[Côte d'Ivoire] IFC develops guide to increase market access for processed cashew nuts
IFC, a member of the World Bank Group, in partnership with the Government of Côte d'Ivoire and Canada, and the Cotton and Cashew Council announced the publication of a guide to improve market access for SMEs in the cashew processing sector in Côte d'Ivoire.
The Guide to Good Traceability Practices for Cashew provides technical and management tools to SMEs in the cashew value chain, which will enable them to implement a documentation and traceability system that complies with regulations and standards in force on international markets.
Côte d'Ivoire is the world's largest producer of cashew nuts, with production of more than 760,000 tons in 2018. Nearly 90 percent of cashews are exported without any added value to countries such as India and Africa. Vietnam.
Increasing local processing may attract more private investment and create jobs, particularly in the north of the country, where most cashew farmers are based. IFC supports the Cotton and Cashew Council to train cashew processors on product traceability.
Adamou Labara, IFC Resident Representative for Côte d'Ivoire, said, "IFC has leveraged its global expertise to support the development of this important handbook, which will enhance the competitiveness of this important value chain for the economy from Ivory Coast". He added: "This new traceability framework allows local processors to export quality products to international markets."
Dr. Adam Coulibaly, Director General of the Cotton and Cashew Council, said: "The local processing of cashews is essential for the development of the sector. The new framework and guide will help us to achieve the objectives of the government to process at least 50% of cashew nut production. “
IFC's initiative is synergistic with the World Bank's Enclave project, which aims to improve the competitiveness of the cashew value chain in Côte d'Ivoire. The project focuses on infrastructure development, building storage capacity through rehabilitating warehouses and stores, and improving access to new markets.