Ivory Coast, Top News

Cocoa: a new record for Ivory Coast

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The Ivory Coast cocoa thwarted all announced forecasts. For the years 2013 and 2014, it was planned a cocoa production of 1,45 million tons. This figure was increased first (1,67 million tons) then second (1,74 million tons). The production of this year thus beats the record of the campaign 2010/2011 (1,5 million tons) and consolidate the position of Ivory Coast as world leader in the coffee & cocoa sector.

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

The good news got repercussions on the national budget of the country. “The increase of the cocoa production led the Ministry of Economy and Finance to present a rectified law of the law of finance in Council of Ministers“, explained Bruno Koné, the Ivory Coast Government Spokesman.

Ivory Coast is currently supplying 36 % of the world cocoa with 1,3 million tons of the brown gold beans. These figures show the strong progress of the country that produced only 1,2 million tons the last season.

In order to stand stronger against to competition, the giants of the sector launched in May 2014 Cocoa Action, a development plan for the sector that consists in efforts mutualization.

 

Original text by: Roger ADZAFO

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