logoBC
Yaoundé - 29 November 2023 -
Agriculture

Cocoa farm gate prices experience a decline, after four consecutive increases in two months

Cocoa farm gate prices experience a decline, after four consecutive increases in two months
  • Comments   -   Tuesday, 23 May 2023 17:27

(Business in Cameroon) - After four consecutive increases since March 24, 2023, despite the rainy season, cocoa farm gate prices in Cameroon have dropped for the first time. The information was reported by the Cocoa-Coffee Information System.

According to available information, the maximum price per kilogram paid to producers has dropped to CFA1,375, down CFA25 compared to the record CFA1,400 exceeded on May 17, 2023. The minimum price has also declined, from CFA1,300 to CFA1,280, down CFA20. Indeed, the rainy season, which is normally marked by a drop in prices due to the deterioration of access roads to production basins, has not prevented prices from increasing until now. This suggests that the reason behind the recent decline in prices is the lower demand from the industry players.

cameroon-cncc-and-apme-equip-150-agri-food-smes-in-douala
The National Council of Shippers of Cameroon (CNCC) and the Agency for the Promotion of Small and Medium-sized Enterprises (APME) provided equipment to...
cameroon-grapples-with-persistent-inflation-at-7-7-double-the-regional-tolerance-limit
Cameroon’s national stats agency INS issued a report indicating that the country’s average annual inflation rate in October 2023 reached 7.7%. Although...
customs-resume-goods-auctions-at-the-port-of-kribi-after-a-two-year-break
An auction of goods will be held at the port of Kribi on December 8, according to a November 21 press release signed by Norbert Belinga, head of customs...
cameroon-s-stakeholders-finalize-creation-of-cotton-interprofession
From November 23 to 26, 2023, stakeholders in the cotton sector, including the Cotton Development Company (Sodecoton), the National Confederation of...

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 »