<p></p><p>Halfway through the marketing year, 26,000 tons of cashew nuts (cashew nuts) against 24,000 tons last year from the same period were purchased for local processing despite a '' failed crop ' 'during the first phase of the campaign, announced on Friday in Abidjan President of the Council of cotton and cashew, Malamine Sanogo.</p> <p>'' On May 10, 2016, local processors bought 26,000 tons against a little less than 24 000 tons at the same stage of the campaign in 2015, '' said Mr. Sanogo during an assessment meeting mid-term. <br></p> <p>Côte d'Ivoire became in 2015 the largest producer of cashew nuts with 700 000 tons. Of this production, only 45 000 tons were processed locally, to believe in, the Director-General of the Council of cotton and cashew. '' Despite stiff competition from raw nut exporters, processors have increased their purchase of just under 10% from the 2015 campaign '', he welcomed stressing that '' additional incentives being finalized should help increase their capacity for action. '' <br></p> <p>For the 2016 campaign, 1,192 buyers and 128 exporters were approved by the Board. The excitement generated by the results of the reform of the sector on the first two cashew implementation of campaigns resulted, according Malamine Sanogo, an increase of over 35% in the number of applications for approval of cashew nuts buyers over 26% in exporters.</p> <p>At this stage, he added, '' about 450 000 tons of cashew nuts were purchased to the producers '', adding that '' regions of Béré (North West), Hambol (North), Gontougo ( North-East) and the Poro (far north) are in the lead with more than half of purchases'. <br></p> <p>A little more than 200 000 tons of cashew nuts were exported at this stage of the campaign against 330,000 tons in the same period in 2015. '' Compared to the 2015 campaign, volumes of purchases and cashew exports are decreased by 19% and 40% respectively. Which at this stage of the campaign reflects a cashew maturity late, '' said Mr. Sanogo, attributing this to the '' climate hazards. '' <br></p> <p>'' In recent weeks, it is observed increased activity that encourages optimism. The overall decline in exports is more significant to India with over 60% at the level of Vietnam where the volume is nearly constant (4% decrease), '' explained the Director General Cotton Council and cashew . <br></p> <p>The average FOB price passes 554 in 2015 to 775 FCFA / kg of raw cashew nuts in 2016. From a minimum farm gate prices of 350 FCFA / kg of raw cashew well dried and well sorted, producer prices have advanced up to 650 FCFA in some locations, with almost double the national average of about 550 FCFA. <br></p> <p>'' The situation of the international market almonds and cashews for optimism for the rest of the campaign, '' reassured Malamine Sanogo. Indeed, the price levels for the origin Ivory Coast are in the range of 1500-1600 USD per ton to a reference level of 1,150 USD in early season ton. The level of the dollar against the euro and thus the CFA franc remained consistently above 575 FCFA to a baseline of 570 at the beginning of the campaign.<br></p><p></p>