Cocoa farm prices rise at the end of the season

Agriculture

Cocoa farm prices rise at the end of the season

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- Thursday, 25 June 2015 02:46

(Business in Cameroon) - A month from the close of the 2014-2015 cocoa season in Cameroon in July, the farm price per kilo of cocoa in farming areas reached 1,530 FCFA in June, compared to an average of 1,200 FCFA only a month ago. This was revealed by the Système d’information des filières or Sector Information System (SIF).

The new rise in cocoa prices in Cameroon is reportedly due to low supply. The end of the season is approaching and most farmers have already sold off their stock. The little that remains is selling for the price of gold.

The same phenomenon was observed at the start of 2015, mainly because of the dry season, which facilitates procurement and leads to fiercer competition among buyers.

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