Recently, cashew nut processors in Côte d'Ivoire have informed the government that they need to renew their supply and support agreements; otherwise, they will face the risk of bankruptcy.
Côte d'Ivoire is the world's largest producer of cocoa and one of the main producers of cashews, but only a small portion of cashews are processed locally. Asian businessmen receive substantial subsidies from their host countries, giving them a competitive advantage in procurement over local companies in Côte d'Ivoire.
The Côte d'Ivoire Cashew Processing Industry Group (GTCI) represents five cashew processing companies with an annual processing capacity of 41,000 tons and a total investment of 15 billion CFA francs. The group has repeatedly called for government support, with the most recent request made at the end of December 2023.