M a r k e t N e w s
Tanzania: Focus on Agro Processing Can Save Millions in Raw Crop Exports
Posted on : Monday, 30th January 2017
Dar es Salaam — Tanzania losses over Sh1.6 trillion annually through exports of raw cashewnuts and importation of sugar, edible oil and milk.
This money could be saved if the country focuses on agro processing, agriculture experts who met in Dar es Salaam today have observed.
The lost money include $110 million from raw export of cashewnuts and $250 million in sugar importation. There is also $358 million through importation of edible oil and $20 million from milk importation.
Agriculture stakeholders said this in their breakfast dialogue organised by Policy Forum and Agricultural Non-State Actors Forum (Ansaf). They noted that the government could save all this money if it has long term strategies and protection of local market, among others.
"Unpredictability and flexibility of the laws and polices has also been a challenge to local manufacturers... we need some long term plans targeting specific issues at a time to revolutionarise agriculture and hence industries," said Tanzania Private Sector Foundation Director, Mr Godfrey Simbeye.
Source : allafrica.com