Mainstream media of Tanzania, The Guardian, The Citizen and Daily News reported on Nov. 10 that the Tanzanian Government has released an ultimatum for four days to all cashew nut dealers in the country, and required them to submit written report about cashew nut purchase quantity from farmers. Otherwise, they can be deregistered.

At least 35 cashew nut buyers showed their interests of purchase but said they are restricted by the minimum price set by the government. The traders wish to purchase at the price of 1700-2500Tanzania shilling per kilogram. However, the farmers rejected because the price in the previous season is 4000 Tanzania shilling per kilogram and the government made a promise for higher return. A few weeks ago, President Magufuli told dealers in a meeting that they should purchase cashew nuts at the price of no lower than 3000 Tanzania shilling per kilogram, and said the lower price may exploit farmers. However, traders believe they may suffer huge losses if they purchase cashew nuts at the price set by the government because the current cashew nut price is about 2500 Tanzania shilling in global market.

Premier Majaliwa said the other day that all registered cashew nut dealers shall submit correspondences to his office before 12th of the month to describe the planned tonnage from farmers and days required. Otherwise, they can be deregistered and forbidden to participate in cashew nut auction. The premier wishes dealers who want to continuously buy cashew nuts could be finished in four days.