Farmers Celebrate record high Cashew Price
Mtwara
Cashew nut growers in Tanzania and Newala have expressed their excitement following the surge of cashew nut prices to 4120/ per kilo-gramme this year , a notable increase compared to prices offered in previous years .
They said the price is encouraging and that they expect to earn enough in this season. Last season, prices ranged between 1,500/ and 2190/ per kilogram.
"this is the first time prices have increase to such record high. WeWelcome this development as the auctions continue." said Sharifu Linjenje, a cashew grower from Newala District in the Mtwara Region.
The price of Raw Cashews reached a historic high during the auction of 3,857 tonnes traded through the Tanzania Mercantile Exchange (TMX) online platform.
The Cashews were sold at prices ranging from 4032/- per kilogramme during the first auction of the 2024/2025 season held on October 11.
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