India pursues pulse import agreements with Argentina and Brazil
File photo: O País
A kilogram of raw cashew nuts will sell for 43 meticais in the next marketing year (2021-2022), the Cashew Committee determined this Friday after consultations with stakeholders in the value chain.
In order to fairly remunerate producers, local traders, processors and exporters, and in light of regulations for the promotion, production, marketing, processing and export of cashew nuts, the Cashew Committee set 43 meticais as the reference price for the purchase of cashew nuts for the 2021/2022 marketing year.
According to the director of the National Cashew Institute of Mozambique (IAM), Ilídio Bande, the new price resulted in part from listening to the various actors in the cashew nut value chain, namely producers, local traders, processors and exporters
Having heard their opinions and suggestions, the Cashew Committee decided to fix the 43 meticais per kg price, a slight increase compared to the 37 meticais of the last cashew nut marketing campaign.
Internal factors were decisive for setting the new price, but Ilídio Bande was also aware of the international market situation, which, above all, imposed the adjustment.
“From January to September this year, there is an increase in the price of cashew nuts internationally form around US$2.3 to US$3.5,” Bande commented.
Regarding the international situation, Bande highlighted out the influence of the African market, especially the countries of the western region.
“The prices that are practiced there are at an average partially equal to ours, so we could not remain oblivious to this market imposition,” stated Bande.
The director of the IAM was quick to remark that this was only a reference price, as it may change, although not by more than 10%.
“It means that it can fluctuate 10% above or below 43 meticais, but this must happen within the interests of producers and buyers,” our source said.
In turn, producers believe that the update of the reference price for the nut will encourage the market, being subject to revision if the market requires it.
The associations of producers and industrialists pointed out that it is crucial for the country to follow the dynamics of the nut market, so that it does not suffer from the prices of other countries.
“If by chance the price of cashew nuts goes down on the international market, we will also have to lower ours,” said Cabir Ibrahimo, representative of an industrial and agricultural association based in Nampula.
“If we take too long to readjust the price in view of the international situation, the product will have no outlet and, consequently, it will not be sold, thus harming the producers, since they do not have facilities to store the product.”
The cashew nut marketing year starts in October of this year, with sales of about 160,000 tons expected.
By Precidonio Silverio
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