The cashew production in Tanzania is heading to the ceiling

Published 2022년 10월 9일

Tridge summary

The Tanzanian government has allocated a subsidy of 90bn/- to boost agricultural production, with a focus on increasing cashewnut harvest from 240,000 tonnes to 400,000 tonnes in a single year. The goal is to further raise production to 700,000 tonnes by 2025/26, by expanding cashew farming regions and increasing domestic processing capacity. The government also aims to improve quality control in cashew processing to increase export revenue. Additionally, the government plans to distribute seedlings and provide loans to processing companies to modernize their equipment, with a focus on maintaining high-quality standards to retain markets in the USA and European Union.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Dodoma — THE government has put in place a number of interventions, including issuing a 90bn/- subsidy for agricultural inputs that saw increasing production of cashewnut, with 400,000 tonnes harvested this year compared to 240,000 harvested last year. Acting Director General of the Cashewnut Board of Tanzania (CBT), Mr Alfred Francis speaking on the strategies and implementation of taking the industry to the next level in Africa and world market said the projection is to reach production of 700,000 tonnes of cashewnut in 2025/26 financial year. "The board has put strategies in place to increase cashew production from 400,000 harvested this season to 700,000 tonnes by 2025/26, and increase domestic cashew processing capacity to 60 per cent," he said. The board has also widened the scope of regions conducting cashew farming from the traditional five regions to 17-regions. "The projections were made on the basis of increased cashew trees and acres of land planted with the crop ...
Source: All Africa

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
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.