(Business in Cameroon) - Since the start of 2015, the price of Robusta coffee, the variety that makes up 80% of the total production in Cameroon, has remained at a stable 1,000 FCFA per kilogramme, despite some minor fluctuations.
The SIF project which was launched in September 2009 is financed by the Cocoa and Cofee Development Fund (FODECC in French) and the National Cocoa and Coffee Board (ONCC in French). Its primary goal is to support farmers in their dealings with buyers by informing the former, in real time, of the latest (FOB and CAF) prices daily.
To do this, in addition to daily text messages sent to cocoa and coffee sector operators to broadcast the reference prices, the SIF project also uses a network of 14 local radios, 30 notice stations in farming areas and the national media.