MIFA: 1500 kg of beeswax sold to US firm Koster Keunen

Thursday, 29 August 2019 13:34
MIFA: 1500 kg of beeswax sold to US firm Koster Keunen

(Togo First) - Recently, 1,500kg of beeswax, produced by local beekeeping cooperatives, was sold to Koster Keunen West Africa (KKWA).

The transaction, worth a little more than XOF5 million, is the fruit of a partnership agreement signed six months ago by MIFA SA, Togo’s national beekeeping association, and US Group Koster Keunen which specializes in the production of natural ingredients for the cosmetics, pharmaceutical and agro-food industries.

The volume recently sold to KKWA is only 42% of the expected quantities for this year, under the agreement (Togolese beekeepers agreed to deliver 3.5 tons per year).

Still under the deal, MIFA SA should facilitate the supply of beeswax from Togolese producers to the American firm, over four years.

Ayi Renaud Dossavi

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