Tanzania Records Historic Earnings of Sh1.52 Trillion From Cashew Exports
Tanzania has achieved a record Sh1.52 trillion from cashew exports in the 2024/25 season, producing 528,260 tonnes of raw cashew nuts. This reflects significant growth from previous years, driven by government subsidies, better weather conditions, and 410,000 tonnes sold through auctions. The government aims for higher production targets and local processing by 2030, with challenges addressed by improving operational efficiency and support for farmers.
Tanzania has set a remarkable precedent in cashew exports, achieving earnings surpassing Sh1.52 trillion (approximately $583.7 million) during the 2024/25 season. This revenue comes from the production of 528,260 tonnes of raw cashew nuts (RCN), reflecting a significant leap from last year’s earnings of $221.3 million, generated from 254,500 tonnes. The latest figures not only exceed the previous earnings record from the 2017/18 season but also underline the growth trajectory of the sector.
The export of 410,000 tonnes of RCN primarily drove the earnings through auctions, while 118,260 tonnes were processed locally. The increase in production can be attributed to government subsidies and favorable weather conditions. The Cashew Nut Board of Tanzania (CBT) facilitated support to farmers, distributing essential agricultural inputs, which played a critical role in enhancing yields.
Prices for raw cashew nuts at auctions varied between Sh1,810 and Sh4,196 per kilogramme during this productive season. Despite facing challenges with the transportation and collection of RCN due to increased volumes, CBT has improved operations by extending hours for the reception of cashews and permitting continuous transportation from storage to ports.
Looking ahead, the government anticipates achieving a production target of 700,000 tonnes by the 2025/26 season and one million tonnes by 2030/31. Plans involve substantial distribution of agricultural inputs, including 40,000 tonnes of sulphur and three million liters of liquid pesticides. Recent shipments have strengthened the supply of these essential resources, equipping the industry for future growth.
The CBT has also engaged 500 graduates from the Sokoine University of Agriculture to help oversee farming operations. These individuals will manage farmer databases and facilitate the distribution of subsidized inputs, thereby supporting local economies. In addition, CBT is working on establishing an industrial park in Mtwara for processing cashews, aiming for a comprehensive local processing goal by 2030.
Economists emphasize the importance of maintaining quality and promoting local consumption of cashews to enhance market stability. There is a call to expand cultivation while increasing the accessibility of loans for small and medium-scale farmers. Enhancing research and economic diplomacy can facilitate new market explorations, ensuring the sustainability and profitability of this vital sector in Tanzania’s economy.
In conclusion, Tanzania’s impressive earnings from cashew exports reveal substantial growth in the agricultural sector, driven by increased production and supportive government interventions. By focusing on quality improvement, local processing, and expanded cultivation, the country can ensure its cashew industry remains competitive and beneficial for local farmers and the national economy.
Original Source: www.thecitizen.co.tz
