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.
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.