The international price of cashew nuts in Nigeria today is at an all-time high due to economic instability. Cashew nuts are cash crops and important raw materials in so many countries. Cashew nuts are more expensive in Lagos than in other countries. Cashew nuts can be sold processed and unprocessed per kg or per ton.
When roasted, they are popular snacks in Nigeria. Cashew nuts are packaged in bottles. Raw cashew nuts are sold in tons and kilograms. You can get 1kg, 5kg, bags of 50kg, and 100kg of raw cashew nuts. Cashew nuts are very nutritious.
Where to get Cashew Nuts in Nigeria
Cashew nuts is gotten from the cashew fruit which is grown as a tree . The cashew nut can be roasted into a snack which is a popular snack after the groundnut. Cashew nuts are grown in many states in Nigeria. These states produce cashew nuts in large quantities every year which makes it possible for cashew nuts to be exported out of Nigeria and also made into snack in Nigeria too.
Nigeria produced up to 25,000 to 30,000 tons of cashew nuts every year thanks to these states and more than half of these is exported to various countries such as India and Vietnam and are used for products such as butter, beauty products and many others. Some of the states where you can find cashew nuts in Nigeria are:
- Enugu state: This state is one of the states that produce cashew nuts in Nigeria. They are part of the states that produce cashew nuts in high quantities.
- Imo states: This states in the eastern part of Nigeria is one the largest producers of cashew nuts in Nigeria.
- Niger state: This state in the northern part of Nigeria is part of the highest producers of cashew nuts in Nigeria.
- Oyo state: This state in Nigeria is located in the western part. They are part of the highest producers of cashew nuts in Nigeria.
- Benue state: This is another state located in the northern part of Nigeria and is one of the prominent states that produces cashew nuts in large quantities.
Price of Cashew Nuts in Lagos State
In Lagos state, cashew nuts is another major snack after groundnut. Cashew nut has nutritional value, it is rich in fat and oil. The cashew nut can be sold raw or roasted. The price of Cashew nuts in every state in Nigeria depends on how easy it is to find the fruit in that state. Cashew nuts can be found in Lagos state at amazing prices. A bottle of roasted cashew nuts (500g) in Lagos state is sold for 5500 naira.
A 1kg bottle of roasted cashew nuts is sold for 11,000 naira. Raw cashew nuts per ton in Lagos state is sold for 460k while per kilo is sold for 800 naira. The average price of raw unprocessed cashew nuts in Lagos Nigeria this month of February is 2,200,000 per ton.
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International Cashew Nuts Prices Today
The cashew nuts produced in Nigeria every year is exported. 85% of the cashew nuts produced in Nigeria are exported to countries like India, Vietnam and many more for the making of some products like butter, and beauty products. The exporting of cashew nuts to various countries outside Africa therefore gives it an international price.
Cashew nuts are sold internationally in dollars. As at this month of February, the international price of vashew nuts in Nigeria is $2,000 per ton which is equivalent to 3,400,000 naira with the current black market exchange rate.
How much is a Ton of Cashew Nuts in Nigeria
Cashew nuts are sold in tons, bags and kg. You can buy cashew nuts in Lagos, Imo, Enugu, Benue and other high-cashew producing states in Nigeria. The average price of cashew nuts in Nigeria this February is 2,000,000 per ton.
Mathew
