The official price for a kilogram of cashew nuts in Mozambique fell from 37 meticais (58 US dollar cents) to 35 meticais (55 cents) for the 2023-2024 marketing year, the committee responsible for regulating the sector has announced. The deputy minister of Agriculture and Rural Development, Olegário Banze, quoted today by Notícias, the country’s largest daily, said that the fixed price guarantees “balance throughout the nut production chain so that there are no segments [especially] harmed”.
“In order for prices not to
be always dictated from the outside, it is necessary to create a more robust
scenario internally that allows the national market to impose its prices, which
involves increasing production and guaranteeing the processing of cashew nuts
at a domestic level,” Banze emphasised. Cashew nut production is a source of
income for thousands of families in Mozambique, mainly in the north of the
country. According to AIM news agency, India and Vietnam are currently
Mozambique’s main export destinations for cashews, and, therefore have the
greatest influence on prices in the market.
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