logoBC
Yaoundé - 25 January 2021 -

BannerICBC2021

Agriculture

CEMAC: prices of agricultural export commodities dropped by 7.6% in Q2-2020 (BEAC)

CEMAC: prices of agricultural export commodities dropped by 7.6% in Q2-2020 (BEAC)
  • Comments   -   Tuesday, 22 September 2020 14:01

(Business in Cameroon) - In Q2-2020, the global prices of agricultural products exported by CEMAC countries dropped by 7.6%, according to the commodity price index recently published by the central bank BEAC. The drop has thus worsened quarter-over-quarter because, in Q1, it was just 1.9%.

According to the BEAC, this pronounced drop was due “to the decrease in demand because of the coronavirus pandemic and an accumulation of the stock of some products like palm oil and cocoa.”  

During the period under review, the products that recorded the largest drops were sugar (-18.7%), palm oil (-15.7%), caoutchouc (-14.9%), and cocoa (-11%). On the other hand, the price of rice rose by 15.4%, the central bank reveals.

BRM

cameroon-sets-up-a-policy-framework-to-promote-the-production-of-sustainable-and-zero-deforestation-cocoa
On January 13, 2021, in Yaoundé, Cameroon set up a policy framework for sustainable and zero-deforestation cocoa. Through this platform, the State of...
cameroon-maroua-and-guider-solar-plants-receive-tax-and-customs-exemptions
The Maroua (15 MW) and Guider (10 MW) solar plants construction project will benefit from the tax and customs exemptions provided by the 2013 private...
cocoa-cameroon-committed-to-ensuring-full-traceability-by-2025
Cameroon is committed to ensuring the full traceability, from plantations to export terminals, of cocoa produced in the country by 2025. This was revealed...
maetur-s-projects-are-delayed-by-land-disputes-in-high-demand-areas-ctr-indicates
The numerous land disputes involving the Urban and Rural Land Development and Maintenance Mission (MAETUR) are dealing a serious blow to the state-owned...

Mags frontpage


Business in Cameroon n94: December 2020

The rise of Cameroon’s automotive industry


The «Made in Cameroon» war


Investir au Cameroun n104 Décembre 2020

L’émergence d’une industrie automobile camer


La bataille du « Made in Cameroon »