From Origin

Ivorian coffee price kept at CFA750/kg

Yamoussoukro (Cote d’Ivoire) The price of a kilogram of coffee in Cote d’Ivoire, Africa’s third largest producer has been maintained at CFA750 for the 2017-2018 marketing season, government spokesman, Bruno Nabagne Kone said in Yamoussoukro on Wednesday.

He was speaking at the end of a Council of Ministers meeting chaired by President Alassane Ouattara.

The price of a kilogram of well-dried beans, shelled and without foreign matter is also maintained at CFA750.

Kone said this price guaranteed to farmers is applicable for the 2017-2018 marketing season, which started on December 13.

According to him, the government and the country’s coffee and cocoa board have made huge sacrifices to maintain the purchasing price of a kilogram of the produce at CFA750.

This decision by the government draws a subsidy of CFA12 billion, he explained.

For the 2015-2016 crop year, the government had set the price of a kilogram of coffee at CFA670, against CFA650 for the 2014-2015 season, which ended with a 126,000-tonne output.

With an annual average of 108,000 tonnes a few years ago, Cote d’Ivoire, Africa’s third largest producer behind Ethiopia and Uganda, eyes 200,000 tonnes of coffee by 2022.

LS/fss/as/APA

 

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