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The Ivorian State will contribute €48 million to maintaining the guaranteed coffee price

09/01/2020
Source : Commodafrica
Categories: Raw materials

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Despite the drastic drop in Robusta coffee prices (read our article published on Monday: Cocoa , coffee , cotton ,
palm oil, rice, sugar: the health of the markets in 2019), Côte d'Ivoire is maintaining the guaranteed price at
planter at FCFA 700 per kilo.
“For the 2019-2020
coffee campaign , when we want to pass on the reality of the market to the grower, it is 473
FCFA per kilogram that we have to pay them. Once again, the President of the Republic considered that this
price was not acceptable", underlined the general manager of the
Coffee - Cocoa Council , Yves Brahima Koné.
This maintenance is possible thanks to a subsidy of FCFA 32 billion (€ 48.8 million) granted by the
Ivorian government. During the previous season, when the world price of Robusta was already at
the drift, the guaranteed price had therefore been set at FCFA 700, which required financial support of FCFA 21
billion (€ 32 million) from the government.

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