logoBC
Yaoundé - 28 May 2022 -
Agriculture

CEMAC: Dropping production and rising shipping costs boost coffee prices in Q4-2021 (BEAC)

CEMAC: Dropping production and rising shipping costs boost coffee prices in Q4-2021 (BEAC)
  • Comments   -   Wednesday, 23 February 2022 13:44

(Business in Cameroon) - The CEMAC export commodity price index rose by 10.4% in the last quarter of 2021, according to the composite index recently published by central bank BEAC. In the previous quarter, that index rose by 8.7% against 7.8% in the second quarter.

In Q4-2021, the products that spurred the rise in that price index include coffee, the composite index explains. During that period the international prices of coffee grew by 16.5% but it was less robust than the 19.5% rise recorded in the third quarter. 

"This price dynamic is mainly driven by the decline in exports because of the rise in shipping costs and the reduction of production in main producing countries, notably Brazil and Vietnam (1st and 2nd world producer)," explains the BEAC.

BRM

international-air-traffic-drops-by-62-in-cameroon-due-to-covid-19
The international air traffic in Cameroon fell by 62.04% from 868,788 to 357,564 passengers between 2019 and 2020. Domestic traffic also followed the same...
emile-parfait-simb-promoter-of-liyeplimal-arrested-for-cryptocurrency-scam
Emile Parfait Simb, the promoter of Global Investment Trading (better known as Liyeplimal), which specializes in cryptocurrency investments, was arrested...
cameroon-govt-completes-fundraising-for-automatic-toll-booth-project-launches-work
The Cameroonian government announced, via its Ministry of public work, (Mintp) that it has finally completed the fundraising for the construction of 14...
british-epc-joins-the-kribi-bitumen-plant-project
The British consulting firm Euro Petroleum Consultants (EPC), which specializes in petroleum and petrochemical projects, has just signed a "Project...

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 »