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  • Philippine: Cashew-nut farmers post high profit in 2014–report

    Aug 11th, 2015

    FARMERS of cashew nuts attained the highest rate of profit in 2014, registering a net gain of P5.34 for every peso investment, the latest report from the Philippine Statistics Authority (PSA) showed.According to the report, titled “Costs and Returns of Selected Agricultural Commodities 2012 to 2014,” the production cost of cashew nuts per kilogram averaged P4.60 in 2014, while the farm-gate price during the period was P20.17.In addition, the maintenance costs incurred in producing cashew nuts averaged P2,784 per hectare last year, while gross earnings amounted to P17,414 for a yield of 597 kilograms per hectare. This made the net of all costs and returns reach an average of P14,666 per hectare.