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Why Cashew Price Dropped 60% In Nigeria, Way Forward
Posted
January 30, 2020
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2,412
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January 30, 2020
2,412
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7:56Now PlayingThe price of cashew in Nigeria, the sixth-largest producer in the world, has fallen by 60 percent in the past 12 months to its lowest in 3 years.
Price has dropped from an average of ₦500,000 per ton in 2018 season to n 200,000 per metric ton in 2019 cashew season, its lowest since 2016.
We look at the trend in this commodity with Ayisat Dahood, a research analyst with a financial derivatives company.
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