Africa’s cashew producers miss out on opportunities due to lack of processing capacity, UNCTAD says

Published 2021년 4월 16일

Tridge summary

The article, based on a UNCTAD report, highlights Africa's position as a major producer of raw cashews, accounting for nearly two-thirds of the global trade, but reveals a disappointing truth: the continent processes only a minimal portion of these nuts, thereby missing out on significant value addition and economic benefits. The report emphasizes that the global cashew market is expanding, with potential for increased local processing and value addition, which could help alleviate poverty and stimulate economic growth in Africa. However, the article also underscores the challenges African countries face, such as reliance on external deshelling and the need for improved policy and infrastructure to boost local processing capabilities. It emphasizes the importance of adopting sustainable and ethically sourced practices to cater to the growing demand for healthier and environmentally friendly food options. Additionally, the report suggests strategies to enhance the productivity and competitiveness of African cashew producers, including access to quality seedlings, technological expertise, and enhanced rural infrastructure.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Africa grows most of the world’s raw cashews but only processes a fraction of them, missing out on opportunities offered by rising global demand, according to a report by the United Nations Conference on Trade and Development. The global market for cashews is booming, but the African countries growing more than half the world’s supply aren’t cashing in due to their lack of processing industries, the UNCTAD report titled Commodities at a Glance: Special issue on cashew nuts said. “Countries that grow cashews but don’t process them at a significant scale retain only a small share of the value created as the nut travels from the farm to store,” Miho Shirotori, who leads UNCTAD’s work on trade negotiations and commercial diplomacy, said. “African farmers, exporters and workers are missing out on a wealth of opportunities.” African farmers, exporters and workers are missing out on a wealth of opportunities Miho Shirotori, UNCTAD About 20 million jobs are at risk in Africa as the ...
Source: Thenational

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