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Cocoa price per kg rises in Cameroon after weeks of stagnation

cocoa
Cocoa Prices Increaes

While it had peaked at 1175 FCFA since 10 May 2022, the maximum price of a kilogram of cocoa beans rose to 1200 FCFA (+25 FCFA) on 24 May 2022 (six weeks later) in Cameroon’s production basins.

According to data compiled by the ”Système d’information des filières”. This is a mechanism for communicating prices to producers in real time, in order to boost their negotiating capacity with buyers.

The improvement observed in the maximum price (the minimum price has remained stable at 1050 FCFA per kg since the beginning of May 2022, ) served to producers comes at a time when the rainy season is still going on, which is generally marked by a drop in cocoa prices, due to difficulties in accessing production basins.But this reality is increasingly being put to the test in Cameroon.

Indeed, for the past two seasons, field prices have resisted the ravages of the rainy season rather well, due to the vigorous demand for cocoa following not only the arrival of two new crushers on the Cameroonian market (Atlantic Cocoa and Neo Industry), but also the increase in the crushing capacity of the market leader (Sic Cacaos).



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mm Published on 01.08.2022

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