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Yaoundé - 26 March 2019 -

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Agriculture

Cameroon: Cocoa farm gate price exceeds XAF1,000 per kg, as wet season approaches  

Cameroon: Cocoa farm gate price exceeds XAF1,000 per kg, as wet season approaches  
  • Comments   -   Friday, 15 March 2019 16:03

(Business in Cameroon) - Since the week of March 11 started, the cocoa farm gate price in Cameroon’s production areas peaked at XAF1,100 per kg. The same volume was previously traded at XAF1,030.

Figures were provided by the Sector Information System (FIS), a project that provides real-time information and communication on average prices in production basins, in order to boost producers' negotiating capacity with buyers.

The increase in beans price, the largest since the beginning of the current year 2019, can be explained by the need for buyers to obtain supplies quickly, at the beginning of the rainy season, before access to production areas becomes more difficult due to poor road conditions.

BRM

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