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Thursday, September 24, 2020

Gambia is 15th largest cashew exporter

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According to The Gambia Cashew Sector development and Export Strategy 2014-2019 which was released to APA on Thursday the country’s position is due to constant export of RCN mainly to India.

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The report opined that the global growth rate of 9 percent (import) for RCN and 9 percent for cashew kernels offers an opportunity for The Gambia cashew sector to emerge and support the country’s export development.

“According to the data, the total export quantifies exemplifies not only variation in the global market but also challenges within The Gambia in supplying international markets with supply volumes and consistency.

The import of RCN from neighbouring countries could also explain the variations, due to various political and economic contexts,” the document stated.

The report said Gambian RCN exports although concentrated on India have also reached a much larger number of destination markets, such as the United Arab Emirates, Vietnam, China, Denmark, Senegal, Singapore and the United States.

“The important difference between direct and mirror data indicates a clear need to enhance data collection for the cashew sector. In either case, India remains the main destination market for Gambia RCN as it absorbs more than 95 percent of exports,” it added.

The report was released as The Gambia launched what it called a seasoned approach which involved a value chain analysis and diagnoses of the sector, define strategic orientation and develop detailed plan of action with clear objectives to enhance production and productivity around cashew nuts.

 

Starafrica.com

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