India finances purchase of beans from Mozambican producers

19 October 2017

The government of India has pledged US$10 million in funding to enable the Mozambican Grain Institute (ICM) to buy the Boer beans currently held by farmers, the ICM’s director general said on Wednesday in Maputo.

João Macaringue, who recently travelled to New Delhi for official contacts, restated that the Indian market remains open to all kinds of beans produced in Mozambique, according to Mozambican newspaper Notícias.

“The Indian authorities have assured us that of the 125,000 tonne quota that is reserved for Mozambique for 2017/2018 we can still sell 78,000 tonnes,” Macaringue said, adding that the funds to be granted will launch the mechanism to buy and store the beans for export to India in 2018.

The director general of ICM said that Mozambique is the only country that has an export agreement with India in this area and noted that producers will have to register and have a certificate of origin issued by the institute when they want to export their produce.

At the same press conference, India’s High Commissioner Rudra Gaurav said Mozambique’s 2017/2018 quota is 125,000 tonnes with annual increases of 25,000 tonnes, “so that by 2020 we will import 200,000 tonnes of beans from this country.”

The diplomat said that India annually produces 23 million tonnes compared to a consumption of 30 million tonnes, “so Mozambique’s quota of 125,000 tonnes is tiny compared to the 7 million tonnes we import annually.” (macauhub)