Smuggling pushes Ivory Coast cashew output down 17% in 2019
Women work at a cashew nut warehouse in Abidjan, Ivory Coast, July 12, 2018. REUTERS/ Luc Gnago/File Photo
ABIDJAN (Reuters) – Production of cashew in Ivory Coast, one of the world’s top producers, fell 17% to 634,641 tonnes in 2019 after as much as 200,000 tonnes was smuggled out of the country, the head of the state cotton and cashew council said on Friday.
Last year, the government lowered the guaranteed minimum price paid to farmers for their cashews to 375 CFA francs ($0.63) per kg from 500, while the farmgate…