Are cashew nuts Mozambique’s hidden commodity?

Published 2023년 4월 25일

Tridge summary

Africa, led by Mozambique, is the world's largest producer of cashew nuts, contributing to 56% of the world's production in 2019. Mozambique, the fourth-largest producer in Africa, produced approximately 160,000 tons in 2020, tapping into potential for increased production. The demand for cashew nuts has risen, with Vietnam and India becoming the top buyers, shifting from traditional markets in Europe and North America. The Mozambique government is encouraging cashew nut production through subsidies and the establishment of processing facilities, with a focus on increasing value addition and promoting sustainable farming practices, earning recognition from the WWF. The country's success in the global cashew nut market relies on continued investment and support for small-scale farmers.

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

Original content

Cashew nuts have emerged as a promising commodity in the global market in recent years. With its high nutritional value and versatility, cashew nuts have become a popular snack and ingredient in various cuisines worldwide. However, what many may not realise is that Africa is the largest producer of cashew nuts. According to the United Nations Conference on Trade and Development (UNCTAD), the global trade of cashew nuts was valued at USD 5.5 billion in 2019, with African countries accounting for 56% of the total production. For those following this market and paying attention to African countries, Mozambique stands out as a promising player. In 2020, Mozambique produced approximately 160,000 tons of cashew nuts, making it the fourth-largest producer in Africa after Nigeria, Ivory Coast, and Guinea-Bissau. The country’s production capacity remains largely untapped, with vast areas of land available for cultivation. This presents a significant opportunity for Mozambique to increase ...

Source: Clubofmozambique