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Côte d’Ivoire: CCC launches a mechanism to exhaust the accumulated stock of coffee

Côte d’Ivoire: CCC launches a mechanism to exhaust the accumulated stock of coffee
  • Comments   -   Monday, 02 April 2018 - 17:37

(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.

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