Four year plan looks to increase Nigerian cashew exports to $650m
In order to achieve their target, the farmers intend to cultivate more land with a view to boosting exports to about 500,000 metric tons a year to raise annual earnings to $650 million.
Tola Fasheru, President of the Nigerian Cashew Association, told Bloomberg in an interview, that with about 160,000 hectares (395,000 acres) of land producing about 150,000 tons a year, farmers are seeking to bring an additional 340,000 hectares into cultivation to achieve industry targets. This, according to him, should raise annual export income from the product to at least $650 million from the $253 million earned in 2015.
source: nigeriatoday.ng
