The Association of Natural Rubber Professionals of Côte d'Ivoire (APROMAC) has set the purchase price of rubber at 578 FCFA per kilogram for November 2026. This represents a continuation of the upward trend seen over several months, with the price standing at 526 FCFA/kg in October. APROMAC is an interprofessional agricultural organization that regulates, develops, and professionalizes the natural rubber sector in Côte d'Ivoire.
APROMAC was established in 1975 and brings together producers, buyers, and transformers to set official prices for natural rubber and promote sustainable practices. The organization plays a crucial role in the country's economy, as Côte d'Ivoire is a significant producer of natural rubber. The recent price increase is expected to benefit local farmers and producers.
This year's governance reforms have led to the removal of the discount, an increase in the share allocated to farmers, and a cap on the incentive bonus at 10 FCFA/kg to limit competition among processors. These changes aim to improve the livelihoods of farmers and ensure a more stable and equitable market.
The natural rubber sector is vital to Côte d'Ivoire's economy, providing employment and income for thousands of people. The sector has faced challenges in recent years, including fluctuations in global prices and competition from other producing countries. APROMAC's efforts to regulate the market and promote sustainable practices are seen as essential to the sector's long-term viability.
Donatien Kautcha, a representative of APROMAC, highlighted the importance of the organization in regulating the natural rubber market. He emphasized that the recent price increase is a positive development for farmers and producers, who have been facing challenges in recent years.
The price increase is also expected to have a positive impact on the broader economy, as the natural rubber sector is a significant contributor to Côte d'Ivoire's GDP. The government has been working to diversify the economy and reduce dependence on a few key sectors, and the natural rubber sector is seen as a key area of focus.
APROMAC's efforts to promote sustainable practices and improve the livelihoods of farmers have been recognized by stakeholders. The organization is seen as a model for other agricultural sectors in Côte d'Ivoire and beyond. As the global demand for natural rubber continues to grow, APROMAC's role in regulating the market and promoting sustainable practices will remain crucial.
Key points
- The Association of Natural Rubber Professionals of Côte d'Ivoire (APROMAC) sets the purchase price of rubber at 578 FCFA/Kg for November 2026.
- APROMAC was established in 1975 to regulate, develop, and professionalize the natural rubber sector in Côte d'Ivoire.
- The recent price increase is expected to benefit local farmers and producers, and have a positive impact on the broader economy.
