Cashew farmers see higher output, better pricing ahead of 2020 season

Cashew farmers in the country are optimistic that the 2020 season that has commenced this month will be favourable to them as they expect better pricing and increased production.The farmers say that expect output to reach about 350,000 metric tons (MT) for 2019/2020 season from 250,000MT recorded in the 2018/2019 season.“With the reports we have gotten from cashew farmers across, we are sure that our production will be about 350,000MT this season,” said Ojo Ajanaku, chief executive officer, Seacos Nigeria Limited.“Also, we expect a favourable price this year and we are optimistic that farmers …

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HEDGE accordingly