Are cashew nuts profitable?

The cultivation of cashew nuts is a very old and traditional business in many countries around the world. Both the price and demand of cashew (cashew) are much higher in the market, making it a highly profitable business. Cashew has been researched and shown to be a good source of generational wealth. Once it starts to bear fruit, it can yield for up to 35 to 50 years, making it a good retirement plan option and an option for building lasting wealth.

In general, nuts are known to have a good export value and it turns out that cashew nuts generate a great export value. Growing cashew nuts is reasonably profitable, but farmers could take a step forward and increase profits by more than 200% with effort. Raw cashew nuts have a lower price. With an average yield of 1,600 kilos per acre, the farmer cannot expect more than 144,000 rupees per acre in the tenth year.

The yield per acre increases by 178 kg each year until the tenth year, after which yield stagnates. A tree of good variety can produce up to 20 kg in the tenth year, but a reasonable estimate of a 50% drop in yield is taken into account. Most trees do not yield 20 kg per year and this yield usually depends on location, climate and soil conditions, among others. Even with the basic price of the raw material and the minimum yield, it is possible to earn a decent income from cashew nuts in their raw form.

Cashew (raw) produced in most African countries is exported to Vietnam, which has the technology to process cashew nuts. Cashew is listed as a top quality product and is a product that people are willing to pay a lot of money for. Today, Vietnam is the world's largest exporter of cashew nuts, with 2,500,000 metric tons per year. The potential of agriculture cannot be disputed or exaggerated and the cultivation of cashew nuts has gained great importance for African countries.

There is increasing scrutiny of the conditions under which cashew nuts are harvested in Africa, the world's largest producer of this crop. In Nigeria, the cashew tree remains an integral part of the country's industrial and export crops, supporting more than 300,000 families and maintaining 600,000 jobs. The cultivation of cashew nuts needs a climate with a well-defined dry season of at least four months to produce the best yields. Two good things about cashew nuts are that their return on investment reaches 55% per year and that it yields a lot once it starts to bear fruit.

Cashew is used to treat high cholesterol, heart disease, stomach and intestinal disorders, skin problems, and other conditions. Nigeria has recently become one of the main suppliers of cashew nuts to India and generates about N$23 billion a year to the country, according to Nairametrics. India produces approximately 23% of the world's cashew nuts exported and India is the second largest consumer of cashew nuts. For example, cashew nuts in Africa are known to be far superior in size and quality compared to those of local cultivars in India.

African countries are at the forefront of responding to this growing demand with an increase in cashew nut production. Many women were not provided with gloves and, in the past, they used their hand to separate the kernels from the cashew nut.