Ivory Coast Situation

This entry was posted on Wednesday, March 23rd, 2011 and is filed under Cashew.
Ivory Coast rebels may  lift their ban on Cocoa export by this month end but may not permit raw cashew exports soon. If the situation worsens further, ships may not enter Ivory Coast waters or pass through their ports unless they find adequate safety and security measures. Most interesting fact is that the ruling party still controls ports and sea route but cashew growing northern areas are under rebel control. If both the ruling and rebel groups agree to give full protection to all vessels and cargo containers in their sea and land route, then only international buyers will start their bulk purchases. Otherwise, Ivory Coast raw cashew will deteriorate in quality due to insufficient storage facility. Their raw cashew quality suffered in last few years due to lack of proper warehouses even though they were regular sellers. So, how can they now store around four lac tons in good condition! 

Filed Under: Cashew