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  • Cashew production hits 4-year low, sales drop to Sh475bn 04/21/2021

    Apr 21st, 2021

    Cashewnut farmers earned low in the ending season as both production and prices slowed during the period. The production of the crop hit a four-year low of 206,718.88 tonnes in the 2020/21 season, lowering income of farmers from growing regions. Last season, cashew production was 232,681.8 tonnes with the farmers pocketing Sh578.75 billion for selling the raw produce. In the ending season, the farmers have pocketed Sh474.8 billion from 204,953.61 tonnes sold during auctions held in the 2020/21 season as per data of April 9, this year. According to a recent report, the amount sold during auctions is part of 206,718.88 tonnes of the total production and that 1,765.28 tonnes were sold to domestic processors during the preliminary markets. The 2020/21 raw cashewnut (RCN) trading season commenced on September 1, last year through the stakeholder’s general meeting held in Lindi Region and respective auctions that kicked off on October 9, last year. A total of 50 licences were issued to cashew buyers which is 15 permits less as compared to 65 certifications made to firms in the 2019/20 season.


    Source: https://www.thecitizen.co.tz/
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