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Economic growth in Côte d'Ivoire: here is an overview of the major sectors of the agricultural sector in 2022

17/04/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The Ivorian government, based on the perspectives of the African Development Bank (AfDB), indicated that in 2022/23, Côte d'Ivoire's growth will reach 6.7%, mainly driven by agriculture. To this end, he drew up an overview of several major sectors in 2022

.

The cashew sector is growing strongly with production that has doubled, from 400,000 tons (t) in 2011 to 1 million tons (Mt) in 2022. Indeed, the sector's turnover exceeds 600 billion FCFA per year with an annual income of more than 300 billion FCFA to 400,000 Ivorian producers, the national authorities wish to specify. For its part, for the 2022/23 cotton season, there has been an increase of 10 CFA francs per kilo of first-choice seed cotton to 310 FCFA, with a production that would be 570,425 t in the 2022/23 campaign. A subsidy of 28.4 billion CFA francs was granted to producers to contain the impact of rising input prices

.

As for the rubber industry, production estimated at 950,000 t in 2020 is recorded. In 2021, the sector brought in around 850 billion CFA francs to the country. From 1 January to 31 December 2022, cocoa production stood at 2.4 Mt compared with 2.2 Mt in 2021, an increase of 5.85%. For its part, coffee production jumped by 52.6% in volume over the calendar year 2022, to 95,000 t compared to 62,000 t

in 2021.
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