Mozambique: Export of cashew nuts earns the country 220 million dollars

Raw Cashew Nut

Mozambique

Market & Price Trends

Published Nov 14, 2023

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Mozambique has seen a significant increase in income from cashew nut exports, earning $220 million in the last five years. Cashew nuts are currently the country's top agricultural export. The government aims to further promote the cultivation of other almonds, such as macadamia, and is seeking investments to establish processing industries for these crops.

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Original content

The director of the research area at the Almond Institute of Mozambique, Américo Wassiquete, said on Friday, November 10, during the first investment forum in Niassa, that the country had achieved an income of 220 million dollars in the last five years, in the export of cashew nuts. According to news from Rádio Moçambique, broadcast on Saturday, November 11, during this period, Mozambique exported 240 thousand tons of cashew nuts to the international market, and to date it is the first almond whose export brings the most foreign currency to the country. Speaking about the role of the Almond Institute in promoting the cultivation of macadamia and other almonds, Américo Wassiquete said that after cashew nuts, macadamia occupies a significant place in the production of oilseeds in Mozambique. The source explains that, looking at its commercial value, the Government, through the Almond Institute of Mozambique, tends to implement a framework of incentives for investment in this crop. ...

Source: Diarioeconomico