Price per bag of Onions escalates in Yaoundé, reaching CFA150,000 against CFA25,000 a few months ago

Trade

Price per bag of Onions escalates in Yaoundé, reaching CFA150,000 against CFA25,000 a few months ago

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- Wednesday, 21 November 2018 16:54

(Business in Cameroon) - Since October 2018 which marked the arrival on the market of the off-season onion, the price of this crop has surged reaching CFA150,000 per bag from CFA25,000.

Subsequently, demand significantly dropped causing sellers huge losses as the crop quickly rot. They said the situation is predicted to last till December 2018. Prices are expected to fall in January 2019, as onion harvesting will start in the North and Far-North, the two major production areas. This season’s production supplies both the local market and neighboring ones including Gabon and Equatorial Guinea, traders said.

BRM

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