Dar es Salaam. Tanzania can earn up to $1 billion annually from soybeans exports as China’s demand provides a ready market for the produce.
China’s annual demand stands at 87 million tonnes with Tanzania being one of the countries which are allowed to export to the Asian nation.
However, despite the fact that the crop thrives in most parts of the country, Tanzania only produces some 200,000 tonnes per year.
The global impact of Covid-19 has increased demand for the product leading to hiked prices in the global market to over Sh2,400 a kilo from an average of Sh600 to Sh800.
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