High Global Demand and Huge Available Market: The global cashew market size reached USD 7 billion in 2022. It is estimated to reach an expected value of USD 10.5 billion by 2031, exhibiting a CAGR of 4.6% during the forecast period (2022-2031).In recent years, the global demand for cashews tend to increase by 9% annually whereas Africa supplies about 60% of entire global demand. Tanzania cashews are considered one of the best quality cashews in the world. Such quality is attributed to favourable weather and specific soil conditions coupled with improved agricultural practices exercised in the farms.
The Cashew business is a lucrative one with an estimated return range of between 30 to 40 per cent within 3-5 years of cultivation.As of today, one in every two cashew yields of the global cashew production comes from Africa making the continent the world’s largest producer of cashew nuts currently. After planting a tree, it takes three years before production starts and eight years before economic harvests can begin, after which a tree produces around 600 cashew nuts in his 30 years life span.
Our ambitions in Cashew nut investment is derived from number of factor such as;
- High Global Demand and Huge Available Market.
- Good Price Point.
- Easy Farm Management.
- Easy Climate Adaption.
- High Return On Investment.
- Derivatives and industrial uses of cashew.
- Easy Soil Adaptation.
- Longevity in production.
- Thrives with intercropping.
- Good Crop Yield.
We have earmarked Ruvuma region southern east of Tanzania with the arable land area of 15,000 ha for the project.