Price of CICAM fabrics doubles

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- Friday, 01 February 2013 16:52

(Business in Cameroon) - All products of the Cameroon fabric manufacturing company, CICAM have witnessed at least a 50% increase depending on the quality of fabric. Buyers from stores of the company across the national territory, have an additional CFAF 1000 or 2000 to the prior price to pay, depending on the type.

The price increase is a direct consequence of the raise in cotton prices, the main raw material for the manufacture of textile, according David Mounjoutouyi, the CICAM regional delegate for the Centre and East regions.

The price of a kilogram of cotton has moved from CFAF 600 in 2011 to CFAF 1800 in 2013.

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