Togo’s phosphate output soared 87% in 2020

Economy
Friday, 04 June 2021 15:59
Togo’s phosphate output soared 87% in 2020

(Togo First) - From about 700,000 t in 2019, Togo’s phosphate production almost doubled to over 1.3 million t in 2020. This is an 87% increase according to latest data from the Central Bank of West African States (BCEAO). 

This surge drove the WAEMU’s output up by 23.5% - the latter reached nearly 2.9 million tons last year. Senegal, which produced 55% of the region’s output, over the period reviewed, recorded a 3% decrease in its production. 

Sales up

Volumes exported by Togo also rose by 61%; from 800,000 t in 2019, the country sold 1.3 million tons the following year, in a context where global prices slumped by 13%. 

In 2019, let’s recall, Togo earned CFA92 billion from its phosphate exports.

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