The Nation Newspaper Nigeria’s cashew export to hit $600m
Nigeria’s cashew export earnings may hit $600 million this year, following efforts to increase domestic production to 400,000 metric tonnes.
He said the association, in collaboration with the Federal Government, is working to ensure the sector exports highly processed cashew products to meet the stringent requirements of buyers, thereby getting better than market prices. He noted that the challenges facing producers were that processed products are not diverse with low-added value and poor competitiveness.
Nigeria’s exports of cashew nuts in shell to Vietnam were $49,246,000 in 2014; $33,354,000 in 2015; $22,797,000 in 2016; $55,751,000 in 2017; $101,669,000 in 2018; $49,765,000 in 2019; $61,972,000 in 2020; $116,925,000 in 2021 and $86,622,000 in 2022.