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Cashews: Ghana wants to earn more

June 14, 2017 at 12:31 PM , Der AUDITOR
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ACCRA. To help the domestic cashew market to make better profits, the Ghana Export Promotion Authority (GEPA) is promoting the levy of an export duty for raw cashews.

 As much as 90% are exported and processed for the Western market in countries such as India and Vietnam. In 2016, Ghana exported raw cashews worth USD 196.7 million. Exporting already processed nuts would increase the export value many times over. Higher export duties should encourage domestic companies to process the raw nuts themselves for the European and American market.

Vietnam is gaining relevance

Germany usually imports 25,000-35,000 mt of cashew nuts per year. India was the main supplier for many years, until Vietnam took first place last year. In 2015, imports from Vietnam to Germany were at 15,870 mt, and one year later, the import volume rose by 48% to 23,422 mt. At the same time, imports from India dropped to 19,025 mt. 

Cashew nut imports to Germany

Country

2015

2016

2017

Vietnam

3,034.60

4,760.80

5,267.30

India

5,334.50

4,948.40

3,826.60

Netherlands

332.90

296.30

386.00

Source: German Statistical Office       1st quarter

 

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