How many nuts are processed in Ivory Coast in 2020?
Though the share of nuts being processed locally has increased in the last few years, in 2020 it stood at only 12%, significantly lower than countries like Mozambique and Ghana. Ivory Coast is aiming for an installed processing capacity of 413,000 tons of nuts by 2022 against 330,000 tons a year early.
What is Royal nuts doing in Ivory Coast?
IVORY COAST ¨C Royal Nuts, a commodity trading & manufacturing company with headquarters in Singapore, has cut ribbon to US$23m cashew nut processing plant in Ivory Coast under its subsidiary Dorado Ivory.
How will Calao’s oil discovery impact Ivory Coast?
Recognized by National Oil Company Petroci as the country¡¯s second-largest find, Calao¡¯s resources could likely support the industrial sectors of Ivory Coast. The discovery is expected to generate substantial revenues, creating over 8,000 direct and indirect jobs and attracting increased investments to the sector.
How much cashew processing capacity will Ivory Coast have by 2022?
Ivory Coast is aiming for an installed processing capacity of 413,000 tons of nuts by 2022 against 330,000 tons a year early. This will be made possible as players such as Valency International Trading SARL (Valency CIV), recently received US$20m from Norfund and Finnfund to build an integrated local cashew processing hub in the country.