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

Published 2024년 7월 25일

Tridge summary

The Almond Institute of Mozambique (IAM) reports that cashew and macadamia nut exports generate approximately 6.3 billion meticais (100 million dollars) annually, involving over 1.4 million families and employing more than 15,000 workers. Mozambique has the capacity to process 100,000 tons of cashews, with half of the production from Nampula. Macadamia nuts also hold significant global potential. Agriculture contributes 23% to the GDP, but only 17.2% of arable land is cultivated. Climate change poses a major challenge, necessitating more training and resilient technologies.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

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 ...

Source: Diarioeconomico