Benefits Of Cashew Nuts Investment

We would be happy to share our ideas on the great benefits and capability of cashew nut investment with you shortly.

Africa now produces one of every two cashew yields globally, making it the world’s top cashew producer. This, along with agriculture’s unique position in Africa, makes it an excellent economic engine as the world’s population grows. The agricultural industry employs two-thirds of the African population, making it the continent’s largest employer.

Agriculture’s potential cannot be denied, and cashew growing has grown in importance throughout Africa. Due to its high yield and coverage, the cashew tree was originally utilized to control desert encroachment. However, Africa now produces more than half of the world’s cashews, and the trend is upward.

Unlike other cashew giants like Southeast Asia and Brazil, where production has reached a plateau, Africa is only beginning to reach its full potential. This growth is due to several positive aspects, but we are still far from reaching the global demand for cashew nuts. Africa has the ideal conditions for growing cashew, making it a solid investment option for all interested parties and players in the value chain.

Factors show that cashew has significant social, economic, and ecological potential for food production, foreign exchange, and employment development.

Find out why cashew investing or cultivation is profitable and how you can get involved easily.

1.Global Supply:

Several factors influence global cashew nut demand, notably in developed and emerging markets. Part of it is the growing preference for plant-based diets and acknowledgement of their health and nutritional advantages. Cashew nuts are becoming more popular as a snack and as a dairy alternative. They are also progressively replacing the beloved peanuts.

Africa is leading the way in increasing cashew output to meet rising demand. Demand for cashew nuts climbed 6.1% in 2016. Cashews are anticipated to take up 29% of the worldwide nut industry by 2021. According to Nairametrics, Nigeria is now one of the top suppliers of cashew nuts to India. Cashew investments preserve cash and pay more interest than standard bank savings accounts.

2. Vast Market:

Consumer demand for cashew continues to grow globally, making it Nigeria’s top exportable crop. In 2020, India used 1.6 million tonnes of cashew nuts, followed by Vietnam at 1.5 million tonnes and Cote d’Ivoire at 310 thousand tonnes, accounting for 72% of global consumption.

The Philippines, Mali, Brazil, Burkina Faso, Cambodia, Nigeria, Mozambique, and Guinea-Bissau accounted for another 22%. Last year, Vietnam imported $1.4 billion worth of cashew nuts, while India imported $1.1 billion.

3. Reasonable Price:

Cashew is a premium product for which customers are willing to pay a premium. Nigerian cashew exporters generated $300 million in 2016 and $350 million in 2017, according to Tola Faseru, former NCAN president (NCAN). Cashew has a return on investment of up to 55% and returns yearly for up to 35 years.

The cashew nut industry is based on money value since most people involved export. This implies your farm earns more as the dollar value rises. Money is always made in cashew cultivation since the price of cashew nuts doubles every year. A bottle of cashew is about three times the price of a bottle of fried groundnut.

4. Farming Ease

Cashew growing is favoured over other income crops like rubber and cocoa by many farmers due to its minimal maintenance requirements. Cashews grow well in most soils and are resistant to weeds. This minimizes manufacturing costs and labor costs.

5. affordability:

Cashew is a tropical plant that does well in hot climates. But young plants are cold-sensitive. To maximize production, cashew farming requires a four-month dry season. So our African climate, especially in the southwestern region of Nigeria, is suitable for cashew production.

Cashew thrives in temperatures between 20°C and 30°C with an annual rainfall of 1000–2000mm. Temperatures exceeding 36°C during the fruiting period may influence fruit setting and retention.

6. High Return on Investment

Nobody starts a company to lose money. Cashew has a high yearly return of up to 55% and a large annual output once it starts fruiting.

Also, the variety of cashew-derived goods indicates that money grows on trees. Nobody likes to lose money on an investment, and that is one of the benefits of cashew cultivation when managed properly. The greatest staff and farm managers at Witford Nigeria Farms guarantee that all farms produce the best crops that satisfy international standards, so you earn a profit.

Cashew derivatives and industrial uses

Cashew has a multitude of industrial and personal uses that are constantly being discovered. It is used in medicine, cosmetics, food, and energy.

Cashew is a popular food. Roasted nuts are also eaten as a snack. The nut is sometimes used to create medications. In addition to high cholesterol and heart disease, cashews are utilized for digestive and skin issues. Cashew kernels may be utilized to produce biofuels.

8. Adaptable soil:

Cashews show that they have low soil needs and can adapt to a variety of soil conditions without losing output. It would perform better on excellent soils. Cashew prefers deep, well-drained sandy loams with no hard surface. Cashew also does well on sandy soil.

As a result, cashew grows in practically all Nigerian states, with the highest output in Anambra, Oyo, Enugu, Osun, and Kogi. The Nigerian cashew meets or exceeds most international criteria, making it a preferred alternative. Among them, Ogbomosho cashew is highly sought after globally.

9. Productivity

Cashew is a wonderful generator of generational wealth. It may yield for 35–50 years after it starts fruiting, making it a suitable retirement plan and wealth-building choice. Cashew nuts, in particular, have a high export value.

10. Intercropping flourishes:

The cashew tree is a valuable crop grown for its wood, fruit, and nuts.Its wide plant spacing facilitates intercropping. Intercropping cashew with arable and occasionally tree crops provides food security, cultural weed control, and additional revenue to farmers.

Cashew does not bear fruit for the first three years of cultivation, allowing for intercropping with maize, yam, and pineapple. They will yield wonderfully with cashew, and you may start making a quick income right away.

Witford Nigeria Farms allows intercropping since cashew doesn’t fruit for 3 years. This is one of the unique perks that cashew investors may take advantage of when investing in cashews.

11. Good Crop Yield:

The Ivory Coast and India produced 39 percent of the world’s cashew supply in 2019. Burundi, Vietnam, and the Philippines produced well. Our favorable characteristics have made Nigeria one of the top six worldwide suppliers.

Quality and quantity influence cashew nut pricing. It produces one of the top KOR and quality cashews in the world and meets international standards in Ogbomoso, Oyo State, Nigeria.