Cocoa: Farmgate prices remain above XAF1,000 despite the rainy season in production basins

Agriculture

Cocoa: Farmgate prices remain above XAF1,000 despite the rainy season in production basins

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- Thursday, 29 August 2019 15:04

(Business in Cameroon) - In the middle of the rainy season, the price of cocoa in the production basins in Cameroon remained over XAF1,000 per kilogram. According to Système d’information des filières (SIF), today August 29, the minimum per kilo is XAF1010 and XAF1040 for the maximum.

These prices, stable since last weekend, are however slightly below the XAF1050 reached last week.

This stagnation of prices above XAF1,000 despite the rainy season, which usually makes it hard to access production basins, can be due to the strong demand spurred by the arrival of new grinders (Neo Industry and soon-to-be installed Atlantic Cocoa). It is also due to the increase in the processing capacities of old operators like Sic Cacaos.

BRM

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