Exports of soybean from the recent campaign generated CFA 50 billion for Togo

Agriculture
Tuesday, 18 August 2020 16:58
Exports of soybean from the recent campaign generated CFA 50 billion for Togo

(Togo First) - In the past soybean marketing year (Oct. 2019 to July 2020), Togo’s export revenues amounted to around CFA 50 billion. The figure was disclosed last week by the interprofessional soybean council and relayed by republiquetogolaise.com. 

Overall, the country which is striving to become a leading producer of organic soybean produced 167,100 tons of soybeans (organic and non-organic) over the period concerned. 

Of this volume, 160,000 t were exported, 6,000 t were consumed locally and about 1,000 t remained with producers. A little over CFA 39.5 billion served to finance purchases from producers. 

During the season reviewed, around 70,000 permanent and temporary jobs were created in the sector. 

The figures, which are encouraging, according to actors of the sector should not overshadow challenges that the country still needs to overcome to consolidate good results in the coming season. Togo, it should be noted is the largest exporter of organic soybean to the European Union. 

Ayi Renaud Dossavi

togofirst mobile

 
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