Côte d’Ivoire: while cashew production soars, local processing stagnates

With a production of over 1 million tonnes, Ivorian cashews are still exported more than processed locally. For the campaign which has just ended (2020), only nearly 136,000 tonnes could be processed against 103,000 a year earlier.

The level of transformation is below the objectives set by the State. It is with this in mind that Prime Minister Patrick Achi held a meeting with the cashew and cotton players on Thursday, October 14 in Abidjan.

“The State of Côte d’Ivoire grants a subsidy of CFAF 16 billion to the cashew sector. With the onset of Covid-19, more than nine billion FCFA have been granted to industrialists in the sector to support the transformation, ”says Patrick Achi.

Several initiatives dedicated to the cashew sector are under construction, according to the Minister of State, Minister of Agriculture and Rural Development, Kobenan Kouassi Adjoumani, in particular the creation of 14 zones for the processing of cashew nuts to facilitate development in the local level, the construction of a factory-school to train in the cashew processing trade as well as the certification of industrial units to allow products to be more competitive in the large American and European markets.

In order to increase transformation at the local level to allow private investment to improve, the International Finance Corporation (IFC), a member of the World Bank group, wants to help Côte d’Ivoire transform 50% of its production of cashew nuts. A guide has been developed in this regard to improve market access for SMEs in the cashew processing sector in Côte d’Ivoire. And to facilitate their access to consumer markets in Europe and America.


Côte dIvoire cashew production soars local processing stagnates

For Latest Updates Follow us on Google News

PREV China far ahead of Europe and the USA
NEXT The G20 would have agreed on a 1.5 degree warming target – Var-Matin