Business, Ivory Coast

Coffee & cocoa: Ivory Coast strengthening its position of world leader

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The coffee & cocoa of Ivory Coast is promising. The production of the year 2013-2014 will far exceed the announced forecasts. Indeed, the production for the above-mentioned period will reach 1, 67 million tons contrary to 1, 45 million tons planned. These figures consolidate the rank of world leader for Ivory Coast in the coffee & cocoa sector.

Coffee & cocoa as the first natural resource of Ivory Coast, will benefit to the country, 308 billion of FCFA (470 million Euros) for the year 2013-2014. The increase of the Ivory Coast production is partially explained by the weather report that played in favor of the country. The country also introduced new orchards into its production.

The good news had repercussions on the country national budget. “The increase of the cocoa production led the Ministry of Economy and Finance to present a rectified law of the financing law at the cabinet meeting“, explained Bruno Koné, the Ivory Coast Government Spokesman.

Ivory Coast has at present supplied 36 % over the world cocoa with 1, 3 million tons of beans of the brown gold. These figures show the strong progress of the country that produced only 1, 2 million tons last season.

In order to face the competition, the giant of the sector launched in May 2014 Cocoa Action, a development plan of the sector that consists in efforts mutualization.

 

Original text by: Roger ADZAFO

 

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