Yaoundé - 28 October 2021 -

Cameroon: Corn prices rise in the north due to increased exports to Nigeria

Cameroon: Corn prices rise in the north due to increased exports to Nigeria
  • Comments   -   Monday, 05 July 2021 15:50

(Business in Cameroon) - Over the past two weeks, in Garoua, the regional capital of the North, corn sellers have been giving 100kg-sacks at prices ranging from XAF20,000 to 23,000. About three weeks ago, this same sack was sold to consumers at XAF16.500. According to sellers who are happy with this price hike, the situation is due to massive exports to Nigeria.

Many foreigners have started coming to buy from sellers. The buyers are mainly Nigerians who come for large quantities of our products. But for them, the price of corn would not have exceeded XAF18,000 or 19,000 per sack. Anyway, we as sellers are happy that Nigerians are coming for our products. Recently, we are having many clients and business is good,” explains Abdoulaye Ahmadou, a trader at Garoua central market, to regional tri-weekly L’œil du Sahel.

Local authorities explained that the corn exports to Nigeria, which sellers are happy about, can cause hunger in the Northern region where cereals are staples. This pressure put on the local corn market by Nigerians is heightened by the harsh climate, which is negatively affecting production, and the impacts of elephants destroying cornfields. This phenomenon of elephants destroying crops has become a usual occurrence in the country’s northern regions where there are several animal parks.


At the end of a Board meeting on October 25, 2021, in Libreville, Cameroonian financier Louis Banga-Ntolo was confirmed CEO of the Central African Stock...
On October 21, 2021, Minister of Water and Energy Gaston Eloundou Essomba granted an audience to his Central African peer Arthur Bertrand Piri. During the...
In its recent report on the state of electronic payments in the CEMAC region in 2020, the Bank of Central African States (BEAC) points out that mobile...
“LA Régionale”, the Cameroonian microfinance institution that entered the regional exchange market BVMAC last February, announces good performance for...

Mags frontpage

Business in Cameroon n104: October 2021

Dossier Where does Cameroon stand in international trade?

Henri-Claude Oyima : “BGFIBank Cameroon is truly one of our success stories.”

Investir au Cameroun n114: Octobre 2021

Dossier La place du Cameroun dans le commerce international

Henri-Claude Oyima : «BGFIBank Cameroun est vraiment l’une de nos success-stories.»