tell you that I didn't gain much from any.
I felt so good reading your piece. Its so simple and loaded.. Thank God for google, I wouldn't have been to this website.
Please tell me how to have a one on one training with you. I have a lot of questions to ask you sir. I want to know if we can partner together.
God bless you sir.

thappy78: I am speechless! What a wonderful article. May God bless you for sharing this. I have wanted to go into cashew nuts business for long because we have a large cashew farm in my village. I have attended several seminars but I am bold to tell you that I didn't gain much from any.
I felt so good reading your piece. Its so simple and loaded.. Thank God for google, I wouldn't have been to this website.
Please tell me how to have a one on one training with you. I have a lot of questions to ask you sir. I want to know if we can partner together.
God bless you sir.

you can reach me on 07064821943. thanks for the compliments... God bless u too.

.

Anyone here with ability to supply cashew kernels of the following grades: white wholes W-320, W-450; scorched whole SW-320; and fancy splits FS? If u can handle this, do respond asap.

TatloServices:
Anyone here with ability to supply cashew kernels of the following grades: white wholes W-320, W-450; scorched whole SW-320; and fancy splits FS? If u can handle this, do respond asap.

you can call 08023881557 for details.

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.

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)

Cashew season is around the corner..
Watch this space for updates and market analysis.

The first crops are coming out gradually.. 2015 season should fully commence by february ending.
We patiently await the 2015 flag off soon........

2015 CROP !!!

lomzy1:
2015 CROP !!!

nice job here..we are fully ready and waiting for the season to start..

my source are .LAFIA AND KEFFI

2015 cashew season will be flagged off on the 20th of this month.

Cashew nuts trading will be officially flagged off in kogi state today. Commercial activities will commence today.

Happy trading to everyone.

Raw cashew nuts available for sale.
Call 07064821943
08023881557.

lomzy1:
Raw cashew nuts available for sale.
Call 07064821943
08023881557.

What is your BBM pin?

papalumi29:


What is your BBM pin?

30D4CD77

We expect price of cashew nuts to crash by next week hopefully.