1. Executive Summary
The determination of the viability or otherwise of establishing a cashew nut and juice processing factory in Idemili North Local Government Area of Anambra state was carried out on 27th June, 2012. The machineries and housing for the processing operations were identified and cost of each machine was collected from the fabricators or marketers of such machine. Also markets and prizes of the products were identified. A financial analysis of the project establishment was carried out and it was found that the cost benefit ratio is 0.43:2.34, while yield is @ 20% (IRR) showing that the project when established in the local government area will be highly viable. Environmental issues were also highlighted and future products and services to sustain the project were suggested.
Cashew (ANACARDIUM OCCIDENTRUS) which is a tree crop has emerged as the most lucrative cash crop in Anambra, State in general and my Local Government Area in particular. At present there are over 683 hectares of cashew plantation at Oghe and Oji-River in Enugu State near Anambra. There are also few hectares of cashew plantation at Eke, Ebe, Afa, Umuoka, Obeagu, Orba and Opi, all in Enugu State. Cashew plantation also exists in; Abatete, Umunnab, Esinomo, Ogidi, Umunachi, all in Anambra state. It is therefore necessary to determine the viability or otherwise of establishing a cashew nut and juice processing factory in Idemili North local government area of Anambra. 3. PROJECT RATIONALE
The project is the determination of the viability or otherwise of establishing a cashew nut and juice processing factory at Eziowelle village, Idemili North Local Governmant Area of Anambra state. This project is of great significance because of the establishment of the processing plant is viable it will make cashew crop more available by avoiding losses, provide better food and nutrition to the people, increase export and earn foreign exchange. It will also provide right type raw materials for the food and other agro-processing industries. It will generate employment opportunities and also ensure food security. Also it will increase income generated and reduce poverty due to greater financial returns to the farmer and others involved in production. It will also stimulate more production of cashew crop and ensure consistent supply of raw materials to the industries.
4. THE PROJECT DESCRIPTION
The project involves the determination of the viability or otherwise of establishing a cashew nut and juice processing factory in my local government area. This may lead to the establishment of the processing factory producing cashew nuts and cashew juice. The cashew apple or enlarged peduncle produces cashew apple juice. This is a rich source of vitamin C. In cashew nut processing, emphasis lies on the kernel and shell which are industrial raw materials. Kernel which is roasted contains about 15% protein and about 40% fat. The proteins are rapidly absorbable.
A. FLOW PROCESS CHART FOR PROCESSING OF CASHEW NUT
oven drying (dried at 12% MC) Cutting/shelling
B. FLOW PROCESS CHART FOR PROCESSING OF CASHEW APPLE TO JUICE Cashew apple
ready for marketing
blending Pasteurizing/Homogenizing filling
ready for marketing
|S/N |Machine/Equipment |Quantity | |1 |Steam boiler |1...
Please join StudyMode to read the full document