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2 clusters · 7 sources · 1 days · First seen 22 days ago · Last updated 22 days ago

Mozambique cashew industry pricing and smuggling issues

Overview

Mozambique has announced a 6.67% increase in the cashew reference price for the 2026-27 marketing campaign, raising the rate from 45 to 48 meticais per kilogram.

Agriculture, Environment and Fisheries Minister Roberto Albino reported that the cashew overvaluation rate is expected to rise from 18% to 22% for the current campaign. In response to economic losses, Albino called for a crackdown on smuggling, which he characterized as “theft from public funds rather than a mere administrative infraction.” Data from the Kernel Institute indicates that approximately 35,000 tonnes of cashews were illegally exported over the last three years, causing estimated losses of 457 million meticais and negatively impacting foreign-exchange inflows to countries like India and Vietnam.

Entities

Roberto Albino · Mozambique · Grupo Maiaia · United States · Homeland Security Task Force

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] Mozambique's Minister of Agriculture, Environment and Fisheries, Roberto Albino, is calling for the criminalization of cashew nut smuggling.
[● 2 SOURCES] Approximately 35,000 tons of cashew nuts were illegally exported over the last three years.
[● 2 SOURCES] Cashew smuggling caused an estimated loss of 457 million meticais to the state.
[● 2 SOURCES] Mozambican businessman Norolamin Gulam was sentenced to 135 months in a US federal prison.
[○ 1 SOURCE] Mozambique's GDP growth forecast has been revised down to 0.9 percent.
[○ 1 SOURCE] Economic shocks and floods have contributed to the downward GDP revision.

Timeline

22 days ago

[INTERNATIONAL] 5 sources
Mozambique faces economic shifts and major legal crackdowns
Mozambique faces economic hurdles as GDP growth forecasts are revised down to 0.9%, while the government seeks to criminalize cashew smuggling and a Mozambican businessman is sentenced in the US for money laur-
22 days ago

[BUSINESS] 2 sources
Mozambique raises cashew reference price and targets smuggling
Mozambique is raising its cashew reference price to 48 meticais per kilogram for the 2026-27 campaign and calling for the criminalization of smuggling to protect the economy.

Sources

360mozambique.com · aimnews.org · dailynews.co.tz · diarioeconomico.co.mz · mocnoticias.com · mznews.co.mz · noticias.mmo.co.mz