Ivory Coast cashew production up 14 pct in 2014

Date:

PhotoIvory Coast cashew nut output rose 14 percent to 560,000 tonnes in 2014 from the previous year, a government spokesman said on Wednesday, in line with its aim to become the world’s top producer in the coming years.

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Just a decade ago, Ivory Coast, which is the world’s top cocoa grower, was a middling cashew producer, growing around 80,000 tonnes of raw nuts per year.

With output growing by over 10 percent annually, the sector has attracted the attention of a government desperate to jump-start its economy after a decade of war and political chaos.

“That places Ivory Coast in second place after India,” Bruno Kone told reporters after a cabinet meeting in the commercial capital Abidjan, referring to last year’s cashew crop output.

Kone said that the quality of Ivorian cashews had improved due to a government reform that set a minimum price for farmers.

He said farmers received a total of 127 billion CFA francs ($219 million) for their cashews last season.

“The official opening of the 2015 cashew season is tomorrow and the guaranteed minimum price is 275 CFA francs ($0.48) per kilogramme,” he said.

The price during the previous season was 225 CFA francs/kg.

($1 = 577.4800 CFA francs)

 

Babatunde Akinsola
Babatunde Akinsolahttps://naija247news.com
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

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