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Mozambique Exports Vegetable Oil for First Time

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Mozambique Exports Vegetable Oil for First Time

(3 Minutes Read)

According to the data, these exports (vegetable oil) to the end of September totalled USD 130 million (€124 million), compared to USD 90.2 million (e86 million) in the same period of 2023.

Mozambique’s exports of vegetables in the first nine months of 2024 were up almost 45% from a year earlier, according to data from a central bank statistical report.

According to the data, these exports to the end of September totalled USD 130 million (€124 million), compared to USD 90.2 million (e86 million) in the same period of 2023.

Bananas, another of Mozambique’s traditional export products, earned USD 29.4 million (€28 million) in the nine months, compared to USD 22.4 million (€21.4 million) a year earlier. They were essentially bought by a neighbouring country, namely South Africa.

It is predicted that the 2024-25 agricultural season will see a 5% increase in production as a result of the expected rainfall.   The southern part of the country has already seen rainfall. The rainy season in Mozambique runs from October to April, while in the centre and north, the time for sowing will be 2a little later than usual.

Read Also:

https://trendsnafrica.com/mozambiques-exports-to-eu-increases-to-usd-5-3-bn/

With the consumer market in the south still dependent on agricultural imports from neighbouring South Africa, there is a need to improve Mozambique’s competitiveness in the sector.