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Mozambique may set benchmark price for cashew nuts
10:55 CAT | 05 Feb 2016
In file Club of Mozambique.
The government of Mozambique is likely to set benchmark prices to “control the sale of cashew nuts”, and a proposal has already been submitted to the Cabinet, said the director of the the Cashew Promotion Institute (Incaju).
Filomena Maiópuè told Mozambican daily newspaper Notícias, the proposal seeks to return some stability to the cashew sales process, providing benefits to both producers and the industry.
In recent years various parties involved in the buying process, especially foreigners who export of raw nuts, have set high purchase values, preventing the acquisition of raw material by the Mozambican industry.
The director of Incaju, an arm of the Ministry of Agriculture said that of the measure was approved in a Cabinet Meeting, it would start to be applied in the next campaign, which begins in September.
Source: Macauhub
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