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Chủ Nhật, 22 tháng 10, 2017

Nigeria: Four arraigned for ‘theft of cashew nuts’

04 Sep. 2017

Four men have been arraigned at an Ikeja Magistrates’ Court in Lagos for allegedly stealing 356 bags of cashew nuts worth N25million from a businessman, Tajudeen Salimon,
The accused: Azeez Raimi, 35; Olufemi Kayode, 34; Adeboye Bakare, 46; and Tunde Hassan, residents of Agege, Lagos, are charged with conspiracy, stealing and receiving stolen goods.
The prosecutor, Simeon Imhonwa, told the court that the accused committed the offence on March 17, at Ijora Badia, Apapa, Lagos.
He alleged that Raimi and Kayode, who worked as drivers for the complainant, absconded with 356 bags of cashew nuts, which they were supposed to deliver to a customer.
Imhonwa alleged that the drivers, instead of delivering the goods to the customer, diverted them to another location, where they were received by their co-conspirators, Bakare and Hassan.
He said the customer notified the complainant when he did not receive the nuts.
The prosecutor said Salimon, who had no idea that his drivers had stolen the goods, told the customer that his workers had delivered the nuts to him.
He said when the complainant eventually discovered that his drivers had stolen the goods, he reported the matter to the police and the accused were arrested.
Imhonwa said the offence contravened sections 287, 328 and 411 of the Criminal Law of Lagos State, 2015.

India: Tech upgrade to contain smugglers from sea

05 Sep. 2017

CHENNAI: For a businessman, would it make sense to substitute 3,000 tonnes of betel nuts for 3,000 tonnes of cashew? Given that cashew retails at Rs 292/kg and betel nut for `260/kg, it would be anything but business — except if the goods were being smuggled in.

Faced with a duty of around 111%, betel nut importers would have to pay nearly `633/kg if the nut is brought in through regular channels. To cut costs, albeit illegally, they smuggle it in. In its 2016-17 report, Central Vigilance Commission said there had been several such instances where containers were tampered with between port and Container Freight Station (CFS). "In a case of smuggling of betel nuts in the guise of raw cashew through Tuticorin port, the importer had diverted containers to his premises en route from port to CFS and offloaded the smuggled betel nuts. He substituted the same with cashew nuts which were duly declared to customs in the import documents," said the CVC in its report dated August 30.

In this process, the seals of the containers were broken and replaced with fake ones. Disciplinary action was initiated against many officers but was dropped later as there were systemic gaps in the process, said the commission in its report. Noting that the illegal activity occurred after breaking open the seal, the CVC recommended that port officials use Radio Frequency Identification (RFID) tagging of containers and e-sealing to monitor shipments from the point of offloading to toll gates.

Chennai Port Authorities said RFID tagging had helped them stem smuggling. "We started embedding RFID tags on trucks and containers entering the port last September. It has helped us monitor vehicle movement," said Chennai Port Trust deputy traffic manager B Vimal.

In 2015, Central Board of Excise and Customs recommended RFID tags. Monitoring via these tags would be further enhanced by the use of scanners and cameras installed at vantage points inside the ports. However, only a few ports such as Chennai, Mumbai and Kolkata have adopted RFID tagging. With loopholes, smugglers can sneak away at Tuticorin from where, say DRI officials, red sanders, betel nuts and party drugs are smuggled in and out. "Smugglers are inventive. If they are smuggling tobacco, they would layer the first six inches with saw dust in the container," said a DRI official.

Absence of foolproof surveillance gives rise to suspicion that hits local importers who source goods from countries within the SAARC agreement with an import duty of only 10%. "Legal imports get impacted because of suspicion. Clearance for cloves and poppy seeds takes up to 45 days. The seeds lose their freshness and prices drop," said a representative of Saradha Exports.


India: Cashew declines on subdued demand

06 Sep. 2017

New Delhi, Sep 6 () Cashew prices fell by Rs 5 per kg at the dry fruit market in the national capital today owing to sluggish demand from retailers and stockists amid adequate stocks.

Besides, increased arrivals from producing belts against slackened demand from bulk consumers weighed pressure on the cashew prices.

Cashew kernel (No 180, 210, 240 and 230) prices fell Rs 5 each to conclude at Rs 1,075-1,085, Rs 955-985, Rs 900-940 and Rs 830-850 per kg, respectively.

Marketmen said slackened demand from retailers and stockists against adequate stocks, weighed on the cashew prices.

Following are today's quotations (per 40 kgs):

Almond (California) Rs 19,000-19,200, almond (gurbandi) Rs 12,500-13,000, almond (girdhi) Rs 5,100-5,200; abjosh afghani Rs 8,000-23,000, almond kernel (california) Rs 690-700 per kg, almond kernel (gurbandi) Rs 700-800 per kg, chilgoza (Roasted) (1 kg) Rs 2,300-2,500, cashew kernel 1 kg (no 180) Rs 1,075-1,085, cashew Kernel (no 210) Rs 955-985, cashew kernel (no 240) Rs 900-940, cashew kernel (no 320) Rs 830-850, cashew kernel broken 2 pieces Rs 670-765, cashew kernel broken 4 pieces Rs 650-765, cashew kernel broken 8 pieces Rs 550-670, copra (qtl) Rs 15,000-18,000, coconut powder (25 kgs) Rs 4,300 -4,800, dry dates-red (qtl) Rs 2,800-11,500, fig Rs 19,000- 25,000, kishmish kandhari local Rs 10,000-15,000, kishmish kandhari special Rs 9,000-21,000, kishmish Indian yellow Rs 3,400-4,400, kishmish Indian green Rs 6,000-9,000, pistachio Irani Rs 1,100-1,200, pistachio hairati Rs 1,380-1,450, pistachio peshawari Rs 1,500-1,580, pistachio dodi (roasted) 750-860, walnut Rs 260-350 and walnut kernel (1 kg) Rs 800-1,200. DP SUN DPL SBT


India: Pistachio falls on subdued demand

New Delhi, Sep 5 () 

Pistachio prices eased by Rs 5 per kg at the dry fruit market in the national capital today largely due to subdued demand from retailers and stockists.

Besides, adequate stocks position following increased arrivals from overseas markets also put pressure on pistachio prices.

Pistachio (hairati and peshawari) fell Rs 5 each to conclude at Rs 1,375-1,445 and Rs 1,495-1,595 per kg, respectively.

Traders said sluggish demand from retailers and stockists against increased arrivals, mainly led to the fall in pistachio prices.

Following are today's quotations (per 40 kgs):

Almond (California) Rs 18,600-18,800, almond (gurbandi) Rs 11,900-12,100, almond (girdhi) Rs 5,000-5,100; abjosh afghani Rs 8,000-23,000, almond kernel (california) Rs 670-690 per kg, almond kernel (gurbandi) Rs 700-800 per kg, chilgoza (Roasted) (1 kg) Rs 2,300-2,500, cashew kernel 1 kg (no 180) Rs 1,080-1,090, cashew Kernel (no 210) Rs 960-990, cashew kernel (no 240) Rs 905-945, cashew kernel (no 320) Rs 835-855, cashew kernel broken 2 pieces Rs 670-765, cashew kernel broken 4 pieces Rs 650-765, cashew kernel broken 8 pieces Rs 550-665, copra (qtl) Rs 13,000-17,000, coconut powder (25 kgs) Rs 4,200 -4,700, dry dates-red (qtl) Rs 2,800-11,500, fig Rs 19,000- 25,000, kishmish kandhari local Rs 10,000-15,000, kishmish kandhari special Rs 9,000-21,000, kishmish Indian yellow Rs 3,400-4,400, kishmish Indian green Rs 6,000-9,000, pistachio Irani Rs 1,100-1,200, pistachio hairati Rs 1,375-1,445, pistachio peshawari Rs 1,495-1,595, pistachio dodi (roasted) 750-860, walnut Rs 250-340 and walnut kernel (1 kg) Rs 790-1,190. DP SUN ADI MKJ


Ghana Export Promotion Authority (GEPA) to drive government’s agenda

05 Sep. 2017

The Ghana Export Promotion Authority (GEPA) is working towards achieving the vision of the Government to move the nation from consumption to production and export-based economy.
To this end, GEPA had identified some crops that would be developed for export including cashew, mango, pineapples and Shea butter.
Madam Gifty Kekeli Klenam, the Executive Director of GEPA, at the launch of the Economic, Trade and Investment Bureau in Accra on Monday, said GEPA had targeted to export $10 billion worth of value-added products in the next four years.
She said cashew would constitute 40 per cent of the targeted amount, 20 per cent for shea butter while other crops such as mango, yam, pineapples, vegetables and clothing would share the rest of the 40 per cent.
Madam KlenamL said GEPA had developed a 10-year sustainability plan for production of cashew and would add value to it so that the nation would earn more foreign exchange.
“We are going to change the export sector in Ghana and for every product we have identified, sustainability of production is the key,” she said.
The event is on the theme: “The New Dynamics of Economic Diplomacy Strategies to Maximise Investment, Trade, Culture and Tourism Potentials of Ghana”.
Madam Klenam said GEPA had developed a concept document for processing pineapples and that some banks had adopted it and were prepared to invest in the venture.
She said GEPA was preparing 15 million suckers of pineapple and would need GH¢4.2 million to process them adding that it would fetch the country an estimated $13.1 million in some few years.
There are 17 existing pineapple factories in the Eastern Region that do not have the raw materials for production making the value-added pineapple suckers the Authority is preparing to have ready market.
She said although some of the factories had farmers that produced suckers for them, the value addition suckers from the GEPA would enhance production.
Madam Klenam said GEPA had identified one crop from each district, which would be developed for export, adding that every district assembly where a particular crop had been identified was supposed to provide storage facilities to prevent post-harvest losses.
She said noted that Ghana had the opportunity of selling to the ECWOAS and European markets, but the nation must work on exporting quality products that met the required standards.
Madam Klenam hinted that the International Monetary Fund (IMF) and some local banks were prepared to fund the crops that had been identified for export.
The Ghana Export Promotion Authority is mandated by the Government to promote, develop and drive the agenda of export strategy in Ghana to earn more foreign exchange.
Source: GNA

Nigeria's Research: Unpacking Nigeria’s agriculture opportunities

05 Sep. 2017

This article is based on a comprehensive research report on the investment opportunities in the agriculture sector of Nigeria. Executives and managers interested in the comprehensive report can approach Mr LIN Deyun at
Growth in the urban population of Africa can potentially lead to a US$1tn regional market for African producers by 2030. Agriculture and food processing are vital for creating this $1tn industry.
Food processing is any intentional change in food occurring before consumption. Changing consumer demographics related to lifestyle changes, urbanisation, and tourism is resulting in an increased demand for convenience and processed foods. However, Africa’s agriculture and agribusiness industry is underperforming, providing opportunities for investors to benefit from this huge market.
The demand for convenience and processed food is growing in Nigeria. This demand is led by Nigeria’s expanding middle class, with consumer changes in tastes, patterns and style. Consumers are also becoming more health conscious, adding to the need for nutritious pre-packaged food. The food processing and packaging market report notes that Nigeria’s packaging and food processing market is one of the largest in Africa, estimated at about $545m. Between 2010 and 2012, imports of food processing and packaging technology increased 39%, from €198m ($236m) to €275m ($327m). The packaging industry experienced growth of 12% between 2010 and 2015.
The food processing and packaging market report also notes that the food and beverage industry accounts for 66% of total consumer expenditure, estimated at $150bn. It is the largest sector in manufacturing, accounting for 22.5% of the manufacturing industry. Small and medium enterprises account for 85% of companies, with 10% of total sales volume, while the big food and beverage players constitute 15%, with 90% of sales. In the packaged food sector, a 65% share of total revenue go to multinational firms who partner with local firms to repackage and market their products. The packaged foods sector has seen an influx of new players and products, making it one of the most dynamic sectors in the industry. Improved product quality and innovation, advertising and direct distribution all contribute to the dynamism.
Nigeria’s agriculture and agribusiness industry is plagued with numerous challenges such as business, infrastructure and regulatory problems. Business challenges include the lack of funds, market share, cost of raw materials, taxation and other issues affecting the ease of doing business. There is inadequate infrastructure – such as power supply, transportation facilities and networks, and storage facilities – which can lead to a poor capacity for post-harvest handling, and high production and productivity costs. Regulatory challenges, such as insufficient food inspection, lack of standards and/or enforcement, hinder food processing and quality.
Food quality and safety systems need to be revamped to ensure the health of consumers and the competitiveness of food exports. There is a need for more food testing facilities, a strengthened inspectorate system and better co-ordination between federal agencies. Lessons from initiatives, such as the 2013-2018 European Union (EU)-funded National Quality Infrastructure Project for Nigeria (NQIP), should be put to good use. The NQIP, implemented by the United Nations Industrial Development Organisation, seeks to address challenges related to the quality of infrastructure, including providing trust for Nigerian products in regional and international markets, strengthening technical regulation and improving the enforcement of quality control of local and imported products.
The National Agency for Food and Drug Administration and Control (NAFDAC) and the Standards Organisation of Nigeria (SON) are beneficiaries of the NQIP, increasing the potential for policies and programmes to be implemented for food safety and improved industry regulations. A tangible outcome of the NQIP is the preparation of the National Directory of Testing and Calibration Laboratories in Nigeria. The directory featured 78 laboratories with a strong presence in Lagos, Port Harcourt and Abuja. It hopes to eventually cover the whole country and become a web tool accessible to all interested stakeholders. With regards to testing for foods, the directory lists a number of private and public laboratories. For instance, the SON’s directorate of laboratory services, which undergoes testing in its food technology laboratories in Lagos with sub-laboratories in microbiology, physio-chemical, micro-nutrients and mycotoxin, is involved in the testing of a number of food products listed in the directory. The directory is therefore a useful tool for companies who want to confirm the integrity, quality and competitiveness of their products in Nigeria.
Agricultural research is also necessary. The government needs to engage its numerous institutions to ensure the conduct of valuable, quality and accessible research that will increase productivity across the agricultural value chain. Nigeria’s National Agricultural Research system, made up of over 78 institutions and organisations, including research institutes, federal colleges of agriculture, agriculture facilities in universities and specialised agriculture universities, need to increase their efforts to engineer sustainable growth. Reasons cited for the failure to engineer growth include weak mechanisms for translating research into field usage and an inability to incentivise innovation. The private sector can help these institutions by more effectively collaborating with them in areas such as funding, professorships/chairs, scholarships and awards.
Despite the challenges, there is tremendous untapped potential in Nigeria’s agriculture and agribusiness sector. In the third quarter of 2016, the sector grew 4.88% and has grown by as much as 13% in previous years. The Nigerian government is prioritising agriculture with growth plans of 6.9% from 2017-2020. Rice, cashew nuts, groundnuts, cassava and vegetable oil are products the country hopes to export by 2020. There are plans to make Nigeria self-sufficient in tomato, rice and wheat by 2017, 2018 and 2019/2020 respectively. These goals will involve significant private sector investment and government collaboration and support.
A broad range of food production and processing opportunities can be gleaned from The Green Alternative, Nigeria’s agriculture promotion policy document. It provides the following table with 2016 estimates of demand and supply gaps across key crops and activities in Nigeria.

Gaps in Nigeria demand and supply across key crops and activities (2016 estimate). Source:

The report focuses on the production and processing of nine core agriculture products. This includes four key crops on The Green Alternative list above – rice, tomato, chicken (poultry) and oil palm, as well as five other products – chicken eggs, fruit juice, mixed nuts (cashew and peanuts), cassava and organic fertilisers. The depth of research needed to cover all key crops listed in the green alternative necessitated a selection of key crops to be addressed.
Statistics from the Food and Agriculture Organisation of the United Nations (FAO) on Nigeria’s 2014 production, yield and area harvested for rice, tomato, fruit, cashew and groundnuts, as well as chicken stocks, show Nigeria’s performance in the given year.



Comparing selective sections of Nigeria’s 2014 agriculture performance with the statistics given for Western Africa below, Nigeria’s opportunities and capabilities in agriculture arguably are evident. For instance, Nigeria produced 2.1 million tonnes of tomatoes of the 3.5 million tonnes aggregate production for Western Africa.

The Green Alternative, FAO statistics and regional comparisons highlight the opportunities prevalent in Nigeria’s agribusiness sector. Focusing on the selected agricultural products in this report, there are investment opportunities for local production and strengthening processing capacities. This is more so considering the foreign exchange restrictions on the importation of rice, tomatoes, eggs, crude palm oil and poultry. The abundance of fruits, cashew and groundnuts, as well as the large consumer market, are also attractive for investors. Investors will be able to provide Nigeria with efficient productivity methods and value additions through processing, capable of taking Nigeria’s agribusiness to higher levels of growth and profitability.
Rice production is insufficient to meet the demand, and although there are a number of key players involved in backward integration and processing, more investment is needed in areas including land area, improving rice yields, training for small-farm holders, which make up more than 80% of farmers in the country, pre-milling and post-milling operations. The government’s plan to become self-sufficient as far as rice is concerned and ensuing initiatives to achieve this desire, should encourage private investment. Key players include the Olam Group, a Singapore global agribusiness company, the Dangote Group and the Bua Group, which are Nigerian entities.
Nigeria has the competitive advantage to lead worldwide tomato production. A major problem here is post-harvest loss. A number of initiatives, such as the Bank of Industry and Central Bank of Nigeria funds and interventions, YieldWise, GEMS4, which is linking farmers to processors, and other private sector solutions are making an impact. Investment opportunities in processing to make Nigeria self-sufficient in tomato paste and other tomato-based produce, are huge.
Chicken and egg production in Nigeria is set to grow to meet the increasing demand in protein-rich diets. The poultry sector is experiencing continued growth. However, there are investment opportunities in poultry equipment, breeding, feeding, milling and processing. The challenges caused by the high cost of poultry feed caused Olam to recently invest in animal feed mills, breeding farms, and a hatchery. Investments in the area of disease prevention, transport, logistics and processing are needed.
Opportunities for fruit production and processing go beyond the current key consumer preferences such as citrus, apple and mango. Investors may consider coconut, which can be processed into coconut water and coconut oil. The abundance of this fruit or nut in Nigeria, and the potential local and global demand for its beneficial value, makes it investment worthy. Nigeria’s fruit juice market, although maturing, has opportunities in the development of processing capacities. Inadequate production, post-harvest loss and lack of processing capacities still seem to be reasons for Nigeria’s continued importation of fruit juice concentrate. Dominant market players like Chi Limited are looking towards expanding the local sourcing of raw materials. The Nigerian agribusiness, Teragro, is investing in fruit production and processing, with the objective of reducing reliance on the importation of fruit concentrates.
Mixed nuts are gaining popularity in Nigeria’s domestic market, as well as globally. Nigeria’s comparative advantage in cashew and peanut production and the government’s plan to make cashew a foreign exchange cash crop, require investments. The mixed fruit sector also needs value adding processing capacities. Singapore companies may be interested in processing as Nigeria already exports some of its processed cashew to Singapore and other neighbouring Asian countries. The amount of cashew processed in Nigeria is minimal, with most of the produce being shipped to Vietnam, India and other intermediary countries for shelling, processing and packaging.
Cassava production and processing provide huge investment opportunities across the cassava value chain. Nigeria, the largest producer in cassava production, needs investments to improve yield and the area cultivated. Such investments include the acquisition of land, use of mechanised equipment and efficient farming technologies. The Bill and Melinda Gates Foundation is involved in a project to ensure the availability of certified quality seeds that have the potential to greatly increase yields. Investments are also needed to transform the lucrative cassava processing sector. There is huge unmet demand in the food sector for products such as high-quality cassava flour (HQCF), food-grade ethanol and starch, glucose and sweeteners. The use of HQCF for bread, if implemented successfully, will help reduce Nigeria’s wheat imports and further increase demand for cassava processing. Successful implementation would also require investments. Industrial starch for use in the pharmaceutical, paper, textile and adhesive industry and ethanol for biofuel, also provide huge potential.
Palm oil production in Nigeria needs investment to meet an increasing demand driven by household and industrial consumption. Nigeria, the top producer and exporter of palm oil in the 60s, is now a net importer. With over 90% of crude palm oil carried out by smallholder famers, there is room for investors to increase productivity. Okomu Oil and Presco, the largest commercial producers, account for just 7% of total crude palm oil production. This further highlights the need for more investments in the commercial production of palm oil. A number of companies, such as Dufil Prima Foods Plc and PZ Wilmar, are involved in backward integration with the potential to reap huge rewards.
Finally, Nigeria needs investments in the promotion and achievement of organic agriculture and fertiliser. Nigeria’s agricultural system, which mainly consists of smallholder farmers, is ideal for organic farming. Investments targeting farmer education and training, technical know-how, produce standards and organic fertiliser production would ensure participation in the $80bn global organic market and developing domestic market for organic fertiliser.
Nigeria’s potential for the agribusiness industry is good and largely untapped. The country’s large consumer market and huge population creates a real demand for food and food processing. This demand creates huge opportunities for investments. The availability of land, raw materials, affordable labour, and export potential also create investment opportunities. The Nigerian government’s increasing perception of the value in agriculture as a business and efforts to diversify the economy through agriculture, strengthen the agribusiness industry’s potential.
In particular, rice, tomato, poultry (chicken and eggs), oil palm, fruit juice, mixed nuts (cashew and peanuts), cassava and organic fertiliser are agriculture products that provide Nigeria with a comparative advantage. The government is partnering with the private sector to develop the value chain of these products. With private sector investments to boost local production and strengthen processing capacities, as well as government support and a business enabling environment, Nigeria’s agribusiness has the potential for increased growth levels and profitability.
Across the products examined in this report, investments pertaining to increasing land cultivation areas, improving yields, training for small farm holders, machinery and equipment, transport and logistics, storage, processing are needed. Processing and value add to products such as tomato, cassava, eggs, fruits and oil palm will positively impact Nigeria’s food security concerns, giving investors good returns. However, investors should be prepared to be involved in backward integration to guarantee supply of raw products for processing.
There is also the need to address the challenges hampering growth in the sector. Challenges such as constraints to land access, low levels of irrigation, limited agricultural research, high cost of farm inputs, availability and affordability of fertiliser, market access, post-harvest loss, infrastructure deficit and inadequate storage and processing facilities require investment and innovative ideas. While investors are beginning to participate actively in these areas, there is still room for more investors to come on board.
Private sector support in the form of import bans for products such as poultry, eggs (excluding hatching eggs) and fruit juice in retail packs and foreign exchange access for the importation of products such as rice, tomato, poultry (chicken and eggs) and palm kernel and palm oil products are incentives for investors to develop domestic production and manufacturing of agriculture products. Smuggling and corruption are vices that the government must deal with more effectively to truly incentivise investment and ensure domestic productivity.
Overall, investors should consider the opportunities and challenges present in the Nigerian agribusiness sector. Investors should further seek to convert challenges into opportunities. By investing in Nigeria’ agribusiness, specifically in areas with high growth potential and/or that the government has identified as priority for growth, the prudent investor has the best chance of reaping bountiful rewards.
The author, Dr Adefolake Adeyeye, is a Research Fellow of the NTU-SBF Centre for African Studies, a trilateral platform for government, business and academia to promote knowledge and expertise on Africa, established by the Nanyang Technological University and the Singapore Business Federation. Dr Adeyeye can be reached at

Chủ Nhật, 24 tháng 9, 2017

IVC: Crop Year 2016-2017: A diversion of 40 million CFA francs in the cashew sector

21 Sep. 2017

Crop Year 2016-2017: A diversion of 40 million CFA francs in the cashew sector
Cooperative Company of modern farmers (ECAM) was hijacked Estimated funds to 40 million CFA francs.
Cooperative Company of modern farmers (ECAM) was hijacked Estimated funds to 40 million CFA francs. According to information in our possession, the ECAM, working in the trade of cashew, was approached by planters offering to supply the company with raw material: cashew. It was during the 2016-2017 campaign. The perpetrators of this crime are economic Moussa Sawadogo Ouiraogo Nana Adama Sawadogo Souleymane all Burkinabe farmers domiciled Minore, in the sub-prefecture of Setifla, Department of Vavoua.
The facts, as they have solicited funds to officials of the cooperative society to make the purchase of cashew from farmers on behalf of the ECAM. A total of 40 million CFA francs that were presented to them at the date of 23 March 2017 to make the purchase of the raw material. The delivery was scheduled for April 30, 2017, but to this day, these three characters are found. Thus, June 2, 2017, the floor of the trial court of Daloa was seized.
A complaint for fraud and breach of trust was transmitted to the Vavoua gendarmerie. These individuals are being investigated, to be heard on the facts alleged against them. Should the state after three years of existence, the ECAM Password 805-2018 producer, with a turnover of 6.2 billion CFA francs.

Marcel ZEPRE 

IVC: Transform 50% of Ivorian cashew production: challenge to business China

23 Sep. 2017

Transform 50% of Ivorian cashew production: challenge to business China

Transform 50% of Ivorian cashew production: challenge to business China

The Ivory Coast has become, since 2016, the first country in the world producer of cashew nuts (cashew), with more than 700 000 tonnes per year, or 25% of world production. The goal is now able to turn on the spot, 50% of this production. In any case what told Chinese entrepreneurs, the Ivorian minister of commerce, crafts and promotion of SMEs, Souleymane Diarrassouba, Friday, September 22, 2017 on the sidelines of the opening ceremony Forum on investment and trade between China and Cote d'Ivoire in Abidjan.
Minister Diarrassouba Souleymane answered indeed to a Chinese entrepreneur who plans to invest to help Côte d'Ivoire to increase its production advantage. It made him realize that the major priority of the Ivorian government was now converting at least half of the 700 000 tonnes a year. "Thank you for your interest in the cashew sector. But what is especially add is that the transformation of the note in cashew (cashew) is the priority for the state. The production level flirts with the 700 000 tonnes. May the rate of local processing is very low. There is 10%. The goal we set the Head of State is to convert half production by 2020. We insist heavily on this fact international economic forum fans, inviting investors to invest in this area. It is sure that with the Chinese farming techniques, production will increase. But behind, we must work so that demand increases in the international market. This, so that the prices offered to producers remain attractive. For example, today, the producer price is trading between 900 and 1000 CFA francs. This was not the case 5 to 10 years ago. We must work so that things continue to improve, "invited Minister Diarrassouba Souleymane. This, so that the prices offered to producers remain attractive. For example, today, the producer price is trading between 900 and 1000 CFA francs. This was not the case 5 to 10 years ago. We must work so that things continue to improve, "invited Minister Diarrassouba Souleymane. This, so that the prices offered to producers remain attractive. For example, today, the producer price is trading between 900 and 1000 CFA francs. This was not the case 5 to 10 years ago. We must work so that things continue to improve, "invited Minister Diarrassouba Souleymane.

The ceremony was attended by 80 businessmen from China. Businessmen wishing to invest in real estate, ore, private security, infrastructure and other sectors. 

Jean-Hubert Koffo

Benin: the cashew sector as socio-economic development factor

18 Sep. 2017
Cotonou houses since 18 September, the 11 th annual conference of African Cashew Alliance (ACA) on cashew. At the opening of the work within the scope of this conference which brings together over 200 delegates, the Minister of State for Planning and Development, Abdoulaye Bio Tchane reiterated the commitment of the Government of Benin to the cashew sector, socio-economic development factor in 2016-2021 as part of the government action program.

"  The Benin, like all other producing countries understood the importance and the interest that is of cashew in the socio-economic development, not only for revenue generation but also and especially for create jobs especially in rural areas. This is why the government action program retained in respect of priorities, the sector cashew on the list of leading agricultural sectors to be specific actions for its development  ", said the Minister of State Bio Tchane.
According to him, Benin still have to play its part to ensure the die cashew sustainable performance to service not only the players but also the economies of our countries in the fight against poverty and for job creation. "  The potential of this sector is no longer any doubt ... Cashew ranks high on the list of opportunities we must seize to make cashew sector socio-economic development factor  ," said Abdoulaye Bio Tchane.
It should be noted that in Benin, the cashew sector contributes to 03% of Gross National Product (GNP) and 07% of gross domestic product (GDP). Cashew plantations cover over 190,000 hectares mainly in central and northern Benin. In 2016, the total cashew production in Benin is estimated at 100,000 tons and corresponds to ¼ of exported agricultural products. The cashew sector is working in the country more than 200,000 farmers and several units of transformations as artisanal and semi-industrial.

IVC: Industrialization and development: Researchers tackle the obstacles to the transformation of the Ivorian economy

18 Sep. 2017


The results of study of the economic policies of Analysis Cell CIRES (CAPEC) on the theme: "Transforming the Ivorian economy: what growth factors of the private sector and job creation" were the subject of release Thursday, September 14, at Marcory, Azalaï hotel. It was on the occasion of a seminar sponsored by the African Economic Research Consortium (AERC / AERC) headquartered in Nairobi (Kenya). The work focused on "access to finance and business productivity in developing countries", "looking for fiscal space in Africa: the role of quality of public spending," "the impact of farm advisory project on the performance of cashew producers in Ivory Coast "... 

Adama Koné offers possible solutions

At the start of work, the Minister of Economy and Finance, Adama Koné, acknowledged that "despite the performances achieved by the Ivorian economy, challenges remain to take advantage of the impact of the action in the sector private on structural transformation to create jobs. "Financial sector embryonic, with a banking penetration rate of 20.4% against 30% in Morocco; low processing of primary agricultural products such as cocoa and cashew; lack of competitiveness of the agricultural sector ... 

To meet these challenges, the Minister considers imperative to improve the quality of training and productivity of the industry depends heavily on the success of research and development activities. It also proposes to develop the private sector towards generating economic structure of sustainable growth and job creation for the people, especially the young.

... Following the article on Other Press