News

To not sell shea for less than FCFA 150-200 per kilo in Western Africa

Shea Butter
Published Jul 9, 2021

Tridge summary

The interest of the food industry in shea butter, especially as a substitute for palm oil, should continue to be sustained since the prices of edible oils in general are at historically high levels, at over $ 1000 per tonne. , estimates Pierre Ricau de n'kalô in his last newsletter published on Monday.

Original content

As a result of these high prices, stocks of shea from the previous season are relatively low at the level of West African wholesale traders while stocks in the industry remain higher than anticipated last month. "This could limit the upside potential at the start of the next campaign," writes the specialist. "In fact, at the start of July, contrary to our expectations, manufacturers do not seem to be positioning themselves particularly early to start their supply. " That said, shea prices for the upcoming 2021/22 season should remain above those of the previous season given the high price of all oils but also due to food inflation in Africa. the West, further specifies the specialist. Self-consumed shea butter consumption by rural households is expected to increase as well as sales in West African retail markets because palm oil is ...
Source: Commodafrica
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