The last three months of 2017 look very bad for operators of the primary sector in Cameroon, a sectoral report published by Cameroon’s Directorate of the Bank of Central African States revealed.
According to this report, the grim climate observed since the last cocoa season will continue until the end of this year with cocoa prices far below the peak of CFA1,600 recorded during the 2015-2016 cocoa campaign. Actually, those prices do not exceed CFA900 per kilogram.
With the upcoming dry season marked by a low rainfall, the national directorate of the Bank Of Central African States in Cameroon also predicted the decrease in palm oil production during Q4 2017. Indeed, most palm oil production units in the country proceed to equipment maintenance during the period.
Anticipating the decrease, the government allowed the import of 95,000 tons of palm oil and its derivatives this year, to ensure the commodity’s availability to processors.
According to this same report, during the period being reviewed, a “more profitable demand from the sub-region”, should result in a gap between the offer and demand in the fishing and breeding sector in Cameroon. This situation, which will be sustained by a strong demand corresponding to the end of year festivities, should, BEAC’s national directorate indicates, increase consumption prices.
With businessincameroun
