Browsing: Cashew farming in Mozambique

• Agro-business has emerged as one of the most promising fields, whether for small or large enterprises, due to the chronic shortage in food production in the nation. 
• The estimated 70% gap in energy access in Mozambique creates a market that is drawing more attention from renewable energy investors
• Financial markets are showing promise of good returns, including forex and cryptocurrencies

The World Bank projects Mozambique will grow by 5.7 percent between 2022 and 2024 driven by increased demand post-pandemic and the start of LNG production. This is expected to stimulate other sectors including extractives, services and boost exports.

Analysts agree that transportation and logistics, energy, ICT, capital markets, agribusiness, banking, insurance, and textiles provide enormous potential for commercial success in Mozambique.

Pedro Correia, Country Manager of Flying Submarine, says a number of sectors are ripe for investment and growth due to the changing business and regulatory environment.

Yet, there is …

The Cashew Industry Association (AICAJU) does not identify with the current model, which assigns the government the leading role in setting prices. “AICAJU reinforces its position already expressed previously, and once again appeals to the need to let the market work, since this is what will dictate the real reference price,” reaffirms the association’s Julina Harculette.

In 2021, Harculette said, the Mozambican cashew industry processed around 32,663 tons of cashew nuts last year when the reported total production was 146,000 tons, an increase of 6.52 per cent against the previous year. In 2020, 30,664 tons of cashew were processed in Mozambican cashew industries.

According to Tridge, Europe is the world’s largest importer of cashew nut kernels, accounting for 35-40 per cent of global cashew import value. The value of European cashew nut imports increased by an average of 2 per cent a year in the 2017-2021 period, and volumes increased …