Cote d’Ivoire Calls for Investments in Its Growing Cashew Industry

Kouassi Adjoumani, Minister of Agriculture, Rural Development, and Food Production, has called on local and international investors to tap into the growing cashew industry in Cote d’Ivoire. He conveyed this while speaking at the opening of an investment forum in Abidjan on Monday. The forum is scheduled to run until Wednesday.

According to Adjoumani, cashew nut production has surged from 500,000 tonnes in 2013 to 1.2 million in 2023 due to various government initiatives. Despite this growth, only 21 per cent of the cashew nuts were processed locally in 2023. Adjoumani stated that this falls short of the government’s target of 50 per cent local processing by 2030. He called for increased investment to enhance cashew production and processing capacities to meet this goal.

Cote d’Ivoire remains the world’s top cashew producer. In 2022, global cashew nut production reached a record high of 3,852,868 tonnes; the country alone contributed 25.2 per cent. The forum saw the Cotton-Cashew Council announce the signing of three memorandums of understanding worth 16 billion CFA francs ($27 million) with investors to boost the industry.

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