CEMAC: The Composite index of commodity prices was up by 2.4% in Q4-2019

Economy

CEMAC: The Composite index of commodity prices was up by 2.4% in Q4-2019

Comments

- Tuesday, 24 March 2020 12:49

(Business in Cameroon) - Between October and December 2019, the price index of commodities exported by CEMAC countries increased by 2.4%, after a 6.7% decrease in Q3, 2019, a recent report by the BEAC reveals.

According to the central bank, this increase was spurred by the overall increase in the prices of energy (+1.8%) and non-energy (+4.7%) commodities. For instance, during the period under review, the price of a barrel of crude went from $59.4 (in Q3,2019) to $60.3.

In the CEMAC region, the composite index of commodity prices is based on the 28 most-exported products in the region. These products represent 90% of the community’s exports.

BRM

Follow @investcameroun

Cameroon, FAO sign $2.7mln deal to support smallholder farmers

Cameroon and the Food and Agriculture Organization (FAO) signed a framework agreement worth over CFA1.617 billion (about $2,731,076) to support...

Cameroon govt cracks down on rice merchants defying price regulations

The Ministry of Commerce has been on the hunt for merchants found guilty of not adhering to the new approved prices for rice. Official sources report that...

Camtel seeks legal advocates nationwide to safeguard corporate interests

Cameroon’s incumbent operator Camtel issued a call for applications on April 19 to recruit six lawyers and six law firms across the nation's ten regions...

Mayor of Bafoussam I explores Islamic Finance for local projects

Cyrille Ngnang, mayor of Bafoussam 1 in the West region, took part in the "Community Days of Islamic Finance-Cemac," held in Yaoundé from April 22 to 26....