The business of buying & selling cashew nuts a big one in Nigeria & even though it doesn’t promise to turn you rich immediately, can have a long lasting effect on the betterment of your finance options if you wish to embrace it. For those who don’t know, these cashew nuts are in very high demand particularly due to it being a seasonal fruit & being able to exploit this market would spell a lot of fresh mints in your pocket.

Cashew nuts are as well a great deal of foreign exchange particularly with Asian counters having a huge demand for the commodity. There’re many ways to invest in the agribusiness of cashew nuts’ buying & selling, one of which is partaking in the packaging & processing process yourself while you could just be a member of the chain of distribution. We say that, if you have the chance, why not get involved in both & make maximum yields obtainable?

In case you’re still wondering why it’s a great business idea in the first place, let’s ask if the idea of having a business that yields a profit rate of 15-40 percent interests you. If that sounds good enough, you should likewise know that with the right connections, you don’t need to start looking for a market to dispose your cashew nuts because the market would come to look for you, literally.

Being a seasonal commodity as earlier mentioned, it becomes very rare at certain times of the year & buyers more often than not will want to have the highest stock available, ensuring that they always make a rush for you at whatever time you have the product. The chance of getting foreign exchange as well contributes to the reasons this business is for you.

 In Nigeria for instance, most of the people who come to procure our cashew nuts are Indians, Chinese & Vietnamese. To ensure that they get their supply from you, most of these foreign firms could also opt to have an agreement with you which guarantees you fast & easy money as long as you have your wares on ground.

Consider the competitive price that each buyer would as well offer to you in a bid to outshine the others. Maximum profit is realized in the case of a cash & carry mode of operation. In cash & carry, your buyers would come directly to you, check out the nuts, pay & transport it by themselves.

I’m sure that the above would have definitely caught your full attention now. After all said & done, how can you invest in a cashew nut business? Basically, there are 2 different ways through which you can go about this which are:

As a supplier, you have the opportunity to play the middleman between the source of the cashew nuts & the export companies (mostly based in Lagos). You’d buy the cashew nuts at point of sale prices from the farmers & then proceed to sell them at your own price to the exporting companies. This is a real moneybag in the sense that you can place practically any amount on your supplied nuts as long as they are within the prevailing acceptable market price range & make a decent income from it.

According to sources in the business, a ton of cashew nuts can be bought for as high as N55,000 from the farmers & on getting to the exporters, sold at the standard price of N70,000, a decent interest of N15,000 per ton supplied. Now imagine you supplying as much as 1000 tons or more & make the calculations.

The price above just shows the standard rate as market factors (such as high demand) can give you the power to sell for as much as N85,000. That is a massive interest of N30,000 on every ton of the product sold. Multiply it by as many tons as you wish to supply & you will be left with a jaw opening amount.

If you would like to directly relate to the main companies who need the nuts overseas themselves, you could be looking to become an exporter of the product yourself rather than being just a supplier. As an exporter, you get to enter deals with a variety of companies that seek the nuts. Due to their considerable numbers, you ‘re at a benefit because that means you have a variety of good offers to pick from.

Also, the currencies of these countries are by and large stronger than the Nigerian naira which means that after payment, you’d have a higher value currency at hand which translates to even more money.

The amount you can make on every ton exported is hard to believe, to say the least, & this mouth-watering offer is just yours for the claiming.

Before venturing the business at all at any level of investment, it’d not hurt to know a little about the whole cashew nut business to further smoothen your job. Connect with farms all over the country that sell these nuts & enter an agreement with them. Having such farms supply to you solely is a huge way to increase your earning as the more your supply, the greater the income you stand to gain.

Furthermore, note how they are being sold (per ton), what qualifies for a ton (13 bags), the quantity that makes up a truck (30 tons) & such other important things. Also, if you’d be supplying, get in touch with exporting agencies & agree your rates with them. Make sure your nuts are of standard values else no one would take you serious & operate with the highest efficiency available. This way, the only limit to your earnings is YOU.