Thursday, March 8, 2012

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Tanzania Cashew Sales Hit by Reduced Demand in India, Vietnam

  • Thursday, March 8, 2012
  • Thùy Miên
  • cashewnews_010Tanzania failed to sell about 80,000 metric tons of cashew nuts this season because of reduced global demand, the Cashewnut Board of Tanzania said.

    Total output for the season, which runs from September to April, is about 160,000 tons, Ayub Mbawa, acting director- general of the board, said in a phone interview today from Dar es Salaam, the commercial capital.

    “The demand among processors in countries like India and Vietnam, where our cashew nuts are exported, has not been very good,” Mbawa said. “Our immediate concern is for the farmers to get paid, because they already sold the crop to cooperatives, but some have received part payment,” Mbawa said.

    Tanzania is Africa’s largest cashew-nut grower after Nigeria, Ivory Coast and Guinea-Bissau, and is the world’s ninth-biggest producer, according to the United Nations’ Food and Agricultural Organization.

    Source: http://www.bloomberg.com/news/2012-03-08/tanzania-cashew-sales-hit-by-reduced-demand-in-india-vitenam.html

    1 Responses to “Tanzania Cashew Sales Hit by Reduced Demand in India, Vietnam”

    nzeyimana76 said...
    March 20, 2012 at 5:50 AM

    Then it is time to look for another market in europe,Netherlands,Germany,Belgium and other contries where the farmers can benefit from there work.
    Me in the Netherlands would like to help in finding new markets for the product it is dangerous to put all eggs in one basket, and one buyer to monopoly the market at the expences of the famers. S Nzeyimana. Netherland


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