Equatorial Guinea's Ministry of Agriculture making available 330 tons of cocoa at discounted price to encourage local farmers to increase cocoa production
MALABO, Equatorial Guinea
February 8, 2012
– As part of Equatorial Guinea's Ministry of Agriculture and Forestry efforts to support local farmers and increase national production, Minister Teodoro Nguema Obiang Mangue has launched a cocoa sale in support of farmers throughout the country.
The National Institute of Agricultural Promotion of Equatorial Guinea (INPAGE), under the supervision of the Ministry of Agriculture and Forestry, has made available 330 tons of cocoa at a discounted price, as an effort to encourage local farmers to increase the cocoa production.
"The cocoa subsidy is an effort to encourage cocoa buyers around the world to purchase Equatorial Guinea cocoa," said Minister Nguema. "The Ministry of Agriculture and Forestry has already implemented several projects, among them the MAECI, whose objective is for the government to produce a wide variety of agricultural products to supply domestic and international markets, and rely more on national products."
Minister Nguema wants to offer buyers a good quality product at a price they can afford, as well as provide farmers economic benefits in an effort to encourage farmers to increase the productivity of cocoa.
About Equatorial Guinea
The Republic of Equatorial Guinea (La Republica de Guinea Equatorial) is the only Spanish-speaking country in Africa, and one of the smallest nations on the continent. In the late 1990s, American companies helped discover the country's oil and natural gas resources, which only within the last five years began contributing to the global energy supply. Equatorial Guinea is now working to serve as a pillar of stability and security in its region of West Central Africa. The country hosted the 2011 Summit of the African Union.