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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

Nigerian gov’t mulls exporting processed
cashew nuts by 2019: minister       

ABUJA, (Xinhua) -- Nigeria aims to make higher profit from selling processed cashew nuts in the international market as part of the government’s goal of reinventing agriculture for sustainable national development, Minister of Agriculture and Rural Development Audu Ogbeh said on Tuesday.

The minster told reporters in Lagos that the west African nation would begin its exportation of the commodity by 2019, noting that a ton of the processed or roasted cashew nuts is currently sold at 10,000 U.S. dollars in the international market.

“It is better to process the cashew nuts for export than exporting raw cashew nuts in order to benefit from the high cost of cashew nuts,” he said.

A ton of the kidney-shaped edible raw cashew nuts, also often called kernels, is currently sold for 1,200 dollars in the global market.

Ogbeh said efforts are being made now to ensure the processed cashew nuts are up to acceptable international standard.

Nigeria shipped a total of 600,000 dollars worth of raw cashew nuts to Vietnam alone in 2016, he added.

 

             

 

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