Cashew pile up burdens Tanzania govt after unilateral purchase

22 February 2019

Tanzania government is struggling to get buyers for cashew nuts it unilaterally bought from farmers after a November 2018 price standoff with private buyers.

Government opted to buy all harvests after private buyers failed to up their prices at the request of the president John Pombe Magufuli.

The army subsequently collected all the harvests from farmers in the country’s southern region. President Magufuli doubled the price of a kilo of cashew nut from 1,500 to 3,300 shillings, or a little over $1.

 

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Source: 
Africanews

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