CropGPT - Nuts

The weekly report on the global Nuts market for week 45. Brought to you by CropGPT

Show Notes

This episode offers a detailed look at the global nuts market as of November 9, 2025.
  • In Nigeria, Kogi State is pursuing a bold plan to raise cashew production to 150,000 metric tons by 2027. This effort is led by the state’s Commodity Exchange Export Promotion and Marketing Development Agency (COSIPA) and includes the replacement of old trees with 15 million hybrid cashew trees over three years. These hybrids are known for high kernel recovery and will be sun-dried locally to meet international quality standards. The program includes financial support, training, and market access for farmers, with the goal of boosting employment and export revenue. Additionally, talks with Vietnamese investors are underway to establish processing facilities in Kogi, opening direct export channels to markets such as the United States, Germany, Japan, and the UAE.
  • Ghana’s cashew sector also shows high potential, with the capacity to contribute over $660 million annually to the national economy if regulatory and processing improvements are implemented. The sector supports around 500,000 jobs but currently faces issues including under-regulation, price instability, and limited value-added processing. The Tree Crops Development Authority is addressing these gaps through new licensing systems and infrastructure expansion.
  • Vietnam remains a global leader in cashew processing, importing over $4 billion worth of raw nuts in the first ten months of 2024. The country sources up to 90% of its supply from countries like Cambodia and several West African nations. Despite rising input costs that are squeezing margins, Vietnam is working to strengthen its national cashew brand by promoting domestic cultivation and adopting more advanced processing techniques.
  • A recent memorandum of understanding between Nigeria and Vietnam reflects a significant step in bilateral cooperation. The agreement focuses on technology transfer and deeper trade integration, aligning Nigeria’s raw output with Vietnam’s processing strengths to benefit both economies. Meanwhile, global supply disruptions, particularly in Tanzania, are straining availability and driving prices higher. Political instability in the region has disrupted exports, creating challenges for major processors in India and Vietnam, who are now paying premiums to source from more stable suppliers like Cambodia.

What is CropGPT - Nuts?

Market news about nuts - Cashews, nuts, almonds, macadamias, pistachios. Including trading news, weather and forecasts

Speaker 1:

Welcome to the weekly summary of the global nuts market for 11/09/2025. For more information on any aspect of this report, please visit the CropGPT website for far more detailed reporting and analysis. Kogi State in Nigeria is actively pursuing an ambitious goal to boost cashew production to 150,000 metric tons by 2027. This will be facilitated by the Kogi State Commodity Exchange Export Promotion and Marketing Development Agency, or COSIPA. A key strategy involves replacing aging trees with 15,000,000 new hybrid cashew trees within a three year time frame.

Speaker 1:

These cashews, known for reaching up to 52 kernel recovery outturn, are internationally celebrated for their quality. To meet global market standards, the cashews will be sun dried within Kogi. Cotepe also plans to support farmers through financial aid, training, and improved market access, which is expected to create employment opportunities and enhance revenue streams. Furthermore, there are ongoing negotiations with Vietnamese investors to establish cashew processing plants in Kogi, facilitating direct exports to major markets such as The United States, Germany, Japan, and The United Arab Emirates. Ghana's cashew sector presents significant economic potential, with the capacity to contribute over $660,000,000 annually to the national economy, provided appropriate regulations and infrastructure are implemented.

Speaker 1:

The industry, which employs approximately 500,000 individuals, stretches across several regions in the country. The sector currently faces challenges of under regulation, fluctuating prices, and limited processing capabilities. The Tree Crops Development Authority is working to address these issues through licensing, fair pricing, and enhancing processing capacities to retain greater value within the country. Although current exports are mainly raw nuts, there is substantial potential for growth in processed cashew exports. In Vietnam, the cashew market is witnessing significant import growth, with over $4,000,000,000 worth of raw cashews brought into the country in the first ten months of 2024 alone.

Speaker 1:

Vietnam sources up to 90% of its raw cashews, from countries such as Cambodia and various West African nations. Despite elevated import expenses, Vietnam maintains a strong position in the global cashew processing and export sectors. The Vietnam Cashew Association is advocating for increased domestic cultivation and advanced processing methodologies to improve profit margins and develop a strong national brand for Vietnamese cashews. Recent surges in cashew prices have squeezed profit margins due to rising input costs, emphasizing the necessity for more domestic production and enhanced processing capabilities. The recently signed Memorandum of Understanding between Nigeria and Vietnam signifies a transformative partnership within the cashew industry.

Speaker 1:

This collaboration focuses on the transfer of technology and the strengthening of trade ties, which could significantly boost Nigeria's processing capabilities, to meet Vietnam's considerable processing demand. Both countries stand to benefit from this knowledge and technology exchange, as Nigeria contributes substantial raw cashew outputs and Vietnam offers advanced processing capacity. Industry analysts regard this partnership as a critical development that could elevate the status of the cashew industry in both nations. Global supply disruptions, notably in Tanzania, have posed challenges to the cashew market, affecting the availability and pricing of raw cashew nuts. Unrest in Tanzania is creating difficulties for major cashew processors and exporters, such as India and Vietnam, who are striving to secure consistent supply chains.

Speaker 1:

Vietnam, due to its advantageous geographic position, is managing these disruptions by paying premium prices and sourcing from nearby suppliers like Cambodia. However, continued instability in Tanzania risks extending supply shortages, likely driving global cashew prices upward. The persistence of these disruptions threatens more severe impacts on the worldwide supply chain and the pricing structures within the cashew market. Remember, our CropGPT site contains far more details and reports about the nuts market, including crop health reports, twenty years of weather data, and even pricing data, and earning call analysis. This podcast is just a few selected highlights for the week.