Cashew boom: Subsidies drive record production and earnings
Tanzania, May 1 -- Dar es Salaam. Cashew production skyrocketed by 115,900 metric tonnes in the 2023/24 season, generating more earnings for farm-ers, the Cashewnut Board of Tanzania (CBT) has said.
Tanzania's cashew nut production stood at 305,014 metric tonnes in the 2023/24 season, up from 189,114 metric tonnes in the 2022-23 season.
The rise was attributed to the provision of subsidised agriculture inputs, whose value doubled to Sh188.99 billion in 2023/24 season from Sh96.26 billion recorded in the 2022/23 season, according to CBT's primary assessment.
As of March 2024, the crop generated $227.109 million (about Sh581.40 billion), up from $162.363 million (about Sh415.65 billion) in the 2022/23) season.
The volume produced in 202...
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