date:Sep 27, 2017
Gains on global cashew prices have jumped by 85 per cent in the past two years and Nigeria is gradually tapping into the windfall.
Prices have increased from $750 per metric tonne in 2015 to $1,800/MT in 2017.
Amidst the global commodity price increase, exports of Nigerias cashew suffered a decline in 2016 when the country made $3.1m in the last quarter of the year. At the market price of $1,600/MT, export volume was a mere 1,937MT. By the first quarter of 2017, however, there was an improvem