Will Tanzania’s Operation Korosho help to crack historical cashew conundrum?
President Magufuli’s intervention in the cashewnuts subsector has been criticised by some as political grandstanding, but it served to defuse tensions between cashew farmers and private traders. PHOTO | FILE
The global price of cashewnuts has jumped nearly 10 per cent over the past week, after the Tanzanian government started buying the entire country’s stock at a higher price.
Growers of cashews, the most valuable export crop for the country, had been holding back from selling after prices fell below what they said it cost them to produce the nuts.
