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Cashew Nut Exports Earn the Country $220M

Cashew Nut Exports Earn the Country $220M

The director of the research area of the Almond Institute of Mozambique, Américo Wassiquete, said on Friday, November 10, during the first investment forum in Niassa, that the country has achieved an income of 220 million dollars in the last five years from the export of cashew nuts.

According to a report by Rádio Moçambique, broadcast on Saturday, November 11, during this period Mozambique exported 240,000 tons of cashew nuts to the international market, and so far it is the first nut whose export brings the most foreign exchange to the country.

Speaking about the role of the Almond Institute in promoting the cultivation of the macadamia and other almonds, Américo Wassiquete said that after cashew nuts, the macadamia occupies a significant place in oilseed production in Mozambique.

The source explained that, given its commercial value, the government, through the Almond Institute of Mozambique, tends to implement a framework of incentives for investment in this crop.

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For his part, William Prado, managing director of the Niassa Macadâmia company, explained that his firm is looking for investment to set up an industry to process this crop, which could be an asset for generating more jobs.

It was the Prime Minister, Adriano Maleiane, who officially opened the Investment Forum, representing the President of the Republic, Filipe Nyusi. The aim of the event was to attract public and private investment to the agribusiness sector, with a focus on the value chain for macadamia, maize, wheat and soya, among other crops, as well as the energy sector.

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