Côte d’Ivoire: CCC launches a mechanism to exhaust the accumulated stock of coffee
(Ecofin Agency) - Last March 30, Côte d’Ivoire’s Coffee-Cocoa Council (CCC) launched a scheme to reduce coffee stocks accumulated during the current season (2017-18) due to dysfunction in the marketing system.
This mechanism initiated by the government will be implemented by SIFCA-COOP, a subsidiary of CCC which purchases coffee and, according to a statement from the regulator, it should “help exhaust the available coffee stocks over a short period of time”.
For the record, since mid-February, the coffee marketing system has been impaired by cargo congestion in local ports and the unusual volume of coffee in operators' stores.
This situation prompted a strike action from the national agricultural union for progress (SYNAP-CI), which gathers about 57,000 coffee producers.