Dar es Salaam — Cashew nut farmers are putting on broad smiles as price for the crop has risen by about 6.5 per cent during the past two weeks of the ongoing marketing season. The price rise could be attributed to a slower supply amid a high demand for the produce from buyers.
During the first day of the crop auctioning this season on October 31, 2019, over 20,000 tonnes of Raw Cashew Nut (RCN) was auctioned by Tandahimba and Newala Cooperative Union (Tanecu) as well as the Masasi and Mtwara Cooperative Union (Mamcu) at a minimum price of Sh2,409 and a maximum price of Sh2,559 per kilogram.
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