The Regional Stock Exchange, BRVM and the Regulatory Authority for the Warehousing Receipt System proceeded, this Wednesday, February 26 in Abidjan, to the signing of a memorandum on the establishment of a cooperation framework on behalf of the Raw Materials Exchange, announced for 2020.
More than 200 warehouses with a capacity of 50,000 tons, to be brought up to conservation standards, are necessary for the start of this project, with three main crops, namely cashew, cola and corn.
"The warehouse receipt system aims to guarantee decent resources and protect the income of producers, finance the value chain for the continuous supply of processing units for the development of agro-industry and ensure food security" supports Justin Koffi, Director General of the Warehousing Receipt System Regulatory Authority.
For Edoh Kossi Amenouvé, Managing Director of the BRVM, "the ambition to provide Côte d'Ivoire with sustainable, competitive agriculture that creates equitably shared wealth cannot be achieved without a solid, reliable and which inspires confidence in investors. Without a receipt, there is no stock market for agricultural commodities”.
"This stock exchange will achieve its objectives when an Ivorian producer is in a position to choose his production trend according to the price, spot or futures, displayed by the stock exchange, properly store his production and market it under conditions that ensure him a better profitability,” he insisted.
Each year, Côte d'Ivoire records 40% post-harvest losses. This phenomenon linked to the absence of an adequate storage system costs the African economy 48 billion dollars, much higher than the food aid provided by foreign partners. This dysfunction leads to income instability and constitutes a brake on economic growth.
On the market, the fluctuation of prices leads to variations in the income of the actors in the production chain, in particular the instability of the income of producers, under-investment in agriculture and the reduction of the margins of the processing and processing industries. distribution.