Market gamers in the cashew price chain say the field is under extreme strain as a final result of limits brought on it globally by the Covid-19 pandemic.
They say the shutdown of export markets like Vietnam and India is getting a devastating impact on the livelihood of thousands of cashew farmers regionally.
They notice that early this year, the global marketplace selling price of cashew was about $1,500 for every tonne but it is now pegged at about $950, a 63% fall.
In an job interview on the problems smallholder farmers are dealing with and how policymakers are responding, the industry players reported a good deal of them are struggling to crack-even immediately after contracting financial loans to commit in their productions.
Normal Secretary of Cashew Buyers and Exporters Affiliation of Ghana, Justice Mahama Ansomah, stated the problem is heartbreaking.
When questioned if it is an option for area exporters to just take back the trade, he quizzed “where are we going to sell it?”
“Our nearby processors have all shut down their equipment since they are not finding buyers…It is time for farmers and other gamers in the value chain significantly exporters to correct our indifference,” he suggested.
Member of the Cashew Council of Ghana and President of the Affiliation of Cashew Processors Ghana, Ed-Malvin Nii Ayibonte Smith said its time federal government turns its consideration to area processing and preservation.
“Government need to devote in the constructing of modern day processing equipment though monetary institutions aid with credits this is our way out from this type of crisis we have found ourselves in these days,” he explained.
On his component, Secretary of Ghana Nationwide Cashew Farmers Affiliation, Clement Anane clarified that the sector experienced its very own difficulties but the coronavirus epidemic has exacerbated matters.
“100kg bag of Uncooked Cashew Nuts has lowered from ¢700 to between ¢350 we are pressured to provide the fruit at a gain-considerably less value,” he grieved.
The Director for the Division of Foods and Agricultural for Jaman North District Emmanuel Kwabena Afful encouraged cashew farmers to embrace the enactment of the Tree Crops Advancement Law, which is in the offing.
“It would regulate and ensure the output, pricing and advertising and marketing of tree crops, like cashew,” he mentioned.
Dr Anthony Augustus, Mainoo Job Supervisor for the Adventist Advancement and Aid Company (ADRA) and also Task Manager for the Bono-Asante Atea (BAAT) Project indicated that there is the require to aid a single one more in these hoping periods.
“Our cashew farmers are in crisis and this is the time they will need far more of our aid. ADRA will soon start out talks with some economic establishments and person traders and see if we can discover a way of getting the raw nuts and storing whiles ready for the pandemic to normalize across the world,” he explained.
The Chief Executive Officer of the Ghana Chamber of Agribusiness, Mr. Anthony S.K. Morrison named on the personal sector gamers in the state to devote extra into the cashew benefit chain at this crucial minute.
“The Chamber as shortly as possible will begin owning dialogue with other intercontinental gamers about what we can do to support our cashew farmers. Underneath 1 umbrella we can struggle for reforms,” he said.
A farmer and legislator for the Kintampo North Constituency Kwasi Etu-Bonde unveiled that the cashew sector is constrained by weak benefit chain linkages because of to uncoordinated insurance policies.
“Ghana has a comparative edge to method far more raw cashew nuts to the world-wide current market nonetheless the non-existence of important agricultural infrastructure and large utility expenditures will make it unattainable for community processors and exporters,” he pointed out.