logoBC
Yaoundé - 26 February 2021 -
Agriculture

CEMAC: Rubber, cotton, and palm oil boosted the price index of the zone’s agricultural export products in Q4-2020 (BEAC)

CEMAC: Rubber, cotton, and palm oil boosted the price index of the zone’s agricultural export products in Q4-2020 (BEAC)
  • Comments   -   Wednesday, 03 February 2021 18:28

(Business in Cameroon) - Between October and December 2020, the price index of agricultural products exported by CEMAC countries increased, according to the Bank of Central African States (BEAC).  

This price index was mainly boosted by the three main export products, we learn. The said products are rubber (+35.2% growth during the period), palm oil (+20.57%), and cotton (+11.63%).

"Cotton prices rose due in particular to the decline of the US dollar,  the revival of Chinese demand, and poor crop prospects," the Beac indicates in its report on the price index of commodities exported by CEMAC in Q4-2020.  

For palm oil, the central bank explains that its prices were boosted by "production disruption fears that are perceptible with targeted confinements in Malaysia (...), and also heavy rainfall expected in the world's two largest producers: Indonesia and Malaysia."

With the gradual recovery of the world economy announced in 2021, despite the fears of a 2nd wave of the coronavirus pandemic,  the prices of agricultural products exported by CEMAC countries will surely stabilize in the coming months. They can even rise due to increased demand.  

BRM

cameroon-towards-the-development-of-a-customs-ministry-of-transport-collaborative-platform-to-identify-uncleared-cars-already-in-use
Cameroonian customs authorities announce that they will soon introduce a feature to their IT platform Cosmos  to help identify cars being used without...
cameroonian-fintech-diool-raises-xaf1-8-bln-to-develop-digital-payment-services
The Cameroonian start-up Diool, which specializes in mobile payment methods aggregation, recently raised $3.5 million (XAF1.8 billion) to develop...
belgium-seeks-facilities-for-the-importation-of-solar-power-plants-to-cameroon
On February 16, during an audience at the Cameroonian Ministry of Finance, Stéphane Dopagne, ambassador of the kingdom of Belgium, asked for facilities...
public-contracts-minmap-denounces-unlawful-requests-for-mutual-agreements-and-direct-labour-procedures-authorizations
On February 15, 2021, the Ministry of Public Contracts (MINMAP) published a circular letter reminding project owners and delegated project owners...

Mags frontpage


Business in Cameroon n96:January 2021

Cameroon moves to the industrial phase


Mathurin Kamdem, a determined patriot


Investir au Cameroun n106 Janvier 2021

Le Cameroun passe à la phase industrielle


Mathurin Kamdem, un patriote déterminé

  1. Most read 7 days
  2. shared 1 month
  3. read 1 month
next
prev