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Agro-industry

Cemac: Higher cotton output dropped export prices by 7.7% in Q4 2018  

Cemac: Higher cotton output dropped export prices by 7.7% in Q4 2018  
  • Comments   -   Thursday, 21 February 2019 14:53

(Business in Cameroon) - Over the last three months of 2018, cotton export prices within the Cemac region (Cameroon, Chad) shrunk by 7.7%, data compiled by the Central Bank Beac showed.

This drop, Beac explained, is the result of the “continued rise in the volume of cotton produced thanks to favorable weather”. As well, “the currencies of major agricultural commodities exporters have depreciated” during the period under consideration.

Overall, the prices of agricultural products exported by CEMAC countries fell by 1.9% in Q4 2018, cotton being the hardest-hit crop, Beac noted.

BRM

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