Overview of Cashew Nut Processing and Packaging Business

Cashew nuts farming in Nigeria is a profitable agro business that provides a lot of opportunities for business owners wanting to start a cashew nut farm in Nigeria for eventual resale of the harvested crops to local exporters to directly to the global market.

Nigeria is presently the sixth highest producer of cashew nuts in Africa, trailing Ivory Coast, Tanzania, Burkina Faso, Ghana, and Mozambique, according to the cashew organization.

Cashew nut farming is incredibly popular in Nigeria, with a land location of over 320,000 hectares used in the cultivation of this cash crop and the nation presently producing over 120,000 tons of Cashew Nuts yearly. Since investing in cashew nuts farming is a profitable long-term financial investment that can flourish for over half a century continued crop harvest and retail cycle, venturing into cashew nuts farming in Nigeria is a fantastic

option for new and existing agro entrepreneurs in Nigeria.

Potentials of Cashew Nut Processing and Packaging Business

If you reside in a cashew-growing location, then you can seriously think about this business. There are two various ways you can start the processing plant. One is semi-automatic and another is completely automatic. The cashew nut processing business includes the recovery of edible kernels from the raw nut by mechanical means. Establishing a cashew processing plant does not need a huge investment. You can set up the unit in any size depending on the demand-supply proportion.

Requirements for Starting a Cashew Nut Processing and Packaging Business

Access to Raw Materials

This is the point where everything begins. Starting a cashew processing business is major work. Nevertheless, this is economically rewarding at the end. Starting a cashew processing business needs a lot of time (typically several months) before full operation. Here, you will gather the raw materials that is cashew nuts from different sources before you start processing them.

Area of Specialisation

Starting a cashew nut business needs you to choose the area you would certainly make the most impact on. By impact, it implies being efficient. Cashew nut business has an eye-catching value chain where you can focus your interest on. You might wish to process your cashew nuts before selling, or simply marketing them straight. Whatever the situation, understanding the appropriate technique that will produce the greatest financial benefit is essential. Processing these nuts considerably enhances the market value. Nevertheless, striking a balance in between cost and revenue is essential.

First Obtain Guidance

To begin well, it is essential to obtain guidance from the appropriate sources. The Cocoa Research Institute of Nigeria (CRIN) Ibadan, is a great place to begin with. By doing this, you will have considerably reduced the possibilities of failing in your planned business. CRIN has performed a great deal of research here, thus, it is the appropriate body to approach. a vital aspect of the research carried out by CRIN is that you learn more about the sources of demand (both domestic and international). This will make exporting of these cashew nuts to be much easier.

Register Your Business

Starting a cashew nut processing business of worth needs you to register your business. Nevertheless, registration relies on your scale of operation. Getting official approval allows the business to operate at a lot larger capability. Registered agro-allied businesses stand to gain from a lot of incentives. You might wish to take this serious as a new start-up will need all the break it can get to allow it stabilize. Domestic and international supply needs you to have a license obtained with registration. To register your business, find the CAC (Corporate Affairs Commission) office nearest to you.

Scale of Operation

Your financial strength will determine your scale of operation. It is consequently essential that you think about your financial strength and plan your business according to available resources. Without this, the cashew nut processing business will most likely fall on hard times (financial) in the nearest future. Having a business that is not well funded stands a chance of easily collapsing.

Overview and Features of the Excel Template

The excel template comes with a powerful presentation and a thorough financial analysis and model for succeeding in this business venture. The template will enhance your chances of getting grants, attract investors and bank loans.

Inside this template, you will get:

1. 3 years Income Statement.
2. 3 Years Financial Position
3. Cash flow Statements
4. Trial Balance and Account Charts.
5. Automated Macros to make the template faster, user friendly and accurate with little or no manual input.
6. 24/7 Support from our team of financial experts and analysts.