The Tanzanian cashew nuts industry currently employs nearly 700,000 farmers - 90 per cent of whom are found in the regions Mtwara, Lindi and Pwani. Of these, Mtwara takes the lead by having a huge area cultivated at around 47 per cent, followed by Lindi (30 per cent) and Pwani (13 per cent).
In 2020, the cashew trade progressed relatively well. This is certainly the case when compared to the 2018 industry debacle when export problems created a drop from a peak cashew nut export of 329,511 tons in 2017 to 70,170 tons the following year.
While there are no cumulative export number at this point in time, the prevailing market price in the country and on the international stage is more than enough to create a picture of how the cashew nuts season will fare. The prevailing buying price in Mtwara auction centres is around 2,300 Shillings a kilo, down from 2,500 Shillings last year.
And this appears to be a reflection of global market position which is currently providing US$1,450 per ton, again a deep dive from US$1,600 last year.
[100 Shillings = € 0,035 ]
Photo source: Dreamstime.com