23 May 2018

Poor quality no buyers!

The failure of cashews causes the closure of several stores in Odienné and Kaniasso


Odienné - Several buyers of Odienné and Kaniasso said Friday, during an interview with the AIP, to have closed their stores because of the slump of cashews at the port of Abidjan. "I stopped shopping for a few weeks. The reason is that the price at the port is not interesting (575 - 580 / kg). When you take into account the commission of the trackers (10f to 15f), we can not buy the cashew nuts at 500 f edge field as stopped by the government, "said Soro Fougnigué, cashew buyer in Kaniasso.Like him, some buyers in Odienné, lack of funding because of the low prices of the port, have chosen to close their stores and stop any purchase to observe a little bit.

They accuse the government of "complicating purchases with too much tax", which has driven many exporters out of the country, resulting in a lack of funding on the ground. Since the reform of the cashew sector in 2013, the price went from 225 in 2014 to 500f in 2018, but in the field, the actual price practiced was well over twice the official price. But in 2018, producers and buyers recognize that purchases are difficult because of lack of funding.As a result, a good amount of the Ivorian product is sold in neighboring countries. More than 25 tonnes leaving for Mali were seized by the police and the agents of the council of the cotton and the cashew, in the department of Kanaisso.

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