Cameroon: Cocoa farm-gate price increased to CFA1,250 during the 2017-18 mid-crop

Agriculture

Cameroon: Cocoa farm-gate price increased to CFA1,250 during the 2017-18 mid-crop

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- Tuesday, 28 August 2018 14:20

(Business in Cameroon) - During the 2017-18 mid-crop which ended mid-July, the cocoa farm-gate price increased from CFA550 to CFA1,250, the national cocoa and coffee board (ONCC) indicated in its 2017-18 report.

This rise in farm-gate price is attributable to lower prices of commodities (including cocoa) on the international market. The government has therefore cut export taxes by 50% as to allow exporters to buy beans from local producers at higher prices.

Let’s however note that despite all government measures during the 2017-2018 cocoa season, the farm-gate prices remained well below the average price per kilogram applied past seasons.

BRM

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