world trade of raw cashew nuts: opportunities for … · 2020-02-18 · problem of financing...
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WORLD TRADE OF RAW CASHEW NUTS:WORLD TRADE OF RAW CASHEW NUTS:
OPPORTUNITIES FOR REFORM IN CÔTE D'IVOIRE
Mamadou BERTE, Deputy Managing DIrector
Le Conseil du Coton et de l’Anacarde
13 février 2020
PRESENTATION PLAN
I- MAIN MEASURES FOR STRUCTURING THE CASHEW NUT SECTOR IN CÔTE D'IVOIRE
II- EVOLUTION OF CASHEW NUTS EXPORTS IN IVORY COAST
III- IVORY COAST'S MAIN DIFFICULTIES IN THE GLOBAL III- IVORY COAST'S MAIN DIFFICULTIES IN THE GLOBAL CASHEW TRADE
VI- PROPOSITIONS
I- MAIN MEASURES FOR STRUCTURING THE CASHEW NUTSECTOR IN CÔTE D'IVOIRE
1- Implementation of a farm advisory system dedicated to cashew nut producers
1 2
3
Scheme of 274 Farm Advisors and 35 Cashew SpecialistTechnicians
Nearly 350,000 producers affected by BPA
farm advisoryfarm advisory
2- Organisation of research in the sector
Three (3) confirmed Eighteen (18)Elaboration of the National
I- MAIN MEASURES FOR STRUCTURING THE CASHEW NUTSECTOR IN CÔTE D'IVOIRE
4
Three (3) confirmed high-yielding genotypes
Eighteen (18)private nurseriesequipped and installed
Elaboration of the National Cashew Tree Research Programme(NARP 2018-2028))
3-Structuring the marketing of cashew
Identification and delivery of approvals to the actors of the sector
I-MAIN MEASURES FOR STRUCTURING THE CASHEW NUTSECTOR IN CÔTE D'IVOIRE
5
Implementation of a quality control systemand marketing monitoring
Establishment of a limit pricing mechanism involving all players
1- Providing Incentives and Support for Local Processing
�processing subsidy of 400 F per kg of peeled kernels produced and sold;
4-Supporting the local processing ofcashew
I- MAIN MEASURES FOR STRUCTURING THE CASHEW NUTSECTOR IN CÔTE D'IVOIRE
6
�processing subsidy of 400 F per kg of peeled kernels produced and sold;✓ guarantee deposit mechanism (MDG) to facilitate access to raw material financing for industrial units;✓ implementation of the Project for the Promotion of Competitiveness of the Cashew Value Chain (PPCA)✓ Signing of State/Processor agreements.
2- Creation of the Cashew Industry Innovation and Technology Centre
1- Ivory Coast market share
II-EVOLUTION OF CASHEW NUTS EXPORTS IN IVORY COAST
� Côte d'Ivoire retains its position as the
world's leading producer and exporter of
cashew nuts 574,464 634,6312019
Exports and production in tonnes
7
�It represents :• nearly 45% of West Africa's production (1,850,000 tonnes);
• More than 21% of the estimated world production (3,800,000 tonnes);
• About 30% of this offer.
602,079
614,784
642,648
649587
711236
761,317
2016
2017
2018
Source : Données du Conseil du Coton et de l’Anacarde
II- EVOLUTION OF CASHEW NUTS EXPORTS IN IVORY COAST
2- Main export destinations3
90
,97
8
415
,95
7
42
9,1
59
44
5,6
96
INDE VIETNAM BRESIL Autres
8
199
,20
4
174
,29
1
198
,42
4
120
,017
9,7
87
20
,47
2
6,4
53
5,0
50
2,1
10
4,0
65
8,6
12
3,7
01
2 0 1 6 2 0 1 7 2 0 1 8 2 0 1 9
Source : Données du Conseil du Coton et de l’Anacarde
3- Share of major importers
II- EVOLUTION DES EXPORTATIONS DE NOIX DE CAJOUDE LA CÔTE D’IVOIRE
9Source : Données du Conseil du Coton et de l’Anacarde
1- Evolution of prices from Côte d'Ivoire origin
II- EVOLUTION DES EXPORTATIONS DE NOIX DE CAJOUDE LA CÔTE D’IVOIRE
1200
1400
1600
1800
EV
OLU
TIO
N D
ES
PR
IX
10
2014 2015 2016 2017 2018 2019
Prix FOB Moyen (FCFA/kg) 420 595 733 951 896 710
Prix CAF Moyen (USD/MT) 940 1,145 1,345 1,690 1,678 1,335
0
200
400
600
800
1000
EV
OLU
TIO
N D
ES
PR
IX
Source : Données du Conseil du Coton et de l’Anacarde - Contrats enregistrés
1. Non-compliance with the terms of export contracts,especially by importers;
2. Lack of consensus on the results of quality analysis between Ivorian operators and importers ;
III- IVORY COAST'S MAIN DIFFICULTIES IN THE GLOBAL CASHEW TRADE
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Ivorian operators and importers ;
3. " Transit time" can be long, contributing to the deterioration of product quality.;
4. Problem of financing Ivorian exporters.
1. Focus on local processing of cashew nuts
The Government's commitment and the measures put in place confirm that processing is a major priority for the State of Côte d'Ivoire.;
IV- PROPOSITIONS
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2. Establish through the International Cashew Advisory Council (CICC) :
an arbitration court for disputes between operators;❑ a cashew nut exchange to tackle information asymmetry and price volatility;❑ a harmonized system of market quality control.
THANK YOU FOR YOUR
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THANK YOU FOR YOURATTENTION