Nigeria: Policy restricting foreign traders helps stabilize prices **Note:** The translation is faithful to the original text, maintaining the key details and structure.

Source: businessday.ng The Nigerian cashew industry has seen positive fluctuations with the implementation of the "no foreign direct purchase at the farm" policy, contributing to price stabilization in Kogi State. According to the National Cashew Association of Nigeria (NCAN), the enforcement of the Federal Executive Council (FEC) regulation has prevented foreign traders from previously forcing farmers to accept low prices. Photo: kogireports.com Previously, during the harvest season, particularly around the Salah holiday, foreign traders often exploited the farmers' urgent need to sell to link and heavily reduce prices, sometimes as low as 300,000-500,000 naira/ton (approximately 200-330 USD/ton). However, with the new policy in Kogi State, which does not allow foreigners to directly access farmers, price control has significantly improved. As a result, for the first time in 10 years, cashew prices have stopped their cyclical deep decline and have now increased to around 1.8 ...