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Agriculture

Burkina Faso: Shea nut producers to receive minimum price of FCfa140/kg for current crop year

Thursday, 02 July 2015 22:46

(Ecofin Agency) - Burkina Faso's shea nut producers and sellers now know the price they will receive for their products. According to Sidwaya, the Association of exporters of sesame and other oilseed products of Burkina Faso (GESB) announced that producers would sell their nuts at a minimum of FCfa140/kg while sellers would be given the opportunity to retail at FCfa150/kg.

This announcement comes in the run-up to the launch of the national shea marketing year. Though the export price remains unknown, it is worth noting that Burkina Faso has recently established a long term goal for this sector through the creation of a sustainable strategic development plan for shea nut.

The 4th export crop of the country, shea nut generates FCfa 20 billion in revenue and 400,000 jobs for women in Burkina Faso.  

 
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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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