<p>Eleven out of 12 local cashew nut processing companies have closed down because of stiff competition from foreign businesses.The foreign businesses buy raw cashew nuts and export them, a development which has denied the local companies of raw cashew nuts to process.This came to light when the Minister of Trade and Industry, Dr Ekow Spio-Garbrah paid a visit to the Mim Cashew and Agricultural Products Limited as part of his three-day tour of industrial establishments in the Brong Ahafo Region.<br></p>