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Yaoundé - 31 May 2020 -
Agriculture

Cocoa farm gate prices drop in Cameroon, during wet season

Cocoa farm gate prices drop in Cameroon, during wet season
  • Comments   -   Thursday, 06 June 2019 11:21

(Business in Cameroon) - The maximum average price per kilogram of cocoa in Cameroon's production basins has dropped to XAF1,040 since 4 June, compared to XAF1,060 a week earlier. The lowest price fell to XAF1,010, compared to XAF1,030.

Two months ago, the maximum price was XAF1,200 close to the XAF1,500 reached three years ago. The decline in the beans prices is, according to sector players, the consequence of the rainy season. They say the wet season makes it difficult to access production areas, increasing transport costs and consequently reducing the prices offered to producers.

BRM

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