Global trading platform TridgeGlobal trading platform TridgeGlobal trading platform Tridge
Intelligence & Data
Sign In
Current Plan
Intelligence & Data Solution
Get started with Premium Plan of our Intelligence & Data Solution to get access to premium content and data in food and agriculture
Local News

Mozambique: Liberalization of Cashew Nut Export Lesa Indústria Nacional

Liberalização da Exportação da Castanha de Caju Lesa Indústria Nacional
This news article has been translated to English.
Cashew Nut Kernel
Nuts
Mozambique
COVID-19
Regulation / Agreement
Feb 16, 2021
Share This News
The liberalization of raw nut exports may be damaging the competitiveness of the processing industries in Mozambique. This is at least the idea that comes from the decision announced a few days ago by the multinational in the agricultural sector Olam, which decided to divest in the processing of nuts in the country.
The company considers that the liberalization of the export of raw nuts has placed its companies in a situation of unfair competition, which made business continuity in Mozambique unsustainable. In a virtual meeting with the Confederation of Economic Associations of Mozambique (CTA), Olam pointed out as the main reasons for the closure of the cashew nut factories the transformation of the global market, which started to negatively influence the export of processed nuts in Mozambique, which placed 30% of its production in India and Vietnam. According to data announced at the meeting, as of 2019, Mozambican production ceased to have access to these markets, following the imposition of customs tariffs by both countries to protect their industry, a situation that was aggravated by the negative impacts of the Covidean pandemic. 19. According to the source, internally, the crisis that has been shaking the subsector with the reduction of processing levels, from around 60 thousand tons, ...
image
Was this news article helpful?
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.