Categories: Food & Drink

Nigeria Earns $402m From Cashew In 2017- Faseru

The National President, National Cashew Association of Nigeria, NCAN, Tola Faseru, has disclosed that the production of the commodity has increased from about 90,000 metric tonnes in 2011 to 220,000 metric tonnes at the end of 2017 translating to about $402million.

He said the cashew industry has made a lot of progress when compared to other commodities in the country.

Speaking with Agriculture journalists recently, Faseru said: “In 2011, our production was about 90,000 metric tonnes, today, as at the end of 2017, we have reached 220,000 metric tonnes. For us, that is a major breakthrough. That is more than doubled what the production was from 2011 to 2017. Barring all issues of climate change and all of that, for us, that is a major effort.”

He added “the earning has increased tremendously, the earnings in 2011 were about $48 to $50 million annually but as at 2017, we have reached $402 million. What it means is that the value of Nigerian cashew has increased.

“In 2011, we were talking of something in the region of between $300 and $500 per ton. Today, we are talking about $1800 and we have explored an upward trend in the marketability and acceptability of the Nigerian cashew across the world.”

Tola Faseru said the increased earning from cashew has impacted positively on the farmers. “In the past, a farmer was selling at the local price of N30,000 to N40, 000 per ton, but today, the farmer can sell at about N300,000 per ton.

“Thus, our farmers are now living a decent life; they provide shelter for themselves, have good cars and that had encouraged them to plant more. By and large, it has encouraged them to take good care of their farms.”

He said one of the reasons for the growth in the sector is the sensitisations and trainings given to the local farmers. “We have given farmers trainings on how to store their cashew properly, they are able to first of all put in best agricultural practices; they are able to do what they call proper harvesting which is critical to the yield and to the quality.

“Farmers are able to dry cashew properly; most importantly, they are able to package it well. When we came in, cashew nuts were usually packaged in polythene bags and we said this will kill the quality because the cashew will not have proper air to breathe because it will get heated up and what will happen is for the cashew to spoil.

Related Post

“So, we said jute bags should be the way. Jute bags give way for air to flow in and out, the cashew farmers have imbibed that as well.”

He added that drying of cashew has now become something farmers now handle professionally and has become the norm across the value chain.

Americans Will Consume A Record Amount Of Meat In 2018

Americans are set to eat more meat in 2018 than ever before. According to data published by the US Department of Agriculture (USDA), consumers are expected to eat 222.2 pounds (100.8 kilo) of red meat and poultry this year, up from 216.9 pounds per person in 2017. That will surpass the previous record of 221.9 pounds per person, set in 2004, Bloomberg reports.

The predicted increase is ending a trend of falling meat consumption that began with the Great Recession in 2008. In 2014, the consumption of red meat and poultry was still down at 201.8 pounds per capita before it started to climb steadily, reaching 211.1 pounds in 2015 and 214.6 in 2016.

The figure predicted for 2018 corresponds to a meat intake of roughly 10 ounces (or 280 grams) per day, almost double the amount recommended by government nutritionists. According to USDA’s Choose MyPlate nutrition guidelines, adults should not eat more than 5 to 6 ounces of meat per day.

The popularity of dairy products, for example cheese and butter, has also increased to an all-time high, the USDA figures reveal. Domestic meat production is on the rise as well. The total production of red meat and poultry is expected to reach about 103.5 billion pounds in 2018, compared with 97.6 billion pounds in 2016. (ab)

 




  • simon monday

    Recent Posts

    Heart Attack Causes and its Solution

    What is the Main Cause of a Heart Attack? What is its Solution? A heart attack is the blockage of… Read More

    5 months ago

    Understanding the Debt Ceiling: Its Impact, Importance, and Implications

    In the vast economic arena, one term that often takes center stage, inciting extensive debates and discussions, is the "debt… Read More

    10 months ago

    De-Dollarization: The New World Order of Currency and Its Global Impact

    De-Dollarization: The Changing Face of Global Finance The financial landscape is in a state of flux, with an intriguing economic… Read More

    11 months ago

    Unstoppable Bayern Munich: The Story Behind Their 11th Consecutive Bundesliga Title

    The curtains closed on a dramatic Bundesliga season with Bayern Munich standing tall once again, clinching their 11th straight title.… Read More

    11 months ago

    Celine Dion Cancels Concert Tour Due to Deteriorating Stiff-Person Syndrome

    The Unfolding Story of Celine Dion's Health In recent news that has left fans across the globe stunned, iconic singer… Read More

    11 months ago

    Navigating the Crossroads: LeBron James, Anthony Davis, and the LA Lakers’ Uncertain Future

    As the echoes of the recent NBA season start to fade, the attention of enthusiasts is firmly glued to one… Read More

    11 months ago