Togo’s agricultural exports revenues soared n 2019

Agriculture

mardi, 19 janvier 2021 14:58

Togo’s agricultural exports revenues soared n 2019

(Togo First) - In 2019, agricultural exports from Togo generated CFA110.7 billion, up 9.4% against 101.2 billion in 2018. The figure was reported by the Central Bank of West African States (BCEAO).

The apex bank, assessing Togo’s balance of payments in 2019, further indicated that 62% of the exports were traditional cash crops, knowingly Cotton (51.7%), Cocoa (5.37%), and Coffee (4.63%), while 36.9% were plant-based food products (cereals, flours, peppers, spices, vegetables, and fruits) and 1.28% were other products.

In detail, cocoa exports generated nearly CFA6 billion in 2019, thus 17% more than in 2018 (CFA5 billion). Coffee exports on the other side garnered 23% less over the period (falling from 6.6 billion to 5.1 billion).

Sales of cotton fiber grew by 16.8%, from 49 billion in 2018 to 57.3 billion in 2019.

Plant-based food for their part earned the country nearly 41 billion in 2019, a significant amount though it is down 4.4% compared to the year before. Other agricultural commodities (cotton seeds, wood, and oilseeds) generated CFA1.4 billion, up about 18% over the period reviewed.

Ayi Renaud Dossavi

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