Cocoa’s share in export revenues doubled to 36.5% in 2016 (Fitch Solutions)
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Comments - Friday, 29 March 2019 17:53
(Business in Cameroon) - Despite a decline by 9.1% in production to 211,000 tons during the 2015-16 campaign, cocoa significantly weighed in export revenues after oil prices slid over the period.
According to Fitch Solutions, a branch of Fitch group, which provides figures, the share of cocoa in export revenues doubled in 2016 reaching 36.5% against 16% previously.
Let’s note that the crop is the 2nd source of export revenues in Cameroon after oil and gas which account for more than 40% of gains. Other sources include wood, banana, cotton and coffee.
BRM
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