A sudden new influx of external investment in oil exploration and mining has strengthened the value of the Mozambican currency, the metical, against the U.S. dollar, causing the country's cashew nuts to become too expensive for foreign buyers, who now go to cheaper markets. With a steep decline in buyers, the fortunes of cashew farmers have also declined
From 113,00 tonnes harvested in 2010, only 63,000 tonnes of cashew were harvested in 2011.
more...
To ease your site search, article categories are at bottom of page.
October 04, 2012
Oil, mining investment contributing to decline of Mozambique cashew sector
Categories cashew, Mozambique
