Firm targets export of 15,000 metric tonnes of raw cashew nuts
The export business head of Lionseal Industrial Limited, Mr. Bishnu Pattanaik, has said the company will be exporting 15,000 metric tonnes of raw cashew nuts (RCN) from Nigeria, opening up new markets for local businesses. He said the Nigerian market for sesame, cashew, soybeans, and gum arabic has been growing, with Lionseal increasing exports in […]
Cashew nuts
The export business head of Lionseal Industrial Limited, Mr. Bishnu Pattanaik, has said the company will be exporting 15,000 metric tonnes of raw cashew nuts (RCN) from Nigeria, opening up new markets for local businesses.
He said the Nigerian market for sesame, cashew, soybeans, and gum arabic has been growing, with Lionseal increasing exports in the forthcoming years.
The company is aiming for increased exports in the 2024–2025 season, along with its agrochemical products.
Speaking at the end-of-cashew-season ceremony for the 2024 season in Oyo town, Oyo State, Pattanaik highlighted the renewed vision of the firm’s founder, Rajashekhar Hande, which include providing farmers with top-quality chemicals, thereby establishing a strong and reputable brand.
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“Starting from scratch, the company has achieved significant milestones, targeting 6,000 metric tonnes of soybeans, 2,000 metric tonnes of sesame, and approximately 5,000 metric tonnes of raw cashew nuts.
“For the next season, from May 2024 to April 2025, our target is 5,000 metric tonnes of sesame, 23,000 metric tonnes of soybeans, 15,000 metric tonnes of raw cashew nut, and other agro commodities like ginger, sunflower, dry hibiscus, and others, totaling around 3,500 metric tonnes.”
According to him, Mrs. Indu Hande, the company’s lead expansion promoter, is committed to ensuring that partners receive the best value for their products as the company is consequently eliminating middlemen through its network of retail outlets in its agrochemical business.