"The need is there and it is real, but unfortunately we are selling the product in its raw state, and what is happening now, like in 2002 and 2009, is a lesson for us. Those who have money should invest it in the factories so that we start processing. When you sell only the walnut, you have a quarter of what you could earn by selling the almond that offers four-fold increase in employability and earnings," explained Mr. Kpeziwezou.
For him, the solution to depend less on the price fluctuations imposed by India and Vietnam lies in the transformation. He gives the example of Ivory Coast as the second largest producer in the world and the first in Africa, which plans to transform half of its cashew nuts in 2020 and reach 100% in 2030 as Brazil.
Returning to the farm gate price that has plummeted in Ivory Coast and accumulated stocks by Asian buyers, Mr. Kpeziwezou relativized.
"Due to the climate West Africa region has not had good quality this year, and the northern tropics warmed this year such a way that cashew did not work well. Tanzania who has a better quality puts its stock of last year and this year on the market. That is what made the buyers played a little on the price. So it is commercial," he demonstrates to agridigitale.
Coming back Togo, he noted that a serious problem of quality arises in the sector.
"Producers are picking cashew nuts instead of waiting for them to fall by themselves before picking them. That is one of the reasons why the quality of the Togo is not what is wanted on the international market. So, there is a work to be done at the producer level," he suggested.