World: Private sector spurs cashew trade

Published 2024년 9월 25일

Tridge summary

The global cashew nuts industry had a slight decrease in value from 2.7 to 2.6 billion US dollars in 2021, with over 2.8 million tonnes traded. Cote d’Ivoire, Cambodia, and Ghana were the leading exporters, while India, Vietnam, and the United Arab Emirates were the top importers. Tanzania, an emerging market, produced 189,113 tonnes of cashews, with India importing over 61% of its exports. The industry, which benefits from seasonal harvesting, has seen fluctuations in global prices, averaging around 1,100.8 to 1,127.8 US dollars per ton. The article also highlights the need for more processed cashew nut exports, suggesting that the current reliance on raw cashew exports needs to be addressed.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The global value of cashew nuts industry is currently valued at 2.6 billion US dollars having dropped slightly from 2.7 billion US dollar in the year 2020. And for the record, more than 2.8 million tonnes of cashew were traded around the world. Cote d’Ivoire, Cambodia and Ghana emerged as the leading exporters of the crop last year whereas India, Vietnam and United Arab Emirates were the top importers. Production Tanzania is one of Africa’s leading producers of cashew nuts an emerging industry whose exports brings in more than 10 per cent of country’s foreign exchange. According to Tanzania Cashew Board Tanzania produced 189,113 tonnes of cashew during the last season valued at 347bn/-. Major producing regions of raw cashew nuts in Tanzania are Mtwara, Lindi, Coastal Region, Ruvuma, Tanga and Dar es Salaam in the descending order. Cashew nuts board of Tanzania though reports that 2019 production have declined to 232,681.8 metric tonnes – which is 10 per cent of world’s total ...

Source: WTOCenter