More than 300 cashew trucks stuck in Ivorian ports following fall in cashew prices
More than 300 cashew trucks are stuck in Ivorian ports and other places of unloading following the fall of the price of the cashew kg, yielded between 250 and 400 FCFA, said Monday to APA Abdoulaye Sanogo, the secretary general of the National Federation of Buyers and Cooperatives Cashew Ivory Coast (Fenacaci). "Because of the slump, the price range is today between 250 and 400 Fcfa maximum (...). And it is more than 300 trucks that are loaded at the port of Abidjan, San Pedro (southwest), in factories for a month and can not unload, "said Abdoulaye Sanogo.Asked also about the prices practiced in the production areas in Côte d'Ivoire, the Secretary General of the National Federation of Cashew Producers of the Ivory Coast (Fenacajou-Coop-Ca), Metan Koné, affirmed that "the prices are trading between 200 and 300 FCFA on the ground.
This situation is due to the total stopping of the exporters who complain in particular of the poor quality of products and especially the official minimum prices they consider "high", asking for a readjustment of prices. The official prices of the cashew nut campaign were fixed on February 15, 2018 at 500 FCFA / Kg at the edge of the field, 525 F / Kg at the domestic store price and 584 F / Kg at the port price. For Mr. Metan Koné, the Ivorian state should, in the light of the prevailing situation, organize a round table with all the actors in order to find a solution.
Despite the blockage that manifests itself by several hundred trucks loaded in the various ports and unloading place, the Cotton-Cashew Council, regulator of the sector decided this weekend to maintain the official prices announced at the beginning of the season. and instead raises the awareness of producers to maintain the good quality of their production.This situation leads operators to return their cargoes to the base, said the Secretary General of Fenacaci, confident that "the problem is that exporters have informally decided to stop buying (cashew) since the mandatory price which they have to buy is too much.
"We need the government to lower the price because quality has dropped" since mid-April, the beginning of the rainy season and global production is also taking off among the biggest buyers of our Coastal Walnuts like Ivory Coast, added Sanogo.Vietnam and India are the first buyers of cashew nuts in Côte d'Ivoire. The difference between their production and processing is offset by imports from Côte d'Ivoire and other countries. In recent years, Vietnam has become the largest buyer of cashews in Côte d'Ivoire with 450,000 tons registered in 2017.
These countries, which are also cashew producers, have put in place a policy to be self-sufficient in increasing the yield of their fields, by financing producers in neighboring countries such as Cambodia, reducing their import requirements to Côte d'Ivoire, Sanogo said.In the previous season, Cashew Kg in Côte d'Ivoire, the world's largest producer with 711,236 tonnes in 2017 (representing half of West Africa's production and 22% of global production) was well sold up to 800-900 Fcfa "against 600 Fcfa at the beginning of the 2018 campaign.
" Producers have made the retention hoping that this will reach 900 or even 1,000 Fcfa, "continued the Secretary General of Fenacaci, noting that some nuts are neglected under the trees because of the discouragement of farmers, which could lead to a decline in production for the 2018 campaign.On 21 April 2018, Côte d'Ivoire and the World Bank signed three loan agreements of approximately CFA 157,530 billion to support the processing of cashew nuts, the fight against coastal erosion and implementation of the rural land policy.
This situation is due to the total stopping of the exporters who complain in particular of the poor quality of products and especially the official minimum prices they consider "high", asking for a readjustment of prices. The official prices of the cashew nut campaign were fixed on February 15, 2018 at 500 FCFA / Kg at the edge of the field, 525 F / Kg at the domestic store price and 584 F / Kg at the port price. For Mr. Metan Koné, the Ivorian state should, in the light of the prevailing situation, organize a round table with all the actors in order to find a solution.
Despite the blockage that manifests itself by several hundred trucks loaded in the various ports and unloading place, the Cotton-Cashew Council, regulator of the sector decided this weekend to maintain the official prices announced at the beginning of the season. and instead raises the awareness of producers to maintain the good quality of their production.This situation leads operators to return their cargoes to the base, said the Secretary General of Fenacaci, confident that "the problem is that exporters have informally decided to stop buying (cashew) since the mandatory price which they have to buy is too much.
"We need the government to lower the price because quality has dropped" since mid-April, the beginning of the rainy season and global production is also taking off among the biggest buyers of our Coastal Walnuts like Ivory Coast, added Sanogo.Vietnam and India are the first buyers of cashew nuts in Côte d'Ivoire. The difference between their production and processing is offset by imports from Côte d'Ivoire and other countries. In recent years, Vietnam has become the largest buyer of cashews in Côte d'Ivoire with 450,000 tons registered in 2017.
These countries, which are also cashew producers, have put in place a policy to be self-sufficient in increasing the yield of their fields, by financing producers in neighboring countries such as Cambodia, reducing their import requirements to Côte d'Ivoire, Sanogo said.In the previous season, Cashew Kg in Côte d'Ivoire, the world's largest producer with 711,236 tonnes in 2017 (representing half of West Africa's production and 22% of global production) was well sold up to 800-900 Fcfa "against 600 Fcfa at the beginning of the 2018 campaign.
" Producers have made the retention hoping that this will reach 900 or even 1,000 Fcfa, "continued the Secretary General of Fenacaci, noting that some nuts are neglected under the trees because of the discouragement of farmers, which could lead to a decline in production for the 2018 campaign.On 21 April 2018, Côte d'Ivoire and the World Bank signed three loan agreements of approximately CFA 157,530 billion to support the processing of cashew nuts, the fight against coastal erosion and implementation of the rural land policy.
No comments:
Post a Comment