Tanzania president fires two ministers over cashew nut prices

Tanzanian President John Magufuli. [Photo: Courtesy]

DAR ES SALAAM - Tanzania’s President John Magufuli said the government could buy up the country’s cashew nut stock after he fired two ministers and dissolved the industry regulator in a row over the price of the commodity.

Last month, Magufuli ordered a 94 percent increase to cashew nut prices at the industry regulator’s auctions and fired the organisation’s head in moves he said were aimed at safeguarding farmers from unsustainably low prices.