According
to the Minister of Agriculture and Rural
Development, Mr Audu Ogbeh, the current worth of a tonne of roasted or processed cashew nut for export is $10,000 while the raw cashew nut
is sold for $1,200 at the international market.
This
simply means, it would be better to process the nuts for export instead of
exporting raw cashew in order to benefit from the high cost of cashew nuts.
In covenantseed, we sort for cashew from farmers in different regions of Nigeria. We are
the major exporter of raw cashew seed contributing a great volume in cashew
sales per year. Being in the industry for years, the price at international
market has never been the same every year.
In 2017, our export prices started at $1, 527/MT on average.
This gradually increased to $1,700 - $1,800/MT on average before easing towards
the end of the season in May. In the year 2018, covenantseed prices
started at $1,944/MT, a higher figure than the peak price in 2017. High prices in
the cashew industry can be attributed to excessive pent up demand.
However it is important to note that the price of cashew nut
varies with season i.e. during peak and off peak seasons. Covenantseed offers
you the best price affordable in all season such that our local and
international customers or patronizers can benefit immensely doing business
with us. We give our customers the benefit of doubt to negotiate on price per
tonne of cashew we have in stock inorder to maintain a good business
relationship
You can call us on +234-8096836651,
+234-8020836696
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