(Business in Cameroon) - Cameroon spent a total of XAF64.4 billion to import sugar between 2015 and 2017, according to figures provided by the trade ministry during a Cabinet meeting in January this year.
In detail, the money spent in 2017 is double the XAF17.6 billion in 2016 and almost triple the XAF11.3 billion in 2015. This bullish trend in sugar import is to offset the weak local production that hardly reaches 150,000 tons per annum while demand is 300,000 tons.
During the 2018-19 season, let’s note, the market leader and subsidiary of Somdiaa -Société sucrière du Cameroun (Sosucam)- reported a local sugar production of 130,000 tons. Players involved in sugar import include brewers, local vendors, and processors of granulated sugar into cubes of sugar, following special authorization delivered by the government.