Cameroon: Cocoa price slightly down by XAF20 this week

Agriculture

Cameroon: Cocoa price slightly down by XAF20 this week

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- Wednesday, 22 May 2019 14:44

(Business in Cameroon) - After a price stagnation above XAF1,000 per kilogram for two months, then a rise to XAF1,200 during the second week of May 2019, the price of a kilogram of cocoa beans in Cameroon is back on the downward trend.

According to data compiled by the Sector Information System (SIF), price fell to a maximum of XAF1,080 on 21 May, with a minimum of XAF1,030; a decline by XAF20 compared to the range of XAF1,050 to XAF1,100 last week.

Producers now fear that this decline will be worse in the coming weeks due to persistent rains, which make it difficult to access the main production areas.

BRM

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