Steem Business - Steemit Engagement Challenge Contest 1 | Business review in my city by @phlexygee (20% to SK)
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I will ponder on the raw cashew nuts trading business as the business review in my city.
Review of Raw Cashew Nuts Business in Sampa-Ghana
The lady in red is a local raw cashew nuts buyer, and I was selling mine to her, as you can see there is a small bag of cashew on the weighing scale.
Location of the business
Cashew is a natural resource which has many use cases such as making oil, fruit juice and snacks. But due to insufficient cashew processing companies in my city most entrepreneurs in my city are much interested in the cashew buying business.
The business minded local cashew buyers buy the cashew nuts from the cashew farmers in kilograms from all angles of the city, more especially at the joints near the cashew farms, whiles other renowned cashew buying companies buy tons of the raw cashew nuts from the local cashew buyers and export them.
The local buyers later gather their purchased cashew nuts in sacks and then sell them to the buying companies ,with a profit rate of Gh0.5 (50 pesewas) on each kilogram sold, thus a profit equivalent to 0.2 steem on every kilogram as a profit to the seller.
Raw cashew nuts being loaded on a vehicle at the A.K.P cashew nuts buying company, for transportation to the Tema harbour for exportation.
Raw cashew nuts dried outside the A.K.P cashew drying yard, due to space insufficiency, after being bought from the local buyers.
In my city Sampa-Ghana,1kg of cashew nuts is purchased at a price of Gh¢6 which is equivalent to 2 steem.
An average Cashew nuts sack is 88kg and currently it cost Gh¢528 which is equivalent to 18 SBD.
To startup as a local cashew nuts buyer, you will need about Gh¢3,202 (108 SBD) excluding the cost of your weighing scale, shop and other expenses.
A Cashew nuts sack has no fixed kilograms, so far as the sack can contain the nuts. Let's take 98 kilograms of a cashew sack as a case study. A 98kg of cashew nuts sack will be multiplied by the profit per kg, thus 0.2 steem multipled 98kg equals to 19.6 (Gh¢49)
Most of these companies are Asian and European countries such as India, China and Vietnam companies.
![iMarkup_20220423_154831.jpg](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmX3TGBUGJu2pvBj36BMKHZxDfhWj1dSXG4rtLf6ERjbQW/iMarkup_20220423_154831.jpg)
Conclusion
The trading of raw cashew nuts is very vibrant in my city, due to the crop's availability and the profit that entrepreneurs and companies gain from the business.
I have made a review of the cashew business, and thank you for reading.
The transport business vis really important as with efficient transportation of goods and services farm produce would not reach the desired consumers and thus may lead to famine
Sure. 😎
Welcome and thank you @phlexygee for your participation and contribution to the success of the "Steemit Engagement Challenge" Program initiated the Steemit Team by participating in the Steem Business Contest from the Steem Entrepreneurs Community
May success be with you in life and steem on!
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Keep up your good work, best regards and good luck !
Thank you.
Wow you have beautifully highlighted your city's business and the value of the cashew business and it's equivalent in steem, indeed it is a nice post you have composed here could only wish digital currency are accepted in all forms of business
Sure. Digital currencies are the new world.
Thank you.
Wow. This is great.
U have a cashew tree in my house but I never use of it as business.
I will have to work on it. Thanks for the enlightenment 😊
Yes, the cashew crop entails great business opportunities.
You can equally start a cashew nuts business at your hometown, with regard to this piece of insight.
Better still, you are welcome to the Sampa cashew nuts business.
I will look into it
Good 👍🏽
I used to eat alot of cashews back in my secondary school days but now I barely see or get the chance to taste it nowadays. Reading this post has made me remember the good old days. This business seems like it is flourishing increasingly. I don't know about Ghana though but Nigerians love cashew. If I ever find myself in Ghana, thanks to the location, I would be sure to stop by
You are always welcome, bro.
Wow! Never knew cashew could be used to produce many things. I just eat my cashew fruit and throw the seed away..
Thanks for the Cashew business review it was insightful..
Thank you dear.
The cashew crop create business opportunities for the masses.
The rebagging after being dried, offloading and onloading of the raw cashew nuts in the various cashew companies also help people to gain income for good standing of living.
Definitely, I will make a different publication which would be focused on what really happens within the buying companies.
Thank you once again for visiting my article. 😊
Wow! I'm liking the business already!
Looking forward to more posts on that from you!
My pleasure dear🤗
😉
So, it's needed more industrial infrastructures in order to boost the selling of cashew from the part of businesses and help out the economy of the mentioned area. That's so important for the growth of any population that want to go on and get success in their activities. Regards from Venezuela. Happy weekend on Sunday.
Yes, capital and industrial infrastructures are of essence to the cashew business in order to boost the business as well as the economy.
Thank you friend, for paying my blog a visit. 😊