28.1 C
Sierra Leone
Saturday, April 20, 2024

SLPMC to ship 50 metric tons of Cocoa to Switzerland

HomeAYV NewsSLPMC to ship 50 metric tons of Cocoa to Switzerland

SLPMC to ship 50 metric tons of Cocoa to Switzerland

Date:

Related stories

Africell presents NLe300 Cash Prize to Win Kopo Winner

Africell Sierra Leone continues to demonstrate its commitment to...

Minister Tim Kabba hosts Regional Conference on Autonomous Weapons

ECOWAS Foreign Ministers, Security Experts and Artificial Intelligence Specialists...

Amb. Navo to serve as Guest Speaker at POW School Thanksgiving

The renowned Chief Executive Officer (CEO) of Africa Young...

AYV Holds 2-Day ‘Strategic Planning Staff’ Seminar

Chief Executive Officer (CEO) of the Africa Young Voices...

“In the cocoa aspect, we met our target of 50 metric tons. As a matter of fact we exceeded what we are supposed to supply,” Mr. Kabba stated. The equivalent of 50 metric tons is two 40ft containers. The government-owned company SLPMC loaded the containers with grade 1 cocoa. Cocoa is used to produce chocolate and cosmetics. Grade I cocoa is normally used to produce chocolate.
Mr. Kabba refers to 2016 as a buying year. The agency wants to buy over 3,000 bags of rice for processing and domestic consumption and the rice will be bought in 3 districts  Bombali, Kambia and Port Loko. SLPMC is targeting 1,000 metric tons of cocoa for export. But Mr. Kabba wants to work with the farmers to reach that target as there are many buyers and some of them are paying above the indicative price.
“We want to have a share of the market,” he said.
The indicative price of cocoa increased from Le.9,000 to Le.13,000 per kilo as demand for the produce increased during the crop season.  The price of cocoa will increase with growing interest for the product in China and the United States.
TAS, a private company ships well over 1,000 metric tons of cocoa in a year.

Latest stories

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once