Cashew: Multiple Challenges Depriving Nigeria Of Benefits In $11bn Market

With cashew market projected to hit $11 billion globally this year, the National Cashew Association of Nigeria (NCAN) has rued that the worrying trend remains the inability to add value and export high volume of processed cashew kernel as against the continued export of raw cashew nut (RCN).

NCAN President, Dr. Ojo Joseph Ajanaku, in an interview with New Telegraph, explained that Nigeria’s cashew industry was confronted with numerous challenges, including high cost of processing as well limited credit for processors to support procurement of high volume of raw cashew nuts.

Read more at Newtelegraphng

Leave a Reply

Your email address will not be published. Required fields are marked *