₦airaland Forum

10 reasons Why Cashew nuts are so Expensive

Cashews are one of the world's most delicious nuts, but did you know they're also one of the most expensive? It should come as no surprise that eating roasted, salted, or plain cashews is pure bliss, but what makes this rich, crunchy, silky nut so expensive? The factors influencing cashew nut price have created a situation in which cashews sell at a premium.
1. Extraction Is Difficult And Risky
Cashew nuts are popular for their flavor and texture, but the extraction process is so difficult and dangerous that touching them with bare hands can be dangerous. Cashews are typically grown in tropical areas such as Nigeria, Ghana, India, Vietnam, the Ivory Coast, and Sri Lanka.
The shell that surrounds cashew seeds contains toxic oils known as Anacardic acid. The pepper-like shells are extracted by hand, making the extraction process even more difficult. Poison ivy is a common source of anacardic acid.
The cashew tree is related to poison ivy, which is why the secretion from cashew shell is poisonous, and cashew plants, like poison ivy, contain a compound called Urushiol. This compound can be found in the brown oil contained within the cashew shell. It is so dangerous that it can cause blisters, burns, and allergic reactions. This is why eating raw cashews can be dangerous and even fatal in some cases. Cashews must be properly processed before they can be eaten, but the majority of the extraction and processing is done by hand, making this a difficult task!
2. Cashews are a foreign import in most countries.
Cashew trees can only grow in tropical climates, which means they are not suitable for the vast majority of the world's countries. Countries that do not have tropical climates must import cashews from tropical countries that have become major cashew exporters: Vietnam, India, Ivory Coast, Benin, Guinea-Bissau, Cape Verde, Tanzania, Mozambique, Nigeria, Indonesia, and Brazil. To complicate matters further, it takes two to three months for a cashew fruit to produce a cashew seed or cashew nuts suitable for human consumption. As a result, cashews are becoming increasingly scarce in a world that craves them.
3. Cashew Processing Is Dangerous
The cashew seed is encased in a shell that contains toxic oils such as anacardic acid. This is the same acid that can be found in poison ivy. The oils in the shell irritate the skin of the workers who process the seeds. Roasting the cashew nuts to destroy the toxins is also risky because the toxins are released into the air. Following the removal of the toxins, the cashews must be graded and sorted. The entire process is time-consuming and dangerous, which explains why cashews are so expensive.
Beyond the Nut ensures that each worker has the necessary protective equipment to process the cashews safely and efficiently. Furthermore, repeated exposure to cashew shell oil will deteriorate the protective equipment, which must be replaced to ensure the workers' safety. Other countries and companies reduce or ignore worker safety equipment, incurring a high cost in terms of workers and their quality of life.
4. Supply and demand have an impact on prices.
Cashew processing companies have consistently reported a poor crop season, resulting in a significant reduction in the number of cashews available. Complicating matters was the fact that cashew demand continued to rise year after year. Cashew nut prices rose as a result of the combination of low supply and high demand. This trend may cause additional complications in the coming years, when cashews are expected to account for 37.8 percent of the global nut market.
5. Their nutritive worth
The nutritional value of cashews is one of the reasons they are so popular around the world. Several studies have praised cashews for their benefits, which include lowering bad cholesterol, boosting the immune system, and fortifying muscles and nerves. Cashews are a popular snack even during times of surplus due to their health benefits.

6. The prices of middlemen and market women are added together.
From the producer (owner of the orchard) to the consumer, the product changes hands, and the price rises with each step until the final product reaches the consumer.

7. Low end-product yield
The cashew kernel weighs only 25% of the raw nut weight. As a result, 75 percent is wasted in the process of making it edible. As a result, it necessitates a large amount of raw material. This raises the price.
8. Extensive demand
Cashew is a high-quality nut. Because supply is limited and demand is high, prices are high.
9. In general, all dry fruits are expensive.
The input to output ratio of cashew is 4:1. Furthermore, raw cashew nut is expensive from the farm gate, making cashew kernel expensive.
10. It is not grown in every country like peanuts.
Cashew is grown in only a few countries. Mozambique, Tanzania, and Kenya are examples of such countries. Senegal, Guinea Bissau, Guinea Conakry, Burkina Faso, Gambia, Côte d'Ivoire, Ghana, Togo, Benin, Brazil, India, Indonesia, Vietnam, and Cambodia are among the countries represented. As a result, its production is also limited. Any disruption in production in these countries will have an impact on the price of the product in the global market.

https://thenewkokoro.com/2021/12/25/10-reasons-why-cashew-nuts-are-so-expensive/

Nigeria currently processes less than 5% of its total cashew exports, resulting in an annual estimated loss of N1.5 billion to the country. This means that the country exports approximately 95 percent of its total cashew nut output unprocessed. The cashew industry's biggest opportunity is processing, and the industry is ready to be tapped.

The money is in processing, but very little cashew is processed in Nigeria for export. A ton of processed cashew costs $14,200 right now, while a ton of raw cashew costs $1,932. You can see a significant difference.


https://www.youtube.com/watch?v=9BsljgkOWTU

Nigerians will pull religious and tribal sentiments into it. That will kill the move.

Okeedu:
Actually this can't work in Nigeria,thank God that that's their problem

Hello guys,getting gigs and setting up the almost perfect fiverr account has been an issue for most freelancing newbie,I got you covered with my videos and a guarante if you don't get results, free eBook for those interested,check out my signature to reach me

Cashew business is an international business. Many people do not know this. They see cashew farm and all that comes to their mind is to go pluck some, lick and eat. That should not be and that will not be again with your contact with this article today. Cashew is an export product that you can make huge sums from in Nigeria and elsewhere.

By the way, do you know that cashew is good for you? Do you know that cashew is good for dogs and other animals? You should know that if cashew is good for you, it will also be good for other animals.
If you are going to make money from cashew, you must know what it takes to export it and you must know the exporters. In this business your money works. You can own the cashew farm by yourself, you can buy cashew from the farmers in their various farms and gather the required quantities needed to meet the demand for export. Exporters will require large tonnes of cashew for export. They will be happy if you can supply them those large tonnes needed.

I have compiled a list and contact details of some major cashew exporters in Nigeria. This list is not exhaustive as there are many more business concerns that export cashew from Nigeria. Enjoy.

https://thenewkokoro.com/2021/12/23/cashew-and-cashew-nut-exporters-in-nigeria/

Olam Nigeria Ltd
Olam Nigeria Ltd engage in the processing and export of cashew nuts and other agricultural products.Their head office is at Plot 5 & 6, Abebe Village Road, Iganmu, Lagos State, Nigeria

De Big Rich Concept
Cashew nuts, cashew kernels, and other cashew products are key exports for De Big Rich Concept.
Their head office is at 40 Ekotedo Street, Addo, Ajah, Lagos State, Nigeria

Dynamic Sea Logistics international
Dynamic Sea Logistics International is an authorized exporter of cashews and other agricultural products.
Their head office is at Lagos, Lagos State, Nigeria

Globexia Limited
Globexia Limited is an exporter of cashew nuts and other agricultural products.
Their head office is at Cardinal Building, Ogba Ijaiye Ikeja, Lagos
Victor Oliver Agro Allied Nigeria
Victor Oliver Agro Allied Nigeria is a company that specializes in cashew and other agro-allied product exportation.
Their head office is at Block 30 plot 17 Diamond Estate Isheri, Igando road, Igando, Lagos state. Nigeria.

Anugboba Nigeria
Anugboba Nigeria is an exportation company based in Nigeria exporting cashew and other agricultural products
Their head office is at 8 Ogbesasa Lane, Benin City, Edo State, Nigeria

Balinga Enterprises Nigeria
Balinga Enterprises Nigeria is a company offering the exportation of cashew nuts and some other agro produce and products
Their head office is at 2 Mutiu Ajagun Street, Ado Odo, Ota, Ogun State, Nigeria
Colossus Investments
Colossus Investments is a Nigerian cashew nut exporting enterprise.
Their head office is at Block 2A, Plot 3, Colossus Street, Oregun, Ikeja, Lagos State, Nigeria

Luli Logistics Nig Ltd
Luli Logistics Nig Ltd is a licensed freight forwarder and clearing agent as well as an exporter of cashew nuts and other farm produce.
Their head office is at 46 Borno Crescent, Apapa Lagos, Nigeria

Olafive International Resources

Olafive International Resources is a company that specializes in the marketing, importation, and exportation of agricultural products such as cashew nuts.

Their head office is at 32 Segun Alaka Street, Oko Filling, Igando, Alimosho, Lagos State, Nigeria

Parvenu Ventures exports

Parvenu Ventures exports cashew and other agricultural products.

Their head office is at 11th floor cocoa house building Dugbe, Ibadan, Oyo State

https://thenewkokoro.com/2021/12/23/cashew-and-cashew-nut-exporters-in-nigeria/

PREPARE THE LAND
Purchase a piece of land; I would not recommend leasing because it is a long-term investment. So acquire a piece of land in the hamlet and secure it with the proper paperwork. The ideal soil to utilize is laterite-rich sand. Cut down shrubs and trees as well as grasses. Machines are used to plough and level the soil. If the nutrition level is low, combine the sand with animal feces, but first test the soil to determine its nutrient content. Cashews may be grown in both wet and dry tropics.

FERTILIZATION
Fertilize with nitrogen, phosphorus, and zinc. Cashew crops require nutrients at all stages of development in order to grow quickly and produce high-quality fruits. Fertilize them during the growing stage, as well as during the fruiting and flowering stages. Once a year, apply 15kg of farmyard manure to a mature cashew tree.

IRRIGATION
Irrigate your cashew farm during the dry season or when there is a draught during the wet season. Water your plants adequately and on a regular basis if you want them to produce more fruits. Water the plants sparingly during the rainy season, but irrigate them once a week or twice a week during the dry season. In cashew farming, a temperature of 25C-30C is ideal for optimum growth. Every day, 6 hours of direct sunlight are required. If you grow them in the shade, they will not produce fruit.

WHY SHOULD YOU BEGIN CASHEW FARMING?
It is a long-term investment with a potential return of more than 50 years. The best product of cashew farming is the cashew nut. However, you can make more money by processing the apple into fruit juice. The nuts are in high demand, and the price doubles every year, making it a very profitable business. Because the bulk of those who deal with cashew nuts are exporters, the price is usually established in dollars.
The cashew season lasts 3 to 4 months. You choose money for four months out of the year. That's what cashew farming is all about!

MARKETING
Find companies that buy them for export; most of them are situated in Lagos. In Nigeria, Indian cashew firms have a strong presence. You can also sell directly to international buyers. Open a dialogue with any of them who piques your curiosity and strike a contract.
You can market it online for distributors and suppliers to come and buy from you if you don't want to go through all of this. But it's in the processing that the real money is made. The raw cashew nut sells for a fraction of the price of the processed kernel.
The Jumbo hybrid, for example, is a hybrid cashew nut that matures and produces fruits in three years. For example, #350 is the seedling of a cashew plant. Jumbo, Medium, and Small seedlings have been improved.

HOW MUCH DOES IT COST TO START A CASHEW BUSINESS?
In the community, land costs between $100,000 and $150,000 per hectare.
A survey of N100,000 to N300,000 people was conducted (Can be more due to inflation)
N 150, 000 to N250,000 for clearing, plowing, and scouring
350 x 100 = N 35,000 seedlings (Can be more due to inflation)
Others N 350,000 (may be more due to inflation) Planting N 10,000 (could be more due to inflation) (Can be more due to inflation)
As of the time of writing, these figures are approximations. To find out what the current prices are, you must conduct an impartial survey and investigation. You can also post a comment below to let other readers know what they think about the current prices.
Let's get started right now.
Let's get started.
Lets go.


https://www.youtube.com/watch?v=OAj2nUt7-zI

Hello, i am just reading here that some persons where scammed on this forum. As good as egg business is, I am saddened as I read about the scamming here. I have sent money to people online and they did not disappoint me. Scammers exist however online and offline. Let all persons doing business any where, whether online or offline. I am still in the egg production and distribution sha. Life must go on.


https://www.youtube.com/watch?v=NVcD8epzTpc&list=PLmIBwJv66JpdB5kjQGE9B9-UpuYD8g5Nr&index=2

OOAS:
I followed this tread religiously while I was still an undergraduate. What's up with Blackiee? Did he show up eventually?

Ajiswaggs:
you will blocked instantly

That will be great, with all this freeze freeze going on Let them block me, there are other good or bett ventures out their to go into...

What if I was paired and did not pay before the pay deadline?

Ajiswaggs:
no....you won't be paired till January 12...you can do your pH order now

The result site kept bringing "scratch card have been used". Lets wait till someone succeeds in checking so we know how to go about it.

Lalasticated Lala and Seun, Let this jit front page for people to know the good side of mmm. Though i am observing as a skeptic sha...

If withdrawal is blocked what about deposit? If you are to deposit, run?

Rip.

Whaaaat After all the long talk and calling Allah into it, phone call to the new presido
Nigerians will appreciate OBJ and GEJ now [/color]
GEJ more self. His presidency is not worth the blood of any Nigerian. Learn from GEJ always.
We need to establish a leadership institute in honour of GEJ now[color=#770077]

The point is if I have direct access to import I can also bag it and say i grew it on my farm. re you sure it was not imported. lets see the picture of the farm, etc. If it is home grown it should be cheaper by far.

fiizznation:
Young man, we are talking about sincere diversification here. At least we are seeing how nigerians are producing what they will consume and not the other way round. The price will definitely be slashed in the long run, this I'm very sure of.

Making N30 on a crate can be devastating ooo. This biz self....

Farmers are raising prices of eggs saying feed price have gone up. Is it same in your area. Eggs are even scarce to find.

is this treasury bills?? lol

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Blackkie:
@Ilorin?

yes sir, @Ilorin.

Yes my Oga Blakkie sir.

Blackkie:
@Ilorin?

Medium sized eggs available in Ilorin at our depot for 860. call me on 08066235778.

Blackkie:
There is egg everywhere now.
If you are interested in being an egg distributor, this is the time to make a deal with a farm easily.
Act fast.

This is quite true. A farm that has denied me fo sometime finally gave me some this week. Why are the farms having eggs now and when will the eggs be scarce again?

This is surprisingly annoying and painful. I guess its time to close my kids accounts now and use the money to chop or buy them more books or games.

Thanks for explaining this rule. I have been reading these pages though.

Nwaonyeocha:
Business people are known for taking action and not being spoon fed.
Rule 10:10
Get 10 clients who will buy 10 crates from you weekly. With that you will sell at least 100 crates weekly.

But this Blackkie of a guy has patience a lot. He kept on giving out his contact on each page when people asks for it. It shows that many who comment here have not taken few minutes to read a page or two before asking questions.

This news should crash the current price of rice if not then am not with it.

Blackkie:
Read up : RULE 10:10
And you will easily solve the issue.

Kindly explain or place the rule here. 10Q.

Teechawa:
My sister opened a new shop (depot) on saturday and sells at whole sale price. Sales at the moment is 2 crates on saturday (1st day) and 2 crates on monday (2nd day). Today is the 3rd day, we shall know how it goes later. Any suggestions... to move market forward will be welcomed.

4 crates on day 3. 1 and 1/2 on day 4.

Xxpress:
Which side is dat and how much is she selling a crate?

Ilorin. 870/crate.