Investor Presentaiton
High quality output (65% whole nuts) required to make
processing more attractive than exporting raw cashew nuts.
Incremental profit from selling processed cashew vs. exporting raw
cashew nuts ($ per ton)
1,122
1,012
+40%
+27%
770
-4%
330
90% Whole
and 10% bits
65% Whole 25%
splits 10% bits
30% Whole 40%
splits 30% bits
100% bits
Profit from export
800
of raw cashew nuts
-59%
Profit from processed
cashew nut ($ per ton)
High
Level of processing complexity
Low
-
Assumptions: price of raw cashew nut $800 per ton; price of whole cashew $6000 per ton; price of split cashew $4000 per
ton; price of broken (bits) cashew $2000 per ton; processing cost $500 per ton; Kernel output rate amount of kernel
expected from raw cashew 22%;
Source: IFC
GAFSA (2015)
Cashew processing
Implications
Processing activity is
highly risky but has strong
potential to generate
profits in the long-run
Skilled processors and
adequate machinery is
paramount to obtain at
least "65% whole, 25%
splits, 10% bits" cashews
95
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