June 13, 2019
Finance and Planning Minister, Dr Phillip Mpango. Photo |Edwin Mjwahuzi
Dodoma. The government
has said that in 2018 the
export value of raw cashews
amounted to $196.5 million as
compared to $529.6 million recorded in 2017, which is equivalent to 62.9 per cent
decrease.
Finance and Planning minister, Dr Philip Mpango made the statement in
Parliament on Thursday, June 13, 2019 when tabling report on the country’s state
of economy for 2018 and the national development plan for 2019/20.
Dr Mpango said the decline was particularly attributed to the decrease by 63.5 per
cent of cashew export from 329,400 tonnes in 2017 to 120,200 tonnes in 2018.
“However, price of the merchandise in the world market increased by 1.6 per cent
per tonne from $1,607.7 in 2017 to $1,634.2 in 2018,” he said.
By Fidelis Butahe @TheCitizenTZ
news@tz.nationmedia.com
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