According to the official announcement from the Mozambique (Incaju) cashew council, Cashew crop 2020/2021 officially opened on October 30, 2020.
From November, IAM-IP and the government are expected to hold a cashew auction in Nampula province, where the largest production is in the country. This auction will be the first and will act as a pilot to be able to proceed for the coming seasons, just like in Tanzania.
In addition, the exporters of raw cashew nuts are also approved to export from November 15 with a maximum quota of 15,000 tons until the domestic manufacturers buy enough production, a month earlier than previous years. This helps Mozambique take advantage of the scarcity of the world market (from November to January).
Mozambique has an annual output of 80,000 - 130,000 tons, harvest time from September to January next year. With the policy of protecting domestic production, Exporters are only allowed to buy and export after the domestic producers buy enough raw materials for the whole year. This also contributes to making raw Mozambique less attractive than other countries on the international market.
STEVE - ASIAFRI COMMODITY NEWS
