Cameroon cocoa producers enjoy record prices and outperform rivals from Ivory Coast and Ghana

Published 2024년 10월 21일

Tridge summary

Since the beginning of the 2024-2025 cocoa season in Cameroon, producers have seen a significant increase in prices, ranging from CFA 3,500 to CFA 3,650 per kilogram. This is double the prices from the same period last year and higher than in Côte d’Ivoire and Ghana, the world's largest cocoa producers. This increase is due to the liberalization of cocoa and coffee marketing in Cameroon, which began in the late 1990s, allowing producers to negotiate their own prices and conduct group sales. The country's cocoa sector is emerging as an example of how market freedom can benefit farmers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Since the start of the 2024-2025 cocoa season on August 8, Cameroonian producers have been recording significantly higher prices, ranging from CFA 3,500 to CFA 3,650 per kilogram in different producing regions. This development was highlighted during a review meeting held on October 17, led by Trade Minister Luc Magloire Mbarga Atangana, who highlighted the doubling of prices compared to the same period last year. In 2023, the price per kilogram of cocoa in Cameroon did not exceed CFA 1,800, according to data from the Cocoa and Coffee Information System (SIF), overseen by the National Cocoa and Coffee Council (ONCC). The current level, in addition to being one of the highest ever recorded in the country, puts Cameroonian producers at an advantage over their counterparts in the world’s largest cocoa producers, Côte d’Ivoire and Ghana. Recently, both Côte d’Ivoire and Ghana have raised the prices paid to their producers: Even with these increases, Cameroonian producers are earning ...

Source: Mercado Do Cacau