- Production of cashew nuts in West Africa has fallen following the outbreak of coronavirus
- However, in Ghana, it is expected that production would reach 140,000 tonnes though prices for farmers fell over 56%
- The outbreak of the coronavirus has clashed with cashew nut's marketing season and subsequently affected processing and export
The outbreak of the coronavirus has led to a slump in production of cashew nuts in West Africa, a report has revealed.
Briefly.co.za understands that farmers in Cote d'Ivoire say some crops have gone bad and prices are currently at an all-time low.
Information available shows that the export of the crop is currently at -30% although sales have picked up in Ghana and output is on track to reach the target.
A Reuters report shows that production in Ghana is expected to reach the forecast of 140,000 tonnes but the prices for farmers fell over 56% in April 2020.
The timing of the outbreak of Covid-19 has reportedly coincided with cashew’s marketing season in West Africa.
This has led to a state of uncertainty, given that over 55% of the product could have been harvested, dried and shipped in its raw form to Asian processors before being sold to consumers worldwide.
Prices have reportedly tumbled after a slowdown in processing as well as border closures which stopped major buyers flying to West Africa from Vietnam and India.
The key to market recovery rests with a long-term plan for the sector.
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