Nigeria should expect increase in cashew output due to favorable weather

Published Jan 20, 2023

Tridge summary

Nigeria's cashew production is projected to increase this season due to favourable weather conditions, with an expected output of 280,000 metric tonnes. The African Cashew Alliance and the National Cashew Association of Nigeria are both working on policies to boost the sector, and there is interest from the private sector and foreign direct investment for processing. Nigeria, currently the 5th largest cashew producer in the world, exports 90% of its production and is looking to process at least 50% of its production within the next five years.

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Original content

LAGOS – Nigeria’s cashew output this season is expected to rise due to favourable weather conditions, Daily Independent has gathered. Tola Faseru, President, African Cashew Alliance (ACA), in a telephone interview with Daily Independent said that the current weather condition is favourable and if sustained there will be a good harvest. “We expect that if the weather that we have remain good and continues the way it is and the harmattan is not over extended and the rain also did not come too early, we should have an average production, we should have something reasonable, and so far so good we should be able to maintain our usual or slightly more volume. He said that the world should expect nothing less than 280,000 metric tonnes from Nigeria this year. “The world should be expecting about 280,000 metric tonnes from Nigeria this year. From the little harvest that has taken place, it is quite good,” he said. Faseru noted that international demands last year were affected by the ...

Source: Independent