Agriterra announces Mozambique losses
The Mozambican government says it earned $120 million from the marketing of 137,000 tonnes of cashew since the start of the 2016-2017 marketing year, up from $23.1 million in the previous marketing year, 2015-2016, APA can report on Wednesday. The output surpassed the target of 120,000 tonnes this year.
“The marketing and export campaign for cashew nuts is proceeding at a good pace,” government spokesman Mouzinho Saide was quoted as saying by state-controlled Radio Mozambique on Wednesday.
According to Saíde, who is also deputy Minister of Health, the cashew sub-sector provides employment and income for more than 1.4 million families across the country.
The raw cashew nut is exported to India and Vietnam, as well as the United States of America.
In the country, the central provinces of Zambézia and Manica, southern Inhambane and Gaza, and northern Nampula are the largest producers of cashew nuts.
The activity is developed on a large scale by the family sector.
According to the African Cashew Alliance, having doubled production over the past decade, Mozambique’s two million cashew farmers produce nearly half of the world’s supply of raw nuts.Source: APA