Mozambique: Cashew nut price drops by two meticais in the next marketing campaign

Cashew Nut Kernel

Mozambique

Regulation & Compliances

Market & Price Trends

Published Oct 3, 2023

Tridge summary

The Mozambican Government has set the reference price for cashew nuts at 35 meticais per kilogram for the 2023-24 marketing year. This decision was made during a meeting with producers and industry associations, with the aim of maintaining balance in the cashew production chain. Despite not being the desired price, producers reluctantly agreed to the lower price in order to ensure the sustainability of the industry.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

This Monday, September 2, the Mozambican Government set the reference price for cashew nuts at 35 meticais per kilogram for the next 2023-24 marketing year. The decision was announced this Monday, October 2, in Maputo, during the first session of the almond committee, which brought together several producers, the Caju Industry Association and the Almond Institute of Mozambique. Therefore, a kilogram of raw cashew nuts must be purchased from the producer at a price of 35 meticais, a relatively low value compared to that practiced in the last campaign, which was 37 meticais. According to the deputy minister of Agriculture and Rural Development, Olegário Banze, who led the meeting, the decision took into account the need to maintain balance throughout the chestnut production chain so that no segments are harmed. For the producers' representative, Elídio Dias, the agreed table is acceptable, despite not being the desired one, taking into account the producer's real cost. The source ...

Source: Diarioeconomico