Togo to market 250,000t of soybeans in the 2021-2022 campaign

Agriculture

Wednesday, 20 October 2021 17:29

Togo to market 250,000t of soybeans in the 2021-2022 campaign

(Togo First) - Two hundred and fifty thousand (250,000) tons of soybean seeds will be put up for sale in the 2021-2022 campaign. This was recently disclosed by the Interprofessional Council of Soybean in Togo (CIFS-TOGO), as the campaign was being launched.

This volume is 40% higher than that marketed in the previous campaign: 150,000 t.

Out of the 250,000 t that will be marketed this year, 36,000t will be processed locally. “The interprofessional council asks all operators who have an export contract to set aside a part of their stock for local processing units, to ensure they do not lack the input throughout the year. The council’s office will make sure of that,” said Komla Kadzakade, Chairman CIFS.

In this framework, the CIFS granted local processors a two-week delay to get their soybean supplies.

For the ongoing campaign, the interprofessional council slightly raised the price per kg of soybean, from CFA186 in 2020 to CFA205.

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At the fifteenth position, worldwide, and first in Africa, under the Starting a Business index of the 2020 Doing Business ranking, Togo sustains its reformative dynamics with more reforms….

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