(Ecofin Agency) - In Côte d'Ivoire, the cocoa sector plays an important socio-economic role providing up to 40% of export earnings. Faced with the poor global economic situation, producers are benefiting from a boost from the authorities for the new 2022/2023 campaign.
In Côte d'Ivoire, the purchase price per kilogram of cocoa from producers has been set at 900 CFA francs for the main season of the 2022/2023 campaign, which began on October 1. The announcement was made on September 30, by Tiémoko Meyliet Koné (photo), vice-president of the country on the sidelines of the 8th edition of the National Cocoa and Chocolate Days (JNCC).
This rate shows an increase of 75 CFA francs compared to the amount in force during the same period of the previous year. It is also part of the executive's desire to ensure that producers receive 60% of the CIF (Cost, Insurance, Freight) price. " One of the priorities for guaranteeing the sustainability of the cocoa economy is to ensure decent remuneration for producers through a better redistribution of the overall value generated ", explains Mr. Koné.
This revaluation of the price of the bean should contribute to encouraging the productive apparatus in a context marked by inflation and a rise in the price of fertilizers which could lead to a drop in the use of the input by the farmers.
Indeed, cocoa farmers only benefit from 6% of the $100 billion per year generated by sales in the global cocoa and chocolate value chain.
According to projections, the volume of the 2022/2023 main harvest is expected at 1.65 million tonnes. In Côte d'Ivoire, the cocoa sector provides livelihoods for nearly 6 million people.
Source : Agence Ecofin