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Exchange workshop with the financial sector: The Cotton and Cashew Council on the issue of financing the marketing of cashew nuts

14/12/2023
Source : ORISHAS FINANCE
Categories: Companies

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The exchange workshop with the financial sector on financing the marketing of cashew nuts was held on Tuesday, December 12 in Abidjan. This is a workshop organized by the Cotton and Cashew Council

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The CEO of the Cotton and Cashew Council, Adama Coulibaly, indicated during the exchange workshop that to date, Côte d'Ivoire produces 25% of the world's cashew nut production, or just over 1 million tons of a global cashew production that revolves around 4 million. According to this year's figures, Côte d'Ivoire produces 1.1 million tons, but processes only less than 300,000 tons and sends at least 800,000 tons of cashew nuts to the world market, according to this year's figures. He explained to players in the banking and financial sector that the sector has set up traceability mechanisms

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According to the CEO of the Council, Côte d'Ivoire's ambition is transformation. According to his explanation, “this year, 262,000 tons were processed compared to 57,000 tons in 2019, 103,000 tons in 2020, 136,000 tons in 2021 and 224,000 tons in 2022,

a dynamic that we hope will be irreversible.”
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