- Tanzania cashew nut prices triple.
- The country plans to export processed cashew nuts by 2027.
- Over 1500 acres set for a cashew nut industrial park.
Tanzania is planning to move from the export of raw cashew nuts to processing in-country and export added value exports of the product. Notably, the Tanzania Mercantile Exchange (TMX) has reported that the East African country’s cashew nut prices have more than tripled, growing from several cents per kilogram last harvest to over two dollars this season.
“This is the first time prices have increased to such record high. We welcome this development as the auctions continue,” notes Sharifu Linjenje, a cashew farmer from Newala District in the Mtwara region.
The farmer was one of many others who told local media that should the high price be sustained, then it will make a difference in the farmers’ lives. Market prices of raw cashew nuts have …
The post Tanzania’s bold move to boost cashew nut exports by 2027 appeared first on The Exchange.
