Mon Feb 06 2017
According to executive director
of the National Council for the marketing of Cotton and Cashew Council (CCA),
the output of the Ivory Coast in 2016 dropped to about 650,000 tons, from a
record high of 702,000 tonnes in 2015. However, , good weather is forecast to
boost production in the exporting country the world's largest crude to record
highs in 2017.
Production of crude in 2016
decreased due to adverse weather and cashew entered the recovery phase after
the high yield in 2015. Good weather at the end of 2016 will be the conditions
for cashew production in 2017 reached record high. CCA aims production of crude
by 2020, 1 million tons. 1 decade ago, Ivory Coast produced only 80,000 tons of
crude annually.
Strong demand from Asia boosted
production growth of 10% / year when the government continuously supports
promoting this sector as part of the economic recovery plan, after the civil
war ended in 2011. Only 90,000 tons of crude processed in local representative
in 2016 but said CCA will increase 140,000 tons in 2017 when the new plant goes
into operation.
Source: Reuters
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