November 17, 2016
Ivorian Prime Minister Daniel Kablan Duncan announced on Thursday in Abidjan the transformation of 100% of cashew production, of which Cote d'Ivoire is the world's largest producer and exporter, at the opening of the second edition of the International Exhibition of Equipment and Of cashew processing technologies.
"The Ivorian government has adopted a plan for the development and processing of cashew nuts, the aim of which is to significantly increase the processing rate of 100% raw nuts by 2020," Duncan said. The conversion rate in 2015 was estimated at 5.84%. The Prime Minister added that "at the industrial level, Cote d'Ivoire intends to strengthen and revitalize its actions in favor of companies".
The actions and reforms implemented have increased the number of cashew processing enterprises which have increased from 10 in 2012 to 22 in 2016 and the overall installed capacity of 54,000 tons per year in 2012 to 109000 in 2016, an average increase of 23% per year, the head of the Ivorian government said. With a production of 700,000 tons in 2015, Cote d'Ivoire has become the world's largest producer of cashew with 24.22% of the supply. The fair, which opened on Thursday, is expected to close on Saturday with the theme: "An industrialization of the citizen cashew sector for a new Ivory Coast".