Raw Cashew Nut (RCN)

Here is One of Our Key Products: Raw Cashew Nut (RCN)

Our second key product, Raw Cashew Nuts (RCN), is a significant commodity for both local and international markets. At KKBS, we source high-quality raw cashew nuts from several states in Nigeria, including:

  • Kogi State
  • Kwara State
  • Enugu State
  • Edo State
  • Nassarawa State

Additionally, cashew nuts are cultivated in other states such as Abia, Anambra, Akwa Ibom, Benue, Cross River, Delta, Ebonyi, Ekiti, Imo, Niger, Ogun, Osun, Oyo, Taraba, and the Federal Capital Territory (FCT).

This wide geographic distribution highlights the potential for cashew production across Nigeria.

Usefulness of Cashew Nuts in Nigeria and Abroad

Economic Impact

Cashew nuts have become a vital crop for Nigeria's economy. The country produced approximately 200 million metric tonnes of cashew nuts in 2022 and is recognized as one of the leading exporters of raw cashew nuts globally. The Nigerian government has implemented various initiatives to boost production and improve quality standards to enhance export potential.

Nutritional Value

Cashew nuts are not only economically significant but also nutritionally beneficial. They are rich in healthy fats, protein, vitamins (such as E and K), and minerals (including magnesium and zinc). These nutrients contribute to heart health, weight management, and overall well-being.

Culinary Uses

Globally, cashews are used in various culinary applications. They can be consumed raw or roasted and are often used in snacks, desserts, sauces, and as a dairy alternative in vegan dishes. Their creamy texture makes them ideal for making cashew milk and cheese.

Supply Capabilities

At KKBS, we pride ourselves on our ability to supply high-quality raw cashew nuts to our partners. Here is the shippable quality we have been supplying:

Shippable Quality KKBS Can Supply Quantity
NC (Nut Count) 280
MC (Moisture Content) 7%
Spotted Nuts 2%
Immature Nuts 2%
Broken Raw Nuts (BRR) 2%
Void Nuts 1%
Total Defects (TD) 7%
Kernel Output Ratio (KOR) 48-51

The cashew season runs from February to June each year, allowing us to procure up to 1,000,000 tonnes of high-quality raw cashew nuts during this time.

Global Market Trends

Rising Demand

The global demand for cashew nuts continues to rise due to their health benefits and versatility in cooking. Countries like India and Vietnam dominate the processing sector; however, Nigeria's raw cashew nut exports are gaining traction. The price differential between raw and processed cashew nuts presents a lucrative opportunity for investors looking to establish processing facilities within Nigeria.

Export Opportunities

Nigeria exports raw cashew nuts primarily to countries such as Vietnam and India. In recent years, the Nigerian government has focused on improving infrastructure and quality control measures to boost the export market. This includes establishing processing plants and offering training programs for farmers on modern agricultural practices.

Challenges Facing the Industry

Despite its potential, the Nigerian cashew industry faces several challenges:

  • Quality Control: Many raw cashew nuts exported from Nigeria do not meet international quality standards due to high moisture content and improper drying techniques.
  • Processing Facilities: A significant percentage of Nigeria's cashew output is exported in raw form rather than processed. This limits the economic benefits derived from higher-value processed products.
  • Access to Finance: Farmers often struggle with accessing financing for improved farming techniques or equipment necessary for higher yields.

Conclusion

Raw Cashew Nuts represent a key product for KKBS and a vital component of Nigeria's agricultural landscape. With an expanding market for both local consumption and export opportunities, investing in the production and processing of cashews can significantly contribute to economic growth while providing nutritional benefits to consumers worldwide.

By addressing existing challenges in quality control and processing capabilities, Nigeria can enhance its position as a major player in the global cashew industry while supporting local farmers and communities.