Cashew nuts, represented by the ticker symbol SCSN, have surged over 17% year-to-date in the commodities market, outpacing cocoa to become the top-performing commodity thus far in 2025.
This information is based on data from the private commodities exchange, AFEX, which offers daily trading insights on various monitored commodities.
Beginning the year at N1,270 per metric tonne, cashew nuts saw moderate growth in January and a surge in momentum in the first week of February 2025, while cocoa closely follows with a year-to-date performance of 15.7%.