Cassava starch rakes in almost $1 million in exports for Ghana - GEPA
- In the year 2018 Ghana earned almost $1 million from the export of cassava starch
- This was announced by the Ghana Export Promotion Authority (GEPA)
- GEPA added that US$935,000 and US$27,000 from exports came from United States of America (USA) and Italy respectively
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The Ghana Export Promotion Authority (GEPA) has revealed that Ghana earned almost $1 million from the export of cassava starch two years ago.
YEN.com.gh understands that the export of the starch brought in US$935,000 and US$27,000 from exports to the United States of America (USA) and Italy respectively.
Information available shows that the two countries accounted for about 96.4% of total cassava starch exports from Ghana.
READ ALSO: Ghana to produce its own rice latest by 2023
Per a report by classfmonline.com, other countries that imported the starch were Belgium (US$24,000), Germany (US$6,000) UAE (US$3,000) and Finland (US$2,000).
However, the export of the product to South Africa experienced a decline of 7%.
In 2018, Ghana emerged as the sixth-largest supplier to the USA, whose total importation of the product amounted to US$82.2 million.
Between 2015 and 2017, worldwide demand for cassava starch has hovered between US$1.58 billion and US$1.43 billion.
It is however on record that China was the largest importer of the product with an estimated import value of US$938 million.
In other news, the Ministry of Food and Agriculture (MoFA) has initiated plans to halt the export of soya beans.
The move is in line with attempts to ensure that there are enough soya beans to feed for poultry birds in Ghana.
YEN.com.gh understands that MoFA is currently seeking legal backing to halt the export of the crop.
READ ALSO: ADB supports poultry industry with GHC500 million
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Source: YEN.com.gh
