Côte d’Ivoire surpassed India as the world's largest cashew producer and exporter © 123RF
Côte d’Ivoire surpassed India as the world's largest cashew producer and exporter © 123RF

Cashew smuggling fuelled by tax and transit costs

23 March 2017

High demand and raised prices for cashew nuts are fuelling smuggling in the world’s biggest producer of the commodity.

Côte d’Ivoire is on track to produce a record 715,000 tonnes of raw cashews this year on the back of good weather, but exporters have estimated that about 100,000 tonnes, including the best quality nuts, could be smuggled out of the country, according to Reuters.

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