logoBC
Yaoundé - 08 May 2021 -
Public management

Boosted by CDC’s performance, Cameroon’s banana exports rose by 5,082 tons YoY in Q1-2021 (ASSOBACAM)

Boosted by CDC’s performance, Cameroon’s banana exports rose by 5,082 tons YoY in Q1-2021 (ASSOBACAM)
  • Comments   -   Friday, 09 April 2021 15:49

(Business in Cameroon) - In Q1- 2021, Cameroon exported 54,900 tons of banana, according to the Banana Association ASSOBACAM. Compared with the 49,818 tons the country exported over the same period in 2020, this represents an increase of 5,082 tons. 

This performance was mainly due to the exports of state-owned agribusiness Cameroon Development Corporation (CDC). Indeed, in Q1-2020, the company did not export bananas because it stopped operations in September 2018 due to the sociopolitical crisis shaking the two anglophone regions since 2016. It only resumed operations in May 2020 and between January and March 2021, it exported 5,317 tons of banana.

CDC’s performance mitigated the decline in the production market of the leader PHP during the period under review. Indeed, the local subsidiary of the French group exported only 45,522 tons of banana between January and March 2021, while during the same period in 2020, it exported 45,893 tons, representing a 371 tons decline in its exports year-on-year.

At the same time, market minnows Boh Plantations also recorded a slight increase in its banana exports. According to figures compiled by ASSOBACAM, it exported 4,061 tons of banana, up by 136 tons compared with the 3,925 tons it exported over the same period in 2020.  

In Q2-2021, the year-on-year rise recorded in the country’s Q1-2021 banana exports will improve further. In its Q2-2021  business cycle analysis report, the Bank of Central African States (BEAC) forecasts that in Cameroon, banana production will rise in Q2, 2021. This rise, the central bank explains, will be noticeable in all the production areas, including the Southwest where the producer (CDC) is planning to renovate 520 hectares of banana plantations.  

Brice R. Mbodiam 

cameroon-banana-exports-dropped-by-22-11-yoy-in-apr-2021-assobacam-s-data
Banana producers operating in Cameroon exported 13,186 tons of the fruit in April 2021, according to the Banana Association of Cameroon (Assobacam)....
tradex-seeks-a-partner-for-the-supply-of-56-000-gas-cylinders
The state-owned oil operator Tradex recently issued an international call for tenders for the supply, within five months, of 56,000 12.5 kg gas...
cameroon-to-install-solar-plants-of-30mw-energy-generation-capacity-in-the-northern-regions-this-year
Cameroon and electric utility ENEO are currently fine-tuning a project to install mobile and modular emergency solar power plants. This was revealed, on...
consumer-price-index-rose-by-0-2-in-douala-in-march-2021-the-ins-reports
In March 2021, in Douala, the consumer price index (CPI) rose by 0.2%, according to the National Institute of Statistics (INS). The figure is slightly...

Mags frontpage


Business in Cameroon n99: April 2021

Outages ENEO’s director-general explains the situation


Cocoa: Time to boost processing


Investir au Cameroun n109: Avril 2021

Délestages Le DG d’Eneo s’explique


Cacao : cap sur la transformation

  1. Most read 7 days
  2. shared 1 month
  3. read 1 month
next
prev