Togo looks to become a more competitive player in the soybean market

Published 2023년 6월 21일

Tridge summary

Togo has set a target to boost its soybean production to 500 thousand tons annually by 2028, as part of a new five-year strategic plan. The country aims to enhance its position as a major organic soybean exporter to Europe by focusing on local processing and increasing exports. The plan aims to increase the income of farmers and stakeholders, and make Togo more competitive in the international organic soybean market. The soybean industry in Togo employs a significant number of people, including farmers, traders, exporters, and firms involved in the value chain.

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Original content

Togo (State in West Africa) aims to increase soybean production to 500 thousand tons per year by 2028. This goal is set out in the five-year strategic plan recently approved in Lomé. By increasing production, the country hopes to strengthen its position as a leading exporter of organic soybeans to Europe. In the new plan, special attention is paid to such key areas as the development of local processing, increasing the export of organic soybeans. "By 2028, we should reach an annual production of 500,000 tons. This will allow us to secure the maximum stock for local processing and export the rest," said Comlan Kazakade, president of the soybean sector professional committee. Focusing on local processing and value creation should allow Togo to increase its competitive edge in organic soybean production. This, in turn, should increase the income of farmers and stakeholders, and make Togo ...

Source: Oilworld