Côte d'Ivoire: 20 000 tonnes of cashew nuts will be processed by nationals in 2017 (Government)
April 06, 2017
Nearly 20 000 tonnes of cashew nuts will be processed in 2017 by the nationals in Côte d'Ivoire, the Ivorian government announced on Wednesday, which has adopted a mechanism to support these national processors in order to facilitate their access to Financing through the banking sector.
According to the Ivorian government spokesman Bruno Nabagné Koné, who was speaking on Wednesday at the end of a ministerial council chaired by the head of state Alassane Ouattara, a "mechanism to support domestic processors The cashew '' was adopted.
"A total of almost 20,000 tonnes of raw nuts could be processed during the 2017 crop year, compared with 3,550 tonnes in 2016," said Bruno Nabagné Koné, stressing that " To make it possible to substantially increase the production and processing of cashew nuts in our country during this year 2017 ''.
The objective is to facilitate access to raw materials (cashew nuts) to domestic processors, in particular through financing involving the banking sector as part of the government's efforts to accelerate the processing of cashew nuts.
"This mechanism consists mainly of mobilizing part of the resources of the Cotton and Cashew Council Council in the form of an advance for the acquisition of an initial cashew stock for the benefit of local processors during the campaign 2017, "explained Mr Koné, also Minister of Communication, Digital Economy and Post.
It 'provides a guarantee mechanism for stock of raw nuts purchased through this mechanism. This is to ensure that the advances made by the Cotton and Cashew Council are secured, "the minister added.
This mechanism will allow beneficiary processors to build up a sufficient cashew nut stock to operate their plants throughout the year on the understanding that the entire campaign is relatively short (three to four months).
Côte d'Ivoire has become the world's largest producer of cashews before India in 2015 with more than 700,000 tons compared to 564,780 tons in 2014. The cashew nut sector has 250,000 producers in Côte d'Ivoire and employs more than one million Of people.