Yaoundé - 02 October 2023 -

Cameroon: Cocoa farm gate prices up again, in just a week

Cameroon: Cocoa farm gate prices up again, in just a week
  • Comments   -   Friday, 15 September 2023 12:22

(Business in Cameroon) - Cocoa farm gate prices in Cameroon’s production areas rose again to CFA1,550 per kg for the lower limit and CFA1,650 for the upper cap. This price update, the second in just one week, was made public on Wednesday by the sector information system (SIF)- a price alert system run by the National Cocoa and Coffee Board.

This price trend is surprising as it occurs during the rainy season, a period when prices usually fall due to the poor state of access roads. It augurs well for the whole campaign, which officially launched on September 7, 2023. Another good point for this campaign is the arrival of a new operator, namely Africa Processing, in the processing segment. This arrival has accelerated competition in cocoa bean purchasing, alongside existing players, some of whom are expected to increase their footprint during this new campaign.

France spent a total of €966 million (about CFA 633.6 billion) on purchasing goods from Cemac countries during the first six months of 2023,...
Cameroon National Shippers' Council (CNCC) inaugurated last September 27 a community center in Kouseri, Far North, for the purpose of resting and...
The Bank of Central African States -BEAC- noted a good momentum on the primary public securities market throughout the year, despite a constant increase...
The Cameroonian Trade Department announced the introduction of a special facility to support the population in this tough economic context. Minister Luc...

Mags frontpage

Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer

Albert Zeufack: “Today, the most important market is in Asia”

Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir

Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »