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Nigeria exported agri products worth N84.21 billion in Q3 of 2022

Cashew exports represent 12.3% of the total agri exports in Q3

Nigeria's total agri exports between January and September 2022 stood at N427.6 billion, while a sum of N504.9 billion was earned for the full year of 2021.

Cashew exports came in at N10.43 billion in Q3 2022, representing 12.3% of the total agric export in the review period. Cashew is a tree crop that has been cultivated for food and medicine for many years. The various parts of the cashew fruits are of economic value, which includes apple, nut, and kernel. The primary product of cashew nuts is the kernel, which is the edible portion of the nut.

Further breakdown showed that cashew nuts are exported in two forms, in shell and shelled. Specifically, a sum of N7.2 billion was earned from the export of cashew nuts in the shell while N3.23 billion was earned from shelled cashew nuts export.

[ N100 = €0.21 ]

Source: nairametrics.com

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