Togo intends to produce 500 thousand tons of soybeans in five years

Published 2023년 6월 22일

Tridge summary

Togo has developed a five-year strategic plan to boost soybean production to 500,000 tons annually by 2028, to meet local demand for processing and export purposes. The country, with around 30,000 producers, 200 traders and exporters, and 100 companies involved in soybean production, relies heavily on organic production. In 2019 and 2020, Togo exported 42,300 tons and 51,000 tons of soybeans respectively, with the Schengen zone being the primary buyer. There was a significant surge in the export of organic products from Togo to Europe in the same period.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A new strategic plan for the production of soybeans was adopted in Togo on June 19, according to the official portal of the Togolese Republic. The plan for soybean production is designed for five years. “By 2028, we should reach an annual production of 500,000 tons. This will ensure the maximum supply for local processing, and the rest will be sent for export,” said Komlan Kazakade, president of the industry’s interprofessional committee. Recall that about 30,000 producers, 200 traders and exporters and about a hundred companies are engaged in soybeans in Togo. Togo relies on the production of "organic" products. In 2019, the country exported 42,300 tons of soybeans, in 2020, 51,000 tons. The supply of all "organic" products from Togo to Europe increased from 44,684 tons to 54,017 tons in the same period. The main buyers of Togolese soybeans are the countries of the Schengen zone, where 37.1% of the products are supplied. ...

Source: Zol