Cashew Nut Processing Business is a profitable and lucrative business which has lots of benefits. The Cashew Nut Processing industry is one of the biggest industry in the world.
Cashew Nut Processing Involves the processing cashew nuts into a commodity which can be used for other goods production.
Cashew nut, often simply called a cashew, is globally consumed and accepted. It is eaten on its own, used in recipes, or processed into cashew cheese or cashew butter. The shell of the cashew seed yields derivatives that can be used in many applications including lubricants, waterproofing , paints, and arms production.
The Cashew Tree is the evergreen tree that produces the cashew nuts. In 2016, The global production of cashew nuts known as kernel was 840,000 tonnes, which was led by the Côte d’ Ivoire And India. Cashew Nuts cultivations is rapidly growing in African countries like Nigeria, Ghana, Côte d’ Ivoire, South Africa, Ethiopia etc And Asian Countries Like India, Korea, China, Japan, Philippine, Thailand, Vietnam etc.
Nature shows that Cashew Nuts yield for local trees are about 0.25 metric tons per hectare, in contrast to over a ton per hectare for the dwarf variety.
The cashew tree is cultivated in the tropics between 25°N and 25°S, and is supremely adapted to hot lowland areas with a pronounced dry season, where the mango and tamarind trees also thrive. The local cashew tree is tall (up to 14 m) and takes three years from planting before it starts production, and eight years before economic harvests can begin.
More recent breeds, such as the dwarf cashew trees, are up to 6 m tall, and start producing after the first year, with economic yields after three years.
To improve and sustain cashew nut yield in commercial orchards, you will need Grafting and other modern tree management technologies.
Cashew Nut Processing business is very profitable business which has created lots of Millionaires And Billionaires Worldwide.
In this well-explained article, you will be guided on how you can start a cashew nut processing business and how you can be successful in it, irrespective of who you are. Cashew nut processing business will always be listed among the top business ideas in Agricultural sector.
HOW TO START A CASHEW NUT PROCESSING BUSINESS
1. Cashew Nut Processing Business Plan
This is the first thing to consider before you start a cashew nut processing business. A Good and useful business plan will always make you achieve success faster. Business plans entails about capital needed, equipments and machines needed, benefits, Do’s and Don’ts, requirements, success plan, market analysis etc.
This is the most important aspect in cashew nut processing business. You will need capital to acquire a land or rent, you will need capital for purchasing equipments and machines, you will need capital for raw materials and also you will need capital for payment of services rendered for you either by the hired personnel’s or any other means. If you don’t have capital, you can go for loan but is not advisable, unless you can meet up with their requirements.
3. Location, Land And Getting Of Equipments
Good location is one of the steps to be considered. Find a location which is open and environmental friendly were cashews can be dry out through sun.
Acquire a land; The land capacity depends on the scale you want to start, whether small-scale, medium-scale or large scale. 500-600 square meter is good for small scale.
Get the equipments and machines needed in cashew nut processing;
Lists Of Cashew Nut Processing Equipments And Machines
i. Cashew flaking machine
ii. Cashew nut filling machine
iii. Fragments strainer
iv. Set of scales and Shutting machine
v. Cooking containers
vi. Vapour tube
vii. Hot furnace and Hand functioned cutting equipment
viii. Semi-automatic shedding appliance
ix. Steam reservoir
x. Husk sorting machine etc.
These are some of the equipments and machines needed in Cashew Nut Processing Business. Endeavour to take good care of them.
4. Registration Process
Now the next step to take is to register your business. Remember, for your business to be considered as legal, it must be properly registered. So before starting this cashew processing business, it must pass through registration.
5. Marketing And Sales
Once you establish the cashew nut processing business, the next thing on the line is to promote and market your business. Marketing of business helps to create awareness and drives sales to any enterprise. The most important tips in Cashew Nut Processing Business is to know your target market.
Where To Get Cashew Nuts
To Get Cashew Nuts, You Need To Make An Enquiry From Any Individual who is also involve in Cashew nut processing business, to direct you to any Cashew Nut Dealers Or Exporters. Or better still make research to find out any cashew nut exporters/dealers. Every countries has each policy guiding them. So We will advise you to visit any Agricultural institutes in your country, they will give you better answers were to get Cashew Nuts.
COST OF STARTING A CASHEW NUT PROCESSING BUSINESS
To calculate the cost or how much needed to start a Cashew Nut Processing Business, You must add the following expenses:
i. Startup costs
ii. Processing costs
iii. Packaging costs
iv. Shipping costs
v. Labor costs
vi. Transportation costs etc.
These are the costs of starting a cashew nut processing business
Costs For Small Scale: $20,000
Costs For Medium Scale: $50,000
Costs For Large Scale: $100,000-$500,000.
CHALLENGES INVOLVES IN CASHEW NUT PROCESSING BUSINESS
i. Low Quality Cashew Nuts
ii. Lack Of Awareness
iii. Poor Funding
iv. Pest And Diseases
v. Bush Burning
vi. Criminals & Thieves.
But Don’t Be Afraid, Here Are Ways To Achieve Success And Escape the above challenges;
1. Reach out to Agricultural Institutes For A Well Cashew Nut Seeds. They will also help you to get quality nuts.
2. Always be updated on this cashew nut processing business. Do proper research and also take studies on this business so that you won’t miss out any information.
3. Fund your business very well to avoid stories that touches the heart, Know the type of scale you want to invest in. You have to determine if you want to start with Small scale, Medium Scale or Large Scale. Go for the one you can invest and fund very well.
4. Prevent any pest and Diseases as fast as possible, because they can render cashew nuts useless.
5. Cashew nuts are usually harvested during the dry season. For Cashew nut processing farmers, you need to fence your cashew plantation if it is in an environment that is prone to bush burning.
6. Always safe guard your cashew nuts environment.
BENEFITS OF CASHEW NUT PROCESSING BUSINESS
1. It creates job opportunities.
2. Promote the economic growth of a country.
4. Extra Income.
5. Cashew Nuts can be transform to different goods and foods, which also add to the development of Country.
Cashew Nut Processing Business is very lucrative, You can get your own Website for better communication with your clients. Remember to take your business online through Facebook, Instagram, Twitter And Google.