Mozambique: Cashew and macadamia earn the country 100 million dollars per year

The Almond Institute of Mozambique (IAM) reported on Wednesday, July 24, that cashew nuts and macadamia nuts yield the country, through exports, around 6.3 billion meticais (100 million dollars) per annum. Speaking during the panel on “Investment Opportunities in the Agro-business Sector” at the Arab-Mozambique Investment Forum, IAM representative, Ilídio Bande, stated that “at this moment, both crops are already being exported. We have an average income of around 6.3 billion meticais (100 million dollars) per year as a result of its export”. The source pointed out that the value chain for both crops encompasses more than 1.4 million Mozambican families. “We have registered over 89 companies, both cashew nuts and macadamia nuts, and more than 15 thousand workers are directly employed. At the moment, the almonds produced have great commercial value and we are still looking for opportunities to introduce more almonds into our market”, he said. As for cashew nuts, Ilídio Bande ...