Mozambique: Cashew nut exports begin

Published 2024년 11월 25일

Tridge summary

Mozambique has started its 2024-2025 cashew nut export campaign with reference prices set between US$1,339.00 and US$1,613.00 per ton, based on quality, as determined by the Almond Committee in Maputo. Despite a 32.6% drop in export value in early 2024 due to adverse weather, the country anticipates producing around 160,000 tonnes this season. Key export markets include India, Vietnam, the United States, the Netherlands, and China. Additionally, the price for raw cashew nuts has risen to 45.00 meticais per kilogram.

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

Original content

Cashew nut exports are now officially open, following the approval of reference prices for this 2024-2025 campaign, ranging from US$1,339.00 per ton for “44 lbs out-turn” quality to US$1,613.00 for “53 lbs out-turn”. According to the Institute of Nuts (IAM), the decision was made a few days ago in the city of Maputo, during the 2nd Session of the Almond Committee, chaired by its director-general, Ilídio Bande. According to the report by the Bank of Mozambique (BdM), cashew nut exports recorded a year-on-year decrease of 32.6% in the first quarter of 2024, to 2.1 billion meticais. The shortfall is mainly due to unfavourable weather conditions, namely cyclones and heavy rains in Gaza, Inhambane, Manica and Sofala provinces during in December 2023 and March 2024. Analysis of the data reveals the variability of cashew export figures. In the first quarter of 2022, exports reached a value of approximately 2.5 billion meticais, but this increased to 3.4 billion meticais for the same ...

Source: Clubofmozambique