Cashew exports to hit record high in 2023

In 2022, Mozambique exported agricultural products worth 562.3 million dollars, including 51.7 million dollars worth of cashew nuts, according to a report by the Bank of Mozambique quoted by Lusa news agency.

In the first quarter of 2023, this export amounted to 50.8 million dollars and a further 2.2 million dollars in the second quarter.

This performance, according to the agency, is already the best year for cashew nut sales in Mozambique, which since 2016 have ranged from 14.8 million dollars in 2018 to 51.7 million dollars last year.

In the 1960s Mozambique was at the top of the list of the world's largest cashew nut producers, having received the continent's first processing factory, an activity that went into decline after independence in 1975.

According to some statistics, just over a million Mozambican families grow and sell cashews and the processing sector employs more than 8,000 people in the country.

Mozambique exported 181.8 million dollars worth of agricultural products in the six months so far this year, less than 5% of the almost 3,715 million dollars in total sales abroad in this period.

Overall, according to the Bank's document, Mozambique broke its export record in 2022, reaching a volume of almost 8,281 million dollars, driven by sales of natural gas.

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