Historic record of West African shea exports in 2019-2020

Published 2020년 11월 26일

Tridge summary

West Africa exported over 500,000 tonnes of shea from August 2019 to July 2020, surpassing the previous record set in 2017-2018. Europe is the primary consumer, accounting for 80% of the exports, which is expected to rise due to the use of shea as a replacement for cocoa butter or palm oil in chocolate and as a flavor enhancer in other food products. The top exporters are Ghana, Burkina Faso, and Benin. However, the COVID-19 pandemic has slowed down international shea trade, with Europe's demand decreasing and stocks being replenished. The price of shea is currently stabilized due to its alignment with cocoa butter prices, and the remaining shea is being sold locally in Africa to protect against the Harmattan winds.

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

Original content

West Africa exported no less than 500,000 tonnes of shea between August 2019 and July 2020, the start and end dates of the campaign. This is what the statistics collected by investigators from the N'kalo network have just revealed. The 2017-2018 record is broken. In five years, shipments of this African vegetable fat have almost doubled, with Europe as the main destination. It absorbs 80% of West African exports. Growing food use in Europe Shea has become a substitute for cocoa butter or palm oil in chocolate confectionery, and a flavor enhancer in a whole host of agrifood products. This is not the case in the United States, which already has soybean oil-based fats, and where the use of shea is strictly reduced to cosmetics. The other two big buyers of West African shea are Malaysia and India. Ghana, Burkina Faso and Benin on the export podium Ghana has become the leading African exporter of shea. And by far. With half of the tonnages, the English-speaking West African country has ...

Source: Rfi