logoBC
Yaoundé - 29 March 2024 -
Agriculture

Cameroon: Cocoa purchase prices drop to XAF1150 (max)

Cameroon: Cocoa purchase prices drop to XAF1150 (max)
  • Comments   -   Thursday, 28 May 2020 14:25

(Business in Cameroon) - Since 27 May 2020, the upper bound of the average price per kilogram of cocoa beans in Cameroon has fallen to XAF1150. Compared to the average of XAF1200 reached in the past 6 weeks, this reveals a slight decline of XAF50.

The slight drop in price can be explained by the abundant rainfall in production areas, causing access difficulties. It can also be attributed to the decrease in stocks available on the market, due to the dynamism of purchases over the past several months. New processors have entered the Cameroonian market and some of the existing ones increased their processing capacities.  

The minimum, on the other hand, has been resisting at the XAF1,050 level for about 3 months now, according to data compiled by the Commodity Chain Information System SIF (this system publishes local and international market prices in real-time to boost producers' negotiating capacities). 

BRM  

eu-pledges-over-cfa12bn-for-entrepreneurship-and-electricity-access-support-in-cameroon
The EU agreed to disburse over CFA12 billion to support growth-driven projects in Cameroon. The two related deals were signed in Yaoundé on March 26...
central-africa-set-for-highest-economic-growth-in-a-decade-amid-inflation-concerns
Growth within the Cemac region is expected to peak at 3.6% this year, according to the estimates of Beac’s Monetary Policy Committee (MPC), which met on...
mtn-cameroon-sees-record-growth-with-cfa325-7bn-revenue-in-2023-amid-market-challenges
MTN Cameroon reported a robust revenue of CFA325.7 billion for 2023. According to data released on the Johannesburg Stock Exchange in South Africa, this...
cameroon-s-customs-enforces-air-cargo-regulations-threatens-fines-for-non-compliance
Edwin Fongod Nuvaga, the Director-General of Customs in Cameroon, has issued a reminder to airlines about their obligations to comply with standard...

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 »