Re: Re: query on cashews

[Brad De Long <delong@xxxxxxxxxxxxxxxxx>]

> BUT IS IT TOO LATE?
>
> But is it all too late? The export tax was cut to 14%
> this year and more than half of Mozambican raw nuts
> were exported to India. Factories ran out of nuts and
> by mid-year began to shed staff. Most of the 14
> factories are now closed; 7000 of the 9000 workers
> (most women) are now out of work.

Cutting the export tax from 20% to 14%--from about $150 per tonne of
cashews to $105 per tonne--caused more than half of Mozambican raw
nuts to be exported to India? And caused 80% of the workers to be
laid off?