Thursday, 29 September 2016

Cocoa production and exports plunge in the Ivory Coast

Ivorian cocoa production and exports have
plunged in the 2015-2016 season compared to
the 2014-2015 season.

The Ivorian information minister said on
Wednesday that the 12.6% decrease was due
to climate change and drought.
“Production decreased to 1.565 million tonnes
for the 2015-2016 campaign as compared to
the 1.791 million tonnes in the 2014-2015
campaign,” Bruno Kone said.
Production decreased to 1.565 million tonnes
for the 2015-2016 campaign as compared to
the 1.791 million tonnes in the 2014-2015
campaign.
He added that exports also decreased from
1.622 million tonnes to 1.548 million tonnes.
The government announced that the cocoa
buying price for the next season starting
October 1 will increase by 10% which according
to the minister, is “good news for peasant
farmers whose incomes will continue to grow”.
Cocoa is a vital cash crop for the Ivory Coast
which according to the World Bank, represents
15% of GDP, over 50% of export earnings and
two thirds of the jobs and incomes of the
population.