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  • Ivory Coast wants to transform its cashew

    Nov 5th, 2018

    From 8 to 10 November, Abidjan hosts the show of equipment and technologies of cashew nut processing. Côte d'Ivoire, which has become the world's largest cashew producer, considers itself too dependent on exports and aims to trans-produce half of its production by 2020.

    More than 700,000 tonnes produced last year. Nearly 800,000 this year according to estimates by NKalo, a specialized consulting agency. Before the press a few days ago, the Director General of the Ivory Coast Cotton and Cashew Council, Adama Coulibaly, welcomed this position as the world's leading producer of cashew nuts.

    For the 2018 season still in progress, 738 000 tonnes of cashews have been marketed, of which 591 000 tonnes are exported. And this is the weakest link in the Ivorian industry. The authorities believe that it is too dependent on exports. Only 7% of Ivorian cashew production is processed. The rest goes mainly to Asia, especially to Vietnam to be transformed and meet a rising demand for cashews.

    Overcoming transformer dependency

    Over the past three years, rising demand has pushed prices up, until March 2018, when a steady decline began. Vietnam, the world's largest processor, slowed down its orders sharply and stocks accumulated in Côte d'Ivoire. At the end of October, the Cashew Cotton Council announced 18,000 tons of unsold cashew nuts. What we must add part of the production, difficult to estimate precisely, which fraudulently escapes to neighboring Ghana or taxation allows a better cost.

    Be that as it may, to overcome this excessive dependence on processors, Côte d'Ivoire aims to transform by 2020 half of its production of cashew on the spot, against 7% last year. To this end, the government plans to subsidize the export of white almonds, that is processed almonds, including tax exemptions. But above all the authorities promise 4 large industrial platforms in Bouaké, Bondoukou, Séguéla and Korhogo. Available platforms as early as 2019, promised Adama Coulibaly, intended to attract industrialists, to encourage them to set up their factories, providing them with water, electricity and telephone, and by regulating upstream the potential problems of local land disputes .