Guinea Bissau: Cashew nut exports to increase in 2008

22 May 2008

Bissau, Guinea Bissau, 22 May – Guinea Bissau’s cashew nut exports are this year expected to reach 106,000 tonnes, or 8,000 tonnes more than in 2007, the country’s director general for Trade and Competition said in Bissau Wednesday.

Jaimantino Có said that that level of sales was expected to bet income for the state of 60 billion CFA francs (91.6 million euros).

According to Có, the Trade Ministry had already authorised the export of around 40,000 tonnes of cashews to India, which are currently in the port of Bissau awaiting shipment.

India, the main world purchaser of cashew nuts, acquire Guinea Bissau’s annual production, but the Bissau government is in talks with Brazil, Thailand and Vietnam in order to try and diverisfy its markets, Có said.

As well as the 40,000 tonnes that are ready to be shipped, the warehouses in Bissau are holding between 50 and 60,000 tonnes of cashews, he said.

Có added that the cashew season may end earlier this year, in July, as opposed to other harvest years which ended between August and September. (macauhub)