Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Agriculture

Côte d’Ivoire: CFA500 is the new minimum guaranteed price for cashew nuts

Thursday, 15 February 2018 13:30

(Ecofin Agency) - In Côte d’Ivoire, the 2018 cashew marketing campaign began today, February 15, 2018, with a minimum guaranteed price of CFA500 per kilogram. Compared to the nut’s price during the previous campaign, it represents an increase by CFA60.

While in 2017 it produced 711, 236 tons of cashew, missing its initial target of 715,000 tons, Côte d’Ivoire expects 750, 000 tons during the present campaign. This should allow it to comfort its global leadership and take a step in achieving its goal which is to produce 1 million tons, by 2020. 

According to the authorities, there should be an improvement in terms of “quality and implementation of incentive measures” to increase the transformation rate.  

In 2017, the 29 cashew processing plants installed in the country had processed 44, 628 tons (6.62% of the national output), a volume well below the installed capacity (109, 500 tons).

Let’s note that Cote d’Ivoire is the fourth global cashew nuts processor after India, Vietnam, and Brazil.

Espoir Olodo 

 
Finance


 
Mining


 
Telecom


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.