(Business in Cameroon) - Between July and September 2020, the international prices of CEMAC countries’ main export products rose after a rather sluggish trend in Q2-2020.
According to the central bank BEAC, "the price index of commodities exported by CEMAC countries rose by 19.6% (during the period under review), after declining by 28.9% in the 2nd quarter of 2020." This improvement, we learn, follows "the rise in the price of most of the said products (...), except for minerals and metals. "
The BEAC explains that the composite index of commodity prices is based on the prices of 28 commodities exported by CEMAC countries. These products account for 90% of the value of the member countries' exports. The index is constituted of five major product categories, namely energy products, metals and minerals, forest products, agricultural products, and fishery products.