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. Cement is often purchased in tons and, when converted, one ton of cement is equivalent to 1000 kilograms of the product.
Basically, one ton of cement will produce about 20 bags of cement weighing 50 kg. When a tree turns 20, its productive life is over. Depending on the life stage a tree is in and how vigorous it is, a cashew tree can produce up to 50 kg (about 100 pounds) of nuts per year. The tree blooms and produces flowers that are pollinated by insects.
In terms of measurement, 13 bags of cashew nuts form a tone, while 30 tons make up a truck or a long trailer. And there is a consensus that the trade and export of cashew nuts is a business that needs more investors, especially in the area of the use of cashew nuts, which are usually left to waste when it comes to obtaining the seed. The apple could create another source of income if processed into juice. Over the past 17 years, cashew nut production in Nigeria has reportedly increased by almost 70 percent.
I don't have my own cashew plantation, but I learned about the products when my father ventured into cashew cultivation 18 years ago in Eruwa, Oyo State. However, I have always known that Ogbomosho has the best climate and soil for growing cashew nuts in Nigeria, he said. The testimony in this regard was given by a social media user who described the cultivation of cashew nuts as the best and most profitable agricultural investment in an article entitled “The Ogbomosa industry of N5 billion dollars that I didn't know about”. And according to reports, most of the quality cashew nuts in the southwest come from the state of Oyo, and Ogbomoso is taking the lead due to its soil and climate, which is suitable for cashew nut production.
On the contrary, exports of W320 cashew nuts to other major markets declined, such as China, Germany, the United Kingdom, Russia and Belgium. According to Anga, given that world prices rise and are expected to remain stable, life is changing for Nigerians who are willing to invest in the export of cashew nuts, adding that a minimum investment of about 1.5 million N$ is required with a return of between 10 and 30 percent per transaction. And based on their experience, a beginner must undergo some kind of training or tutoring to understand the cashew business. Although cashew has a high economic value and produces many millions a year, the inhabitants of the Southwest are still unable to meet the high demands for seeds, unlike other states, despite the fact that the region has adequate soil and climate for the cultivation of cashew nuts.
He said that if the more than 24 states in the federation that have adequate soil and climate start producing cashew nuts, exporters can get enough supply, adding that the cashew harvest enjoys considerable sponsorship around the world. Domesticated cashew is native to the New World, but is cultivated commercially mainly in Brazil and India. And part of the farm-based opportunity options not related to oil exports available in Nigeria and the Southwest region is the export of cashew seeds. I do this because exporting requires a lot of capital and, without adequate funding, you cannot embark on the adventure of exporting cashew nuts.
In my experience, Kwara and Nassarawa are the two states where I find the most cashew nuts, although the southwest has more suitable soil and climate. Allow the soil to dry completely between watering periods, as overwatering can destroy cashew nuts. Cashew plants start producing after three years of planting and reach full production during the tenth year and continue to yield profitable returns for another 20 years. .