Togo exported XOF7 billion of cashew in 2018, against XOF2.5 billion the year before

Agriculture
Thursday, 10 October 2019 12:38
Togo exported XOF7 billion of cashew in 2018, against XOF2.5 billion the year before

(Togo First) - Last year, Togo's cashew exports generated XOF7 billion, for a volume of 15,000 tons, according to data from the Central Bank of West African States (BCEAO).
Compared to 2017 where cashew exports amounted to XOF2.5 billion, this represents an annual growth of 180%.

This, it should be noted, is a trend sustained since 2016 where the exports were valued at XOF0.8 billion, before rising to XOF2.5 billion the following year. However, in 2014, the sector recorded a drastic fall in performance, due to the global commodity crisis. Indeed, that year, revenues from cashew exports tumbled by 70%, compared to 2013, to XOF600 million, and stagnated at this level in 2015.

In the first quarter of this year, Togo exported 1,035 tons of cashew to India, one of its largest customers says N'Kalo. This is an improvement compared to volumes sent to the sub-continent over the same period in 2018; this despite India's global cashew imports having fallen over the period.
Togo eyes a cashew output of 24,000 tons this year.

Ayi Renaud Dossavi

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