info.afrindex.com
China-Africa Trade Information Service
info.afrindex.com
China-Africa Trade Information Service
Image from anzaniainvest.com
Tanzanian Agriculture Minister Japhet Hasunga recently announced that the Tanzanian government plans to triple its cashew nut production to one million tons over the next four to five years.
Tanzania's current cashew nuts output is estimated at 290,000 tons but as the government encourages cultivation in more provinces and enhances transparency in the trade, it has the potential to become the world's largest exporter of the nuts.
According to the International Nut and Dried Fruit Council, in 2017-18 cashew nuts global output was 3.3 million tons, of which more than half came from Coast and Guinea-Bissau. India and Vietnam were the other main producers together with Tanzania.
In November 2018, the Tanzanian government declared that it will be the sole buyer of cashew nuts produced by local farmers who struggled to get a decent price for their crops in the local market.
In November 2019, Tanzanian Prime Minister Kassim Majaliwa announced that the government released the final TZS 40 billion (USD 17 million) it owed cashew nuts farmers for the previous season.
Tanzania Cashew Nuts
Tanzania is known to produce premium quality cashew nuts fetching higher prices in the world markets compared to cashew nuts from other countries in Africa.
Such quality is attributed to favorable weather and soil conditions coupled with good agricultural practices exercised in the farms.
