Tanzania earns $589,000 from cashew export in one day

Tanzania has earned $638,067.85 (Sh1.08 billion) from raw cashew nut export in one day, data have established.

The data from the India-based Seair Exim Solutions Information for Business show Tanzania exported 526.26 tonnes of the raw cashew nuts to India on December 24.

The Indian ports which had received cashew nut cargo from the sailed ships from Tanzania include Vizac Sea, Mangalore and Cochin Sea.

The director general of Cashew nut Board of Tanzania, Mr Mfaume Juma, said the amount of shipped cargo to India is part of more than 170, 000 metric tonnes of raw cashew nut shipped to India this year.“We have shipped huge cargo of cashew nuts. We are now closing the season. Right now there are still farmers selling cashew nuts in various auction markets,” said Mr Juma.

He also said there were also more cargoes of cashew nuts at the ports for export to India as the Asian country is the biggest market for Tanzania’s cashew nuts.

Tanzania is in the process of mobilising millions of smallholder farmers to cultivate cashew nuts as the global demand for cashews is growing, according to report circulated by the International Trade Centre (ITC) in September 2014.

The ITC said to begin with, an agreement was signed in August this year between the government-owned Commission for Science and Technology and the Mkinga District Council in Tanga Region to revive the crop.

“The soil fertility in the area is good for cashew tree cultivation. The project provides small-scale farmers in the selected four villages, many of which are women, with technology on cashew farming under the guidance of trained extension officers and experts from Naliendele Agricultural Research Institute in Mtwara,” reads part of ITC report.

Source: http://asokoinsight.com