Historical Perspective Nigeria’s interest in cashew nut production began in the early 1950’s when the plantations were introduced in
(1991). J.O.F Ideal Family Farms established a plant at Owo in Ondo State. A few years later, in 1995, MELAGRO Exports Limited, an Indian cashew-trading group established a small processing unit at Owode in Oyo State with installed capacity of 1,000 MT/year.
(1998). and 1999 two plants were established namely, Kole Dafe Industries, with its factory located in Isolo,
a) Government of Nigeria (GON) estimates the area under cashew as 375,000 ha in 2003 as against 278,000 ha in 1999 4. This is about 8% annual increase of the area under cultivation over a period of 4 years.
(2002). c) Exports of kernels are estimated to be about US $ 1 million per year at present to USA. A significant quantity is locally consumed as processed kernels and value of which estimated to be about US$ 21.6 million /year (USAID study,
(2001). g) Growing importance of cashew was demonstrated in
(2005). Table 1: Estimate of Margins in the Cashew Chain (Prices as at April,