The Beninese government revises (again…) the price of cashew nuts downwards.

At the end of the last Council of Ministers, held on Wednesday 19 February, the Beninese government has decided to set the purchase price of a kilogram of cashew nuts at 325 CFA francs ($0.53) during the 2019-2020 season, which opens on 19 March. This is a hard blow for farmers in the sector, who are thus suffering – in the wake of the trend in world prices – the second consecutive year-on-year drop in the price after the price dropped from 650 CFA francs/kg to 400 CFA francs/kg between the 2017/2018 and 2018/2019 seasons.