June 18

Press Release: Cashew Coast Raises €9 Million From AgDevCo to Expand Its Traceable Organic Cashew Processing Business in Cote D’Ivoire

Specialist agriculture investor AgDevCo is pleased to announce its latest investment in Cote d’Ivoire, into Cashew Coast, a fast-growing cashew nut processing business, which employs 750 people and sources from more than 7,000 smallholder farmers.

Cote d’Ivoire is the largest producer of cashew in the world. Most cashew nuts are still exported in raw form for processing in Vietnam and India, before being shipped to end markets in Europe and the USA, a lengthy and expensive round-trip.

Photo courtesy of Victoria Rachitzky.

Source: GlobeNewswire (link opens in a new window)

infrastructure, international trade, partnerships, smallholder farmers, supply chains