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Africa grows most of the world’s raw cashews but only processes a fraction of them, missing out on opportunities offered by rising global demand, according to a report by the United Nations Conference on Trade and Development.
The global market for cashews is booming, but the African countries growing more than half the world’s supply aren’t cashing in due to their lack of processing industries, the UNCTAD report titled
“Countries that grow cashews but don’t process them at a significant scale retain only a small share of the value created as the nut travels from the farm to store,” Miho Shirotori, who leads UNCTAD’s work on trade negotiations and commercial diplomacy, said. “African farmers, exporters and workers are missing out on a wealth of opportunities.”