Coffee-Cocoa Council (CCC), regulator of Ivory Coast’s coffee industry, has introduced a new scheme to reduce coffee stock accumulated during the current season (2017-18) due to challenges in the marketing system.
This mechanism initiated by the government will be executed by SIFCA-COOP, a subsidiary of CCC which purchases coffee and, the regulator said in a statement.
The move, according to the statement, is to “help exhaust the available coffee stocks over a short period of time.”
Since February this year, the coffee marketing system in the West African country has been marred by cargo congestion in local ports and the unusual volume of coffee in operators’ stores.
The situation prompted a strike action from the National Agricultural Union for Progress (SYNAP-CI), which boots of about 57,000 coffee producers.