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3 Reasons You Need To Start A Cashew Business(with pictures) - Business - Nairaland

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3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 9:48am On May 15, 2018
Cashew is the fastest growing agrocommodity in Nigeria but unfortunately this goldmine has not been maximized by Nigeria.

With the global demand exceeding 5 million tons valued at about 6 billion dollars.
Sustainable wealth can built with investing in this low risk and money spinning crop.

1. Over the years, the demand has always exceed the supply with the local price rising steadily from N110,000 per tonne in 2011 to N650,000 per tonne in 2017.

Only 25,000 tons out of about 200,000 tons local supply requirement was accounted for in ogbomoso,oyo state in 2016 which happens to be the best quality nut in Nigeria.

2. It is however mind boggling to note that this market is built on mostly unplanned and inherited farms.

Lower nut count per kilogram, high kernel output ratio(KOR) and better taste are the major reason why exporter prefer ogbomoso cashew. This is primarily due to climate,and the local seed quality.

Individuals that produces Cashew nut from other regions like kogi (the largest producer of cashew nut in Nigeria) prefer to bring theirs to ogbomoso to be diluted with cashew nuts grown in ogbomoso to improve the quality of their products
This is the level to which the ratings in terms of quality of ogbomoso cashew nut is.

There is fertile, arable land in ogbomoso for the cultivation of cashew. cashew cultivation is guaranteed to yield huge profit for bold and savvy investors.

The increasing high global demand for cashew from ogbomoso giving its undeniable superior quality such as lower nut per kilogram,high kernel output ratio and better taste are the reasons why cashew merchants and exporters are arriving in their droves to do business in the small town in southwest Nigeria.

It is clear to see that the ogbomoso cashew stands out with its quality and the industry stakeholders testify to its value in the international market.

It is key to note that at this point that the cashew industry in ogbomoso is still at its infancy spanning less than 10 years and have seen significant growth in the past 5 years with more international buyers trooping in driving the demand and cost of the commodity.

3. The current demand for cashew comes mainly from Asia, but the possibility for growth are boundless with technological advancement finding more use for the nut and more people turning to healthier nut consumption will see an increase in the international demand and export potential for ogbomoso cashew.

Cashew can produce its first fruit in 30 months and will continue fruiting for at least another 50 years.


We are focused in assisting investors maximize the advantage the ogbomoso terrain offers in the cashew trade globally by providing investment option especially the ones that will reduce risks and put the investors at an advantage.



Myself and some of the successful, prominent agroprenuers in Nigeria just started an online mentoring programme,
If you are a newbie who wants to explore the agribusiness industry, it's strongly advices that you join the mentorship.
it will save you a lot of stress, increase your success rate as we share our experiences,challenges and how to overcome them and make tons of money
Kindly register using the link below
https://docs.google.com/forms/d/1ig5vI2AuEgrrcKU-3i_tQz4dfjVuaIAbLdFpcDw30_g
This is our own way of assisting Nigerians interested in the business of agriculture




Read more on www.facebook.com/waleagro or you can read more through this link
https://www.nairaland.com/4493487/how-setup-establish-own-cashew




https://www.youtube.com/watch?v=deFYFdHcMFk

1 Like

Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 8:57pm On May 15, 2018
There are 2 ways to get into cashew business
1.either through farming/producing cashew nuts or through
2.Trading of cashew nut which covers local trading and international trading (export)
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 10:19am On May 16, 2018
I love farming and personally I don't like getting involved in other area of the cashew business.

There are lot of advantages you can derive from being a cashew farmer; you can determine the price as related to other crops where the price is determined by the buyer because of other crop"s perishable nature


To get started, the first thing to do is to acquire your farmland.
There are cheap farmlands you can acquire starting from N150k per acre in ogbomoso and from N250k per acre in ogun state.

You can contact me for that if you need one.

The second step is getting a good hybrid seedlings
you can watch my YouTube video to see how you can grow your own grafted seedlings.


https://www.youtube.com/watch?v=5SVWUU74gBQ

1 Like

Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 2:29pm On May 16, 2018
you can also read more of my articles on it using this link
https://www.nairaland.com/4493487/how-setup-establish-own-cashew
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by emmabillions(m): 5:14pm On May 16, 2018
thanks
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 1:13am On May 17, 2018
emmabillions:
thanks
you are welcome.
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by generaldutt: 4:58am On May 17, 2018
Commodity :cashew Nuts Kernel.
Country : TANZANIA
Season : New crop / 2018
Quantity : Base on Request
SPECIFICATION REQUIREMENTS
Quality: Out Turn Rate 48LBS to 50LBS
i)Moisture: 8 to 10% maximum
ii) Foreign Matters: 0.5% maximum
c) nut count: 180 to 200 nuts/Kg.
Packaging :25kg/50kg boxes.
W180 4,100$
W210 3,800$
W240 3,500$
W320 3,200$
Prices are slightly negotiable..
PACKING: 20FT Dry container (16 MT) or 40 FT Container (25 MT)
Delivery : FOB / CNF Dar Es Salaam
+254722737336/+254731333335

Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 10:21am On May 17, 2018
Nice
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 2:56pm On May 19, 2018
why i will advise you start from producing cashewnut than starting from cashew trading business.
further explanation coming soon
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 9:33pm On May 19, 2018
My Experience on cashew
It is better to have a cashew farm where you can source your cashew from than just buying from random sellers expecting to resell to other large exporter.
I had some pretty bad experience recently buying some cashew nut from the farmers. After purchase,drying, we weigh, bagging and storing.
Days after storing, I discovered that the weight keep reducing.
a 80kg cashew might have lost up to 70kg within days.
so I called everybody and told them we need to find what is really happening.
We later discover that most of these farmers plucked the cashew nut before its ripened, so the more they are dried, the more they loose weight.

if you are a farmer, you will be able to track your the source and determine the quality compare to buying them from source you don't know


https://www.youtube.com/watch?v=deFYFdHcMFk

1 Like 1 Share

Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 2:18pm On May 20, 2018
Happy Sunday and happy new week people. Take every opportunity that comes this week. opportunity once lost may never be regained.
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by agrobiz873: 11:49pm On May 20, 2018
Do you have cashew nut for sale?
and how much do you sell farmland in ogun state?

Do you advise one out rightly buy a cashew farm instead of cultivating from the scratch?

Are you fully into exportation?
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 8:52am On May 21, 2018
Failures are there to train us and guide us to our successful destination, Failing is not the end, it's a means to the destination.
Never give up, keep pushing and no distant time, you will get there.
Good morning.
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 6:22pm On May 21, 2018
agrobiz873:
Do you have cashew nut for sale?
and how much do you sell farmland in ogun state?

Do you advise one out rightly buy a cashew farm instead of cultivating from the scratch?

Are you fully into exportation?
We have farmland for sale both in ogun state and ogbomoso.
Kindly contact me on 08164628081
I will advice you start your own cashew farm from the scratch
I will give my reasons later
Regards
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 9:30pm On May 21, 2018
agrobiz873:
Do you have cashew nut for sale?
and how much do you sell farmland in ogun state?

Do you advise one out rightly buy a cashew farm instead of cultivating from the scratch?

Are you fully into exportation?
Yes, we are into exportation
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by fabraham(m): 5:26am On May 22, 2018
More like 3 reasons you need to buy Ogbomosho cashew nuts.
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 8:54am On May 22, 2018
fabraham:
More like 3 reasons you need to buy Ogbomosho cashew nuts.

Although ogbomoso produce the best cashew nut in the world,and command a premium price in the cashewnut market;
Nevertheless,ogbomoso is not the only place where cashew is being produce in Nigeria and I am not saying you should buy or farm cashew only in ogbomoso.

Cashew are being produce in ogun,nassarawa,abuja,kogi etc but the purpose of this thread is to provide real time information on where you can get the best, or farm the best nuts.

The general condition in ogbomoso is still favorable to cashew nut than any other place; from the cheaper farmland, to the weather condition to the good quality local seeds etc.

I hope you get my drift.

2 Likes

Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 11:50am On May 22, 2018
Use your time wisely. Time once lost can never be regained.

Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by nou143428643: 2:10pm On May 22, 2018
We have over 40metric tonnes of cashew at Kogi state AYIMGBA for sell moisture 10% price 380k pay and carry
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 9:09pm On May 22, 2018
ok
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 9:19am On May 23, 2018
https://www.nairaland.com/4489868/free-1-month-agribusiness-training
Read my thread and register for our free training coming up next month.
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 7:45am On May 24, 2018
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 2:13pm On May 24, 2018
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 7:59pm On May 24, 2018
No doubt about it, cashew business remains the fastest agrocommodity business in nigeria.
With local price on the increase from N110,000 per ton in 2011 and reached N650,000 per ton this year.


It also provide major foreign exchange for the country last year and expected to generate $880 million for cashew farmers in Nigeria this year alone.

Unfortunately, the massive opportunities in the cashew industry is yet to be maximised.

The video below on my YouTube page will shed more insights into how you can maximise the opportunities in cashew farming business.


https://www.youtube.com/watch?v=PSFrHEVV7ak
if you gain useful information on this videos, you can subscribe or like my page on www.facebook.com/waleagro
Regards.

1 Like

Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 7:57am On May 26, 2018
Go for your dream. Act now!!! Good morning
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 8:25am On May 27, 2018

https://www.youtube.com/watch?v=PSFrHEVV7ak Kindly subscribe to my page on youtube Thanks
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 7:44am On May 28, 2018
Nobody succeed alone. You need to create and maintain right relationship. relationship are costly Be wise
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by raphaeladex: 8:41pm On May 28, 2018
500 tons of cashew are available. kindly DM me for more Info Thanks
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 10:07pm On May 29, 2018
raphaeladex:
500 tons of cashew are available. kindly DM me for more Info Thanks
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by Lesgupnigeria(m): 12:08pm On May 30, 2018
raphaeladex:
500 tons of cashew are available. kindly DM me for more Info Thanks
What are the specifications of the cashewnut?
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by whirlwind7(m): 3:14pm On May 30, 2018
Lesgupnigeria:


Although ogbomoso produce the best cashew nut in the world,and command a premium price in the cashewnut market;
Nevertheless,ogbomoso is not the only place where cashew is being produce in Nigeria and I am not saying you should buy or farm cashew only in ogbomoso.

Cashew are being produce in ogun,nassarawa,abuja,kogi etc but the purpose of this thread is to provide real time information on where you can get the best, or farm the best nuts.

The general condition in ogbomoso is still favorable to cashew nut than any other place; from the cheaper farmland, to the weather condition to the good quality local seeds etc.

I hope you get my drift.

A honest observation here, bro.

Despite the claims that the demand for cashew nut is high, why is it that many folks keep advertising cashew nuts for sale on almost every cashew thread?
Take for instance, the person you quoted above, who is looking for buyer for 500 tons!

I'm seeking your honest opinion. Not being cynical.
Re: 3 Reasons You Need To Start A Cashew Business(with pictures) by divinespark: 5:01pm On May 30, 2018
Lesgupnigeria:

Cashew is the fastest growing agrocommodity in Nigeria but unfortunately this goldmine has not been maximized by Nigeria.

With the global demand exceeding 5 million tons valued at about 6 billion dollars.
Sustainable wealth can built with investing in this low risk and money spinning crop.

1. Over the years, the demand has always exceed the supply with the local price rising steadily from N110,000 per tonne in 2011 to N650,000 per tonne in 2017.

Only 25,000 tons out of about 200,000 tons local supply requirement was accounted for in ogbomoso,oyo state in 2016 which happens to be the best quality nut in Nigeria.

2. It is however mind boggling to note that this market is built on mostly unplanned and inherited farms.

Lower nut count per kilogram, high kernel output ratio(KOR) and better taste are the major reason why exporter prefer ogbomoso cashew. This is primarily due to climate,and the local seed quality.

Individuals that produces Cashew nut from other regions like kogi (the largest producer of cashew nut in Nigeria) prefer to bring theirs to ogbomoso to be diluted with cashew nuts grown in ogbomoso to improve the quality of their products
This is the level to which the ratings in terms of quality of ogbomoso cashew nut is.

There is fertile, arable land in ogbomoso for the cultivation of cashew. cashew cultivation is guaranteed to yield huge profit for bold and savvy investors.

The increasing high global demand for cashew from ogbomoso giving its undeniable superior quality such as lower nut per kilogram,high kernel output ratio and better taste are the reasons why cashew merchants and exporters are arriving in their droves to do business in the small town in southwest Nigeria.

It is clear to see that the ogbomoso cashew stands out with its quality and the industry stakeholders testify to its value in the international market.

It is key to note that at this point that the cashew industry in ogbomoso is still at its infancy spanning less than 10 years and have seen significant growth in the past 5 years with more international buyers trooping in driving the demand and cost of the commodity.

3. The current demand for cashew comes mainly from Asia, but the possibility for growth are boundless with technological advancement finding more use for the nut and more people turning to healthier nut consumption will see an increase in the international demand and export potential for ogbomoso cashew.

Cashew can produce its first fruit in 30 months and will continue fruiting for at least another 50 years.


We are focused in assisting investors maximize the advantage the ogbomoso terrain offers in the cashew trade globally by providing investment option especially the ones that will reduce risks and put the investors at an advantage.

Read more on www.facebook.com/waleagro or you can read more through this link
https://www.nairaland.com/4493487/how-setup-establish-own-cashew
Folks, have you mastered the contemporary dynamics of cashew nuts export to avoid being defrauded by the foreign buyers? Click on the first link on my signature for details?

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