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Yaoundé - 17 January 2019 -
Agriculture

Cameroon: Cocoa minimum farm gate price reached CFA950 thanks to sector reorganization

Cameroon: Cocoa minimum farm gate price reached CFA950 thanks to sector reorganization
  • Comments   -   Thursday, 08 November 2018 16:37

(Business in Cameroon) - The Ministry of Commerce is pleased to announce results of the Cocoa and Coffee Internal Marketing Reorganization Project (PA3C) which helped reach a minimum cocoa farm gate price of CFA950 per kg since October 2018 through technical, logistical and repressive measures.

In addition, counselling on the organization of cooperatives and especially the operation of storage stores allow farmers, through the group sales system, to sell more and more at the best price.

Hermann Messi, the PA3C Coordinator, also expressed his satisfaction that the legislation gives prefects and sub-prefects the right to seize and sell, for the benefit of the Treasury, any cocoa sold outside the official circuit.

With the minimum farm gate price, Cameroonian producers are among the best paid in the cocoa sector in Africa. The official prices set in Ghana and Côte d'Ivoire are CFA850 and CFA750 per kilogram of beans respectively.

S.A

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