Agriculture

Côte d’Ivoire: Illegal cashew smuggling endangers the sector

Thursday, 23 March 2017 18:44

(Ecofin Agency) - In Cote d’Ivoire, cashew growers and exporters are concerned by the smuggling of the nuts to neighboring countries

Indeed, the actors fear that the phenomenon might be fueled by a growing demand for the crop this season. According to their estimates, about 100,000 metric tons of cashew could be smuggled to neighboring countries, mainly Ghana, before the end of the ongoing season.

Many of the sector’s actors attribute the thriving of the practice to high export taxes and transport costs. Interviewed byReuters, an exporter said Ghana imposes no export tax on cashew, unlike Ivory Coast which fixed a tax of CFA85 for a kilogram. He added that transit cost in Cote d’Ivoire are also higher than in Ghana.

To these add the fact that a kilogram of cashew is sold at a higher price in Ghana.Reutersindicates that in the Eastern part of Cote d’Ivoire, some farmers get between CFA900 and CFA1,000 for a kilogram of cashew sold to Ghanaian buyers while the same volume is sold at FCFA440 to Ivoirians.

“The government must do something. Rapidly.All quality nuts are sent to neighboring countries. This endangers the sector,”said another exporter who for his part highlighted that so far, 40,000 tons of cashew have been illegally exported outside the country.

More generally, the persisting smuggling impairs the nation's eport forecast for the year, knowingly 715,000 metric tons.

To exactly evaluate the losses that the phenomenon incurred Cote d’Ivoire, it should be noted that Ghana generated in 2016 $244.5 million from its cashew exports which stood at 163,000 tons that year. This despite the local output of the nation which was about 70,000 tons only last year, far behind Cote d’Ivoire’s 650,000 tons.

Espoir Olodo

 
Finance


 
Telecom


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

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

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

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

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.