Public Management

Côte d’Ivoire introduces National Coffee and Cocoa Traceability System

Côte d’Ivoire introduces National Coffee and Cocoa Traceability System
Thursday, 14 September 2023 19:21

The Ivoirian government has just adopted a decree establishing a National Coffee-Cocoa Traceability System. This system aligns with the Marketing flow management improvement program initiated by the Coffee-Cocoa Council (CCC).

According to the authorities, the national coffee and cocoa traceability system includes a computerized system for recording commercial transactions and a system for labeling bags of coffee and cocoa. This move will enable the producer and origin of the products to be identified, thus tracking their journey from the production area to the end customer.

"Specifically, this system will determine the origin of coffee and cocoa products at each level of the marketing chain, enforce the guaranteed minimum purchase price at the field's edge for producers, secure financial transactions in the coffee and cocoa sector, and preserve product quality by promoting compliance with minimum sustainability standards," explains the statement.

Overall, this initiative reflects the executive's commitment to comply with the new European Union (EU) law on imports of products linked to deforestation, which is due to come into force by the end of 2024.

As a reminder, this European law requires importers of products such as coffee, cocoa, beef, soy, rubber, and palm oil to provide a certified verification statement proving that their goods do not contribute to deforestation.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct deposits, improving efficiency and product...
EU, EBRD launch €26.5 million financing facility in Côte d’Ivoire Program targets SMEs with loans, co-financing and technical support Initiative...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, interoperable real-time payments All financial...
Okoumé Capital licensed as fund manager by regional regulator Approval enables expansion across Central African financial markets Firm aims to boost...
Most Read
01

A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...

Mitsubishi, Toyota Buy Options on Africa's Next Startups
02

ECOWAS and IMF sign cooperation framework to strengthen policy alignment West Africa’s grow...

ECOWAS and IMF Set New Framework to Align Policies Across West Africa
03

West African Development Bank plans CFA6,500 billion ($11.5 billion) in financing for 2026–2030. ...

BOAD Targets $11.5 Billion Investment in WAEMU by 2030 Under New ‘Djoliba’ Plan
04

Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...

Coca-Cola Plans $1 Billion Investment in South Africa After Nigeria Push
05

West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...

BOAD Commits $131.8 Million to Cotton Sector in Burkina Faso and Mali
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.