New Purchase price for fresh, raw cashew nuts.

In the upcoming marketing year, raw cashew nuts purchased from the producer will cost 37 meticais per kilogram.

This is the price that was agreed upon on Wednesday during a consultation meeting in Maputo between cashew nut producers and processors.

The producers argued for a price of 40 meticais per kilogram at the conference in opposition to the Cashew Industrial Association's proposal of 30 meticais (AICAJU).

According to Olegário Banze, the deputy minister of agriculture and rural development, who was quoted by Jornal Noticias, the price of 37 meticais is the maximum that can be charged while still honoring the producer's labor and ensuring the long-term viability of the national sector. (RM