According to the Bank of Tanzania (BOT) latest Monthly Economic Review for March 2015 the export value of cashew nuts increased by 73% to USD…
Cashewnuts represent a small portion of agricultural production Tanzania, with an average of 300,000 hectares cultivated (2% of total area) producing more than 100,000t per year.
Most of the production is concentrated in the southern coastal regions of Pwani, Lindi and Mtwara which account for over 80% of total area and production.
Production of cashewnuts in Tanzania is characterized by smallholders’ farmers operating at subsistence level.
Nonetheless, Tanzania is known to produce premium quality cashewnuts fetching higher prices in the world markets compared to cashewnuts from other countries in Africa.
Such quality is attributed to favorable weather and soil conditions coupled with good agricultural practices exercised in the farms.
Most of the production of cashewnuts in Tanzania is exported without being shelled. The main destination of exports is India where raw cashew nuts are either shelled for export or used in.
The Cashewnut Board of Tanzania (CBT) indicates: “Tanzania is endowed with huge fertile and arable land where large plantations can be established to feed into processing factories and export markets. This opportunity is open to both local and foreign investors looking for areas to develop viable business ventures in agriculture.”
“Tanzania has a substantial potential to extend production and increase the amount and adding value of domestically processed cashewnuts beyond the current 10% while also making use of by-products,” CBT notes.
Tanzania’s Ministry of Agriculture, Food Security and Cooperatives is searching for investors to set up cashew nuts processing factories to exploit the economic opportunities of…