Maputo, Mozambique, 9 Dec – Mozambique expects to produce 90,000 tonnes of cashew nuts in the current agricultural campaign, a source from the National Cashew Institute (Incaju) told Macauhub in Maputo.
The Incaju source said that production would be more than enough to supply the 22 processing factories and 60,000 tonnes of unprocessed cashews would be exported as Mozambique did not have capacity to process them.
Sources from the cashew industry have said that Mozambique may only process 60,000 tonnes of cashews within ten years, but will still be far from the 75,000 tonnes it used to process in the 1990s when the sector was liberalised.
A source from Mozambique’s Centre for Investment Promotion (CPI) told Macauhub that there were Mozambican and foreign businesspeople interested in investing in the cashew processing business in Mozambique.
Cashew nuts are one of the country’s sources of revenues along with cotton, copra, sugar cane, citrus fruits, tea, tobacco and electricity. (macauhub)