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  • Benin: the minimum price per kilogram of cashew nuts set at 325 FCFA in 2019/2020

    Feb 20th, 2020

    <p></p><p>In Benin, the guaranteed minimum price for cashew nuts continues to fall. In 2019/2020, the kilogram of the raw material will be traded at 325 Fcfa on the domestic market. This was stated yesterday by the government after the Council of Ministers.</p><p>This is the second consecutive drop in the tariff from one year to another after the price has been lowered from 650 Fcfa / kg to 400 Fcfa / kg from 2017/2018 to 2018/2019. If he does not specify the reasons for the decline, the executive stresses that the fixing of this amount results from an "  objective evaluation of the past season as well as of price trends on the world cashew market  ".</p> <p>The 2019/2020 campaign will be launched on March 19 in Djougou in the north-west of the country and should end on October 31. As a reminder, Benin's objective was to harvest 171,000 tonnes of cashew nuts in 2018/2019 compared to 140,000 tonnes a year earlier. The cashew sector represents 8% of the value of exports according to WTO data.</p><br><p></p>


    Source: www.agenceecofin.com
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