The market price of cashew nuts reduced to 25% in Mozambique due to Covid 19

The representative of the Cashew Nut Association of Mozambique has announced this week that the market price of the Mozambican cashew nut has fallen by 25% due to the effects of Covid-19 on demand. The representative also mentions that the protective policies applied by India and Vietnam and their increasing competition may also be causing a reduction in the price of the Mozambican Cashew, especially because of the lack of update in domestic response measures.