Covid-19: Report shows African export of cashew nuts drop by 30%.

Covid-19: Report shows African export of cashew nuts drop by 30%.

- 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

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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.

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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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Source: Briefly.co.za

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