Nigeria investing heavily in cashew production as prices see 85% increase
date:Sep 27, 2017
ent in the export volume.

Nigeria exported 4,444MT of cashew in the first quarter, earning $8m at the market value of $1,800/MT. This, it was learnt, increased dramatically by the second quarter of the year to 25,555.5MT. Nigerias earnings subsequently rose to a record high of $44.2m.

The government, towards the end of 2016, had embarked on an aggressive investment to boost the agricultural sector.

Farmers were encouraged to plant improved cashew seedlings with higher yields. Along with other
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