World: Private sector spurs cashew trade

The global value of cashew nuts industry is currently valued at 2.6 billion US dollars having dropped slightly from 2.7 billion US dollar in the year 2020. And for the record, more than 2.8 million tonnes of cashew were traded around the world. Cote d’Ivoire, Cambodia and Ghana emerged as the leading exporters of the crop last year whereas India, Vietnam and United Arab Emirates were the top importers. Production Tanzania is one of Africa’s leading producers of cashew nuts an emerging industry whose exports brings in more than 10 per cent of country’s foreign exchange. According to Tanzania Cashew Board Tanzania produced 189,113 tonnes of cashew during the last season valued at 347bn/-. Major producing regions of raw cashew nuts in Tanzania are Mtwara, Lindi, Coastal Region, Ruvuma, Tanga and Dar es Salaam in the descending order. Cashew nuts board of Tanzania though reports that 2019 production have declined to 232,681.8 metric tonnes – which is 10 per cent of world’s total ...