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Mozambique: Close to 35% of cashew nuts circulates in the informal market, industry is concerned

Perto de 35% da Castanha de Caju Circula no Mercado Informal. Indústria Está “Preocupada”
This news article has been translated to English.
Cashew Nut Kernel
Mozambique
Supply Yield / Stock Quantity
Others
Nov 8, 2021
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Cashew nut smuggling is seen as the main cause that is harming the product processing factories, which are forced to close due to a lack of raw material, thus leaving thousands of workers unemployed. The finding was made this Saturday by the participants of the debate under the theme "Challenges and Opportunities in the Marketing and Processing of Cashew Nuts: The Nampula Case", promoted by the Bank of Mozambique, in the city of Nampula, as part of its 46th Consulting board.
Cashew nut smuggling is seen as the main cause that is harming the product processing factories, which are forced to close due to a lack of raw material, thus leaving thousands of workers unemployed. The finding was made this Saturday by the participants of the debate on the theme "Challenges and Opportunities in the Marketing and Processing of Cashew Nuts: The Case of Nampula", promoted by the Bank of Mozambique, in the city of Nampula, as part of its 46th Consulting board. Data released at the time indicate that the situation is worrisome, such that of the 17 processing factories in the country, only nine are currently in operation, and their reopening is not expected soon due to lack of raw material. As an example, the average global production of the last five years in the country stood, on average, at around 140 thousand tons. However, of these quantities, only 40 thousand were destined for processing in the industrial units. At the meeting, it was also mentioned that around ...
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