Togo exported 15,000 Mt cashew nuts during 2018 agricultural campaign

Agriculture

Monday, 03 December 2018 14:29

Togo exported 15,000 Mt cashew nuts during 2018 agricultural campaign

(Togo First) - Togo exported 15,000 metric tons (Mt) of cashew nuts during the 2018 agricultural campaign. This was disclosed by Robert Sedjro, head of cashew exporters. Compared to the previous season’s output (12,000 Mt), this year’s exports are up by about 3,000 Mt.

While the current output meets forecast announced by the N’kalo magazine, it should not hide the fact that “Togo is the least cashew producer in West Africa”. According to Sedjro, “it comes after Côte d’Ivoire (750,000 Mt), Benin (200,000 Mt), Ghana (200,000 Mt), Guinea (150,000 Mt) and Burkina (120,000 Mt)”. The official hence urged all interested in agribusiness to invest in the cashew sector.

Let’s recall that after Benin, Burkina Faso and Côte d’Ivoire, Togo has adopted a tax on cashew export which it baptized “Levy on Cashew Nut” (Prélèvement sur les noix de cajou – PNC). The tax is CFA40 per Kg on raw nuts and CFA5 on processed nuts. Its proceeds should be transferred to a special account at the Public Treasury. The account’s name is “cashew management fund in Togo”.

Séna Akoda

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