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  • What is Nigeria's cashew processing capacity?
  • With an estimated processing capacity of 18,000 mt per annum, it marks a significant development in Nigeria's cashew processing infrastructure. Additionally, earlier in 2023, the Annie Glidden Commodities (AG) Nig. Ltd cashew processing plant commenced operations in Kwara.
  • Which cashew processing plant commenced operations in Kwara in 2023?
  • Additionally, earlier in 2023, the Annie Glidden Commodities (AG) Nig. Ltd cashew processing plant commenced operations in Kwara. This state-of-the-art facility boasts a capacity of 5,000 mt per annum, contributing further to the country's efforts in advancing cashew processing capabilities.
  • How much cashew will Nigeria produce in 2023?
  • Nigeria’s cashew production is set to surpass expectations in 2023 and continue soaring to reach more than 500,000 mt by 2028. Nigeria’s exports, mainly to Vietnam and india, amounted to more than 355,000 mt in the first 10 months of 2023. This would indicate a crop of more than 350,000 mt, as exports and production are highly correlated.
  • Where do cashew nuts come from?
  • Vietnam holds a monopoly on cashew processing, and Nigeria, like most African cashew producers, Nigeria sells most of its cashews as raw cashew nuts (RCN) to Vietnam, where it is processed further and then exported to end-consuming countries. india is another large importer of RCN. However, most of this is for domestic consumption.
  • How many cashew farms are there in Nigeria?
  • According to the Nigerian Export Promotion Council (NEPC), more than 25,000 smallholder farms are involved in cashew production. Cashew farming on larger commercial plantations is also gaining traction, and production is expected to increase significantly over the next decade.
  • Does Nigeria eat cashews?
  • Nigeria’s domestic consumption is fairly low and most cashews are produced for exports. Vietnam holds a monopoly on cashew processing, and Nigeria, like most African cashew producers, Nigeria sells most of its cashews as raw cashew nuts (RCN) to Vietnam, where it is processed further and then exported to end-consuming countries.