Tag: Cashew nuts

West Africa to earn US$1.5 billion from sale of cashew, spearheaded by new USDA, TechnoServe programs

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WEST AFRICA – TechchnoServe, an international non-profit organization has received two grants from the U.S. Department of Agriculture (USDA) to support the development of the cashew sector in Benin, Côte d’Ivoire, Ghana, and Nigeria. The support will enable the expansion of the BeninCajù project in Benin and launch of the new Prosper Cashew program in Côte d’Ivoire, Ghana, and Nigeria, which will help drive change across this important value chain, benefitting thousands of farmers and others employed in the sector. According to TechnoServe, the five-year Promoting Opportunities for Cashew Processing…

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Nigeria’s cashew value chain eyes US$10m investment opportunities triggered by USDA West Africa support

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NIGERIA – The United States Department of Agriculture (USDA) West Africa through its PRO-Cashew Project, has inked a Memorandum of Understanding (MoU) with the Federal Government of Nigeria to develop the nation’s cashew industry. The initiative is aimed to improve productivity and expand the national hectarage of the commodity, towards achieving national food and nutrition security, revenue generation, exchange earnings, wealth creation, and employment in the country, reports Vanguard. It is expected to catalyse up to US$10 million investment opportunities, create jobs, strength public and private partnership, improve trade, as…

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TechnoServe promotes smart-cashew farming in Benin leveraging on Artificial Intelligence

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BENIN – TechchnoServe, an international non-profit organization has partnered with tech-company Alteia to expand its CajùLab project, which aims to promote adoption of smart agriculture in Benin. The CajùLab project is funded by the Wehubit program of the Belgium Development Agency Enabel and further supported by the United States Department of Agriculture (USDA). Under the partnership according to TechnoServe, the project will focus on cashew production and will leverage on Alteia’s expertise of capturing data, analyze imagery, and deploy AI solutions through the use of drones in a bid to…

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Cashew nut production in Tanzania projected to decline to 222,400 tonnes in 2020/2021 season

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TANZANIA – Tanzania’s cashew nut production has been on the decline over the last few years due to changes in weather partners and spread of crop diseases in the plantations. According to Cashew nut Board of Tanzania (CBT), the country earned US$575 million (about TSh1.3 trillion) for the export of 313,000 tonnes of cashew produced in 2018 before declining to 225,304.98 tonnes in the next season 2018/2019. The sector further registered a decline in production in 2019/2020 reaching 232,681.8 tonnes. Prior to commencing the 2020/2021 season, the East African nations…

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Ghanaian agribusiness company Kingdom Exim to build US$15m cashew nut processing facility

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GHANA – Ghanaian agricultural trader, Kingdom Exim Ghana is seeking to invest US$15 million to establish a cashew processing plant in the country. The investment will be spread across 3 years with the company injecting US$5million per year in equipment and infrastructure development. According to Ghana News Agency, this is in addition the US$25 million investment made by the company over the past 13 years across different agriculture value chains. Kingdom Exim was established in 2008, as a leading West African agro-products exporter and supplier dealing with cashew nuts, shea…

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Tanzania Government sets new strategy to revive the cashew nut sub-sector

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TANZANIA – The government of Tanzania has stipulated interventions to increase cashew nuts production in the country following decline in yields in the last five years. The measures, according to Agriculture minister Japhet Hasunga, include establishment of a special fund to enable farmers acquire inputs. To this end according to reports by The Citizen, the government has scrapped the Cashewnut Industry Development Trust Fund (CIDTF) for what was described as failure to perform since it was established in 2010. In the event, its responsibilities were immediately shifted to the Cashewnut…

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Mozambique projects over 30% decline in annual processed cashew nut

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MOZAMBIQUE – Mozambique’s national cashew nut institute, Association of Cashew Industralists (AICAJU) is expecting a decline in cashew nut processing by its members in 2020 to around one third less than what was achieved in 2019. “AICAJU estimates that cashew processing this year will not reach 35,000 tonnes, compared to around 52,000 tonnes processed last year,” the association stated. The decline in production is attributed to the low number of primary processing plants, with the country now having less than 10 plants in operation and some are expected to suspend working…

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Mozambique seeks reduction on tariff of cashew nuts exports to India

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MOZAMBIQUE – The Mozambican government intends to negotiate with India for a tariff reduction subjected on Cashew nuts exports from 70% to 45%. According to the Director of the Cashew Institute, Ilídio Bande the negotiation should follow the example of what has been achieved for other crops, such as pigeon peas, which three years ago obtained exceptional measures for exports to India due to market conditions. According to Bande, the cashew has a 70% surcharge on the price when it arrives in India, which began to be applied in mid-2019.…

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USDA launches US$38m Regional Cashew Value Chain Project in West Africa

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WEST AFRICA – The United States Department of Agriculture (USDA) is implementing a US$38 million Regional Cashew Value Chain Project in Gambia, Senegal and Guinea-Bissau. The project carried out by USDA’s Food For Progress (FFPr) is targeted to run for 6 years to enhance the regional cashew value chain and improve the trade of processed cashews in local and international markets. The project also known as the Linking Infrastructure, Finance and Farms to Cashews (LIFFT-Cashew) was launched on January 29, 2020 in Dakar, Senegal At the launch event, numerous government…

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Cashew nuts account for 43% of Ghana’s total revenue from non-traditional export commodities

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GHANA – The government of Ghana under the Planting for Export and Rural Development (PERD) programme is supporting the development and distribution of about five million improved cashew planting seedlings to farmers this year. Mr. Seth Osei-Akoto, the Director of Crop Services, Ministry of Food and Agriculture (MoFA), who announced this said “with a GAP adoption rate of 74 percent and a productivity rate of 1,500 kilogramme per hectare credited to the use of improved planting materials, Ghana is steadily moving towards a more competitive cashew value chain”. He was…

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