Mozambique expects 160,000 tons of cashew for export in 2024-25

Published 2024년 11월 25일

Tridge summary

Mozambique has approved reference prices for its current cashew nut harvest, expected to yield 160 thousand tons, ranging from 84 thousand meticais to 101 thousand meticais per ton. This decision was made during the 2nd Session of the Almond Committee, led by Ilídio Bande, due to unfavorable weather conditions causing a 32.6% decrease in cashew nut exports in the first quarter of 2024. The main destinations for Mozambican nut exports are India, Vietnam, the USA, the Kingdom of the Netherlands, and China, and the reference price for selling the raw material to producers this season is 10% higher than the previous season.

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Original content

Cashew nut exports are officially open, with the current harvest expected to produce 160 thousand tons, following the approval of reference prices for this 2024-25 harvest, which range from 84 thousand meticais (US$1339) per ton to 101 thousand meticais (1613 dollars), reported the newspaper Notícias, this Monday, November 25th. According to the Almond Institute of Mozambique (IAM), the decision was taken a few days ago, in the city of Maputo, during the 2nd Session of the Almond Committee, led by the respective general director, Ilídio Bande. According to the Bank of Mozambique (BdM) report, cashew nut exports registered an annual decrease of 32.6% in the first quarter of 2024, standing at 2.1 billion meticais. According to the document, the drop is mainly due to unfavorable weather conditions, namely the occurrence of cyclones and intense rains that affected the provinces of Gaza, Inhambane, Manica and Sofala during the months of December 2023 and March 2024. Data analysis ...

Source: Diarioeconomico