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  • Benin - The cashew marketing campaign begins - Les Pharaons 03/28/2023

    Mar 28th, 2023

    Benin sets a minimum price for the cashew nut commercial season Benin has set the minimum cashew nut price for the 2023 marketing season at 350 Francs/kg ($0.57/kg), an increase of 17% compared to the previous year. The commercial season will begin on April 1 and will continue until the end of the year. This decision aims to protect local farmers and guarantee them a decent income for their work. The Vice President of the United States announces $100 million to fight terrorism Benin and in the ECOWAS region Cashew nut production in Benin is estimated to reach 190,000 tonnes in 2023, a 16% increase from the previous year. This production is an important source of income for many farmers in the country, who depend heavily on cashew exports for their livelihood. Hearing requests and missed appointments with President Talon – Nicéphore Soglo does an about-face The Beninese government has also taken steps to encourage local processing of cashew nuts to create more added value and stimulate the local economy. In addition to setting a minimum price for raw cashew nuts, the government has also introduced tax incentives for companies that invest in local processing. The cashew sector is one of the pillars of the Beninese economy and represents a significant part of the country's exports. Setting a minimum price for cashew nuts aims to support local farmers, boost production and encourage local processing, while strengthening Benin's competitiveness in the international market.