Togo: Soybean sales campaign begins

Monday, 21 November 2022 16:00
Togo: Soybean sales campaign begins

(Togo First) - Togolese soybean actors officially launched the 2022-2023 sales campaign last Tuesday, November 15. The campaign will end on June 30, 2023.

This season, over 200,000 tons of soybeans will be sold, according to the national federation of soybean producers.

"We have agreed to set up a safety stock for the benefit of processors. The moratorium period that was given last year will not be granted this campaign, but all buying traders will put in place a safety stock for processors," said Komlan Kadzakade, President of the Interprofessional Council of the soybean sector (CFIS).

This season, the on-field purchase price at the field is up by about 7%. –CFA280 to CFA300 per kg.

Let’s note that soybean has performed well in the past few years. During the 2016-2017, 2018-2019, and 2019-2020 campaigns, respectively, the sector posted an output of 39,000 tons, 44,700 tons, and 46,700 tons.

Esaïe Edoh

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