Less than 40% of cashew stocks sold in Côte d'Ivoire, according to producers
Barely 40% of cashew stocks are sold in the 2018 season compared to previous seasons, when 80% to 90% of stocks were already sold, Yamoussoukro said on Saturday. a General Assembly of actors of the sector, the president of the federation of cashew farmers of Ivory Coast, Bamba Adama.
"In terms of loss, it is a lot of money lost," said the chairman of the Administrative Council of the Union of Agricultural Cooperatives of Côte d'Ivoire, Bamba Adama, hoping that the stocks available to producers will be sold.
He explained that Côte d'Ivoire is facing the slump in cashew nuts due to a drop in the price of 500 francs CFA. In Burkina Faso, the price is fixed at 900 CFA francs per kilogram and 1000 CFA francs in Guinea-Bissau, it was learned.
This situation, according to Bamba Adama, encourages product leakage outside the country's borders to Ghana, and represents a shortfall for the State of Côte d'Ivoire, but also for the Ivorian economy. According to statistics, more than 200,000 tons have already left for Ghana.
"It worries us, that's why we actors in the sector, we decided to put together and set up the interprofessional to find the solution," said the farmer.
The General Assembly of cashew industry associations brings together the four families of the cashew sector, namely the producers of the 19 producing regions, the buyers, the exporters and the processors.
"We met and we agreed that only an interprofessional organization is able to be the interlocutor with the authorities so that we can make ourselves heard and explain our problems," said Bamba Adama.
The interprofessional, according to Bamba Adama, will be a tool to help train our producers to the quality of the products, to monitor everything that is done in the field, to prevent products from leaving the country and to reach the country. objective of cashew processing as desired by the State of Côte d'Ivoire.
Côte d'Ivoire is the largest cashew producer with 700 000 tonnes and has about 450 000 producers.
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Korhogo Inauguration of the headquarters of FENAPACI
korhogo Inauguration of the headquarters of FENAPACI.Photo: PCA BAMBA ADAMA
Korhogo Inauguration of the headquarters of FENAPACI
korhogo Inauguration of the headquarters of FENAPACI.Photo: PCA BAMBA ADAMA
"In terms of loss, it is a lot of money lost," said the chairman of the Administrative Council of the Union of Agricultural Cooperatives of Côte d'Ivoire, Bamba Adama, hoping that the stocks available to producers will be sold.
He explained that Côte d'Ivoire is facing the slump in cashew nuts due to a drop in the price of 500 francs CFA. In Burkina Faso, the price is fixed at 900 CFA francs per kilogram and 1000 CFA francs in Guinea-Bissau, it was learned.
This situation, according to Bamba Adama, encourages product leakage outside the country's borders to Ghana, and represents a shortfall for the State of Côte d'Ivoire, but also for the Ivorian economy. According to statistics, more than 200,000 tons have already left for Ghana.
"It worries us, that's why we actors in the sector, we decided to put together and set up the interprofessional to find the solution," said the farmer.
The General Assembly of cashew industry associations brings together the four families of the cashew sector, namely the producers of the 19 producing regions, the buyers, the exporters and the processors.
"We met and we agreed that only an interprofessional organization is able to be the interlocutor with the authorities so that we can make ourselves heard and explain our problems," said Bamba Adama.
The interprofessional, according to Bamba Adama, will be a tool to help train our producers to the quality of the products, to monitor everything that is done in the field, to prevent products from leaving the country and to reach the country. objective of cashew processing as desired by the State of Côte d'Ivoire.
Côte d'Ivoire is the largest cashew producer with 700 000 tonnes and has about 450 000 producers.
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