Скачать или смотреть President Magufuli orders auctions closed for 'exploiting farmers' in Tanzania

Tanzanian President John Magufuli has ordered all cashew nut auctions in the country closed. The Tanzanian leader says that the government will buy the crop from farmers at a 10 percent premium. This translates to one dollar and 45 cents per kilogram - compared with the reserve price of one dollar and 31 cents set by the government for auctions. The order comes after president Magufuli replaced his agriculture and trade ministers saying that they had failed to protect farmers from exploitation. Traders have previously boycotted the auctions and insisted on paying 67cents per kilogram. Farmers have said the money is insufficient to cover costs. Cashew nuts are the nation's leading agricultural export by value. They earned $340.9 million in the year through March 2017.

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