President, of National Cashew Association of Nigeria (NCAN) Pastor Tola Faseru s said Vietnam and India remained Nigeria’s largest buyers.
Faseru said global demand
for its nut has been forecast to go up. He urged exporters to pay more
attention to improve product quality and ensure hygiene and food safety to enable
exports.
Nigeria cashew exports are worth
$250 million (about N49.7 billion) yearly, according to the National Cashew
Association of Nigeria (NCAN).
Speaking at a logistics
meeting in Lagos, yesterday, its President, Pastor Tola Faseru said the average
export price goes up yearly with increased demand coming from consuming nations.
Globally, stocks of nuts,
including cashew, in North America and Europe had been low, while global demand
had increased. This offers good prospects for the Nigeria’s cashew industry
this year, he said.
The industry, according to
him, is expected to earn $250 million from export of 180,000 tonnes of cashew
nut.
Faseru said the industry wants
to increase cashew cultivation area, nationwide and produce 500,000 tonnes by
2020.
He said the association was
working with farmers and the government to develop cashew growing areas and
giving technical support to farmers to help them increase profits.
To enable Nigeria improve
its position as a major cashew exporter,
he said the association decided to hold a meeting with operators across the
port value chain in order to reduce the transit time for cashew exports.
I love cashew those days nice.
ReplyDeleteanother source of income for naija if can get themselves together
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