logoBC
Yaoundé - 09 December 2023 -
Agriculture

Cameroon led cotton production in the Cemac in 2021 (over 73%)

Cameroon led cotton production in the Cemac in 2021 (over 73%)
  • Comments   -   Friday, 04 November 2022 14:25

(Business in Cameroon) - Cameroon was ranked the best performer for cotton production in the Cemac region last year with 350,000 tons of seed cotton. According to the Composite Commodity Price Index (ICCPB) recently published by the central bank Beac, the country accounted for 73.4% of the total volume produced in the region.

The other cotton producers in the region are Chad, which accounted for 26.4% with 123,100 tons, and CAR, which only provided about 0.3% of the total volume (1,300 tons). “The largest share of the fiber generated from cotton in Cameroon is bought by Asian countries, mainly China (38%), Bangladesh, Vietnam, and Indonesia," INS said. The first country has been Cameroon's key trade partner for several years. In 2019, for example, it absorbed 18.4% (22% in 2018) of Cameroonian exports, ahead of Italy (12.2%) and India (11%). That year, the exports shipped to China consisted mainly of crude petroleum oils (56.7%), liquefied natural gas (23.6%), raw wood (9.1%), sawn wood (5.2%), and raw cotton (3.4%).

BRM

president-paul-piya-wants-camtel-to-remain-a-public-entity
Cameroon’s President Paul Biya opposes the privatization of the country’s incumbent telecoms operator, Camtel. The decision was the subject of a letter...
cameroon-plans-to-build-550-new-housing-units-in-douala-and-yaounde-in-2024
Cameroon’s PM Joseph Dion Ngute announced the government’s plan to build 550 new housing units in the cities of Douala and Yaoundé next year. He was...
bvmac-introduces-its-first-market-index-the-bvmac-asi
On December 1, 2023, a committee in Douala, Cameroon, selected the name for the inaugural stock index of the Central African Securities Exchange (Bvmac),...
cameroon-s-trade-dynamics-in-eccas-opportunities-and-challenges
From 2019 to 2022, nations in the Economic Community of Central African States only captured 6.3% of Cameroon's exports, well below the 10% and nearly...

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 »