logoBC
Yaoundé - 21 January 2022 -
Economy

Cameroon : INS fears rise in fish prices amid ban of fish imports from China

Cameroon : INS fears rise in fish prices amid ban of fish imports from China
  • Comments   -   Thursday, 27 February 2020 16:08

(Business in Cameroon) - In Cameroon, fish prices could soon go up, according to a note recently published by the National Institute of Statistics (INS).

The INS explains that this rise should be spurred by the government’s decision, in early February 2020, to ban the importation of fresh or frozen fish products from China. This measure was issued as a prevention against the Coronavirus epidemic.

As the institute reveals, China is Cameroon’s second-largest supplier of fish products. Operators involved in the importation of frozen fishes buy 50.6% of their supply from African countries (Mauritania, Senegal), 19.6% from Asia (China) and 12.9% from Europe (Ireland).  

The fish imports boost local production, which went from 252,214 tons in 2014 to 292,675 tons in 2018. Despite a 40,461 tons increase over a 4-year period, this is not enough to meet the national demand estimated at about 400,000 tons yearly.

According to figures from the Ministry of Livestock, Fisheries and Animal Industries (Minepia), Cameroon imports 200,000 tons of fish every year to complement the low national production. Those imports cost the country about XAF170 billion yearly, the same source indicates.

Sylvain Andzongo

cameroon-to-disburse-xaf3-7-bln-to-settle-part-of-pamol-plantations-salary-arrears-and-social-debts
The government plans to release XAF3.7 billion to help state-owned company Pamol Plantations Plc settle part of the debt it owes employees.  Indeed,...
cameroon-new-agribusiness-firm-cfc-increases-capital-4-folds-to-xaf10-bln
On January 12, 2022, Compagnie fermière camerounaise (CFC), the new subsidiary inaugurated (on November 5, 2021) by leading brewing group SABC increased...
promote-2022-afriland-first-bank-commits-to-sponsoring-20-smes
On January 19, 2022, Inter-progress Foundation, the organizer of the Yaoundé́ International Exhibition for SMEs and Partnership (PROMOTE), signed a...
sabc-group-inaugurates-new-research-and-development-laboratory
Société Anonyme des brasseries du Cameroun (SABC), a subsidiary of the French group Castel, inaugurated its new research and development laboratory in...

Mags frontpage


Business in Cameroon n106-107: December 2021-January 2022

Nine projects and innovations that demonstrate Cameroonians’ genius


This is how Gozem plans to revolutionize the transport sector in Cameroon


Investir au Cameroun n116-117: Decembre 2021-Janvier 2022

La preuve par 9 du génie camerounais


Comment Gozem veut révolutionner le transport urbain au Cameroun