logoBC
Yaoundé - 29 March 2024 -
Agriculture

Cameroon: Cocoa farm gate price grew to XAF1,200 from XAF1,100

Cameroon: Cocoa farm gate price grew to XAF1,200 from XAF1,100
  • Comments   -   Friday, 03 May 2019 16:04

(Business in Cameroon) - Cocoa farm gate price in Cameroon’s production zones reached a maximum of XAF1,200 today May 3, 2018 while it was XAF1,100 a month earlier, according to data compiled by the sectors’ information system.

As regard the average minimum price offered to producers, it is XAF1,060 compared to XAF1050 a month earlier.

New prices are the best in at least two campaigns since they approach the peak of XAF1,500 per kilogram reached a few years ago. Improvement can be explained by the increase in demand for beans, following the recent commissioning of a new processing unit (32,000 tons).

Pressure on demand for beans is also due to the difficulties of collecting cargoes in the south-western region of Cameroon, the country's main cocoa production basin, where security tensions have been ongoing since 2017.

BRM

eu-pledges-over-cfa12bn-for-entrepreneurship-and-electricity-access-support-in-cameroon
The EU agreed to disburse over CFA12 billion to support growth-driven projects in Cameroon. The two related deals were signed in Yaoundé on March 26...
central-africa-set-for-highest-economic-growth-in-a-decade-amid-inflation-concerns
Growth within the Cemac region is expected to peak at 3.6% this year, according to the estimates of Beac’s Monetary Policy Committee (MPC), which met on...
mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »