Browsing: Mozambique

Minerals Africa

Africa is home to nearly all the valuable minerals that are essential to generating wealth, producing commodities, and advancing technology. Approximately 30 per cent of the world’s mineral reserves are in Africa, but most mineral-rich countries remain poor with little to celebrate. Some of the key minerals found in Africa include oil, diamonds, gold, silver, copper, cobalt, coal, iron ore, uranium, and platinum.

Raw cashew nut in sacks ready to be sold, Mogovolas district, Nampula province, Mozambique. www.theexchange.africa

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 by 6.5 per cent annually over the same time. Virtually all cashew imports from outside Europe come from developing countries.