Cashew Nuts: Authorities prohibit commercialization before expected season in Mozambique

Published 2024년 10월 14일

Tridge summary

The Almond Institute of Mozambique (IAM) has announced a ban on the sale of cashew nuts throughout the country, ahead of the 2024-25 agricultural marketing campaign, in an effort to increase the quantity and quality of the product. The government has set the reference price for cashew nuts at 45 meticais per kilo. Prices at a secondary level will be determined by the quality of the product and by mutual agreement. The ban is part of efforts to address a significant annual decrease in cashew nut exports, primarily due to unfavorable weather conditions. India continues to be the main destination for Mozambican cashew nut exports, alongside other products.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Almond Institute of Mozambique (IAM) stated that under the new regulation, the sale of cashew nuts throughout the national territory is prohibited, before the official start date of the 2024-25 agricultural marketing campaign, highlighting that the measure aims to allow increasing quantity and improving product quality. The entity, cited by the newspaper Notícias, highlighted that the reference price for purchasing cashew nuts from the producer has already been approved by the Government, stressing that they will cost 45 meticais per kilo in the next campaign to be launched soon. “The reference price will be updated whenever there is a significant fluctuation in the international market. In this context, commercial and industrial associations must collaborate with local and community administrative authorities in publicizing and complying with marketing procedures”, he maintained. The IAM also made it known that the prices to be charged by interested parties, at a secondary ...

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