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Yaoundé - 18 June 2019 -
Agriculture

Cocoa farm gate price stabilized at above XAF1,000 per kg, resisting wet season  

Cocoa farm gate price stabilized at above XAF1,000 per kg, resisting wet season  
  • Comments   -   Tuesday, 09 April 2019 15:08

(Business in Cameroon) - Cocoa farm gate price in production basins has stabilized at above XAF1,000 per kg since March 2019 and early April. Prices have slightly improved now ranging between XAF1,050-1,100 against XAF1,030-1,070 the previous month, according to data compiled by the Sectors’ Information System (SIF).

This minor rise occurs at a time the short rainy season is in full swing; a period during which bean prices generally fall due to the bad condition of roads that makes access to production areas difficult. Such an unusual trend can be explained by the scarcity of beans, as exporters and their traders no longer have access to much of the production from the Southwest region, Cameroon's main basin, due to the Anglophone crisis.

BRM

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