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Africa News of Wednesday, 24 March 2021

Source: africanews.com

Ivory Coast ranks seventh globally in rubber production

Ivory Coast has been ranked the fourth largest rubber producer in the world, according to the country’s Association of Natural Rubber Professionals (Apromac).

Their production is still far from the leader, Malaysia, which produces nearly ninety per cent of the world’s rubber trees.

Ivory Coast produced nearly one million tonnes of natural rubber in 2020 which represents 80% of the continent's latex.

Ivory Coast rubber production has continued to rise since 2005 when they produced a paltry 170,000 tonnes of the product.

The West African country was previously ranked 7th globally and is now aiming at increasing production to top the world in rubber production.

Demand for Ivory Coast rubber has particularly grown strong in Asia, a shift from its traditional destinations like Europe.

In recent years, new plantations have proliferated as farmers switch from cocoa to rubber in search of more stable incomes.

Ivory Coast, Africa’s largest rubber producer is still hoping to double production to two million tonnes despite a hit by world prices on raw materials.