According to the news of investing in Cameroon website on September 28, according to the data of the Bank of Central African States (beac), the price of agricultural products exported by Central African Economic and Monetary Community (CEMAC) countries increased by 1.8% month on month in the second quarter of 2021, lower than the 2.2% increase in the first quarter of 2021. The price rise of agricultural products mainly comes from the pulling effect of coffee, sugar, palm oil and cotton. In the second quarter of 2021, the price of coffee increased by 10.0% to $2.89/kg, compared with $2.62/kg in the previous quarter, mainly due to the decline in production caused by the bad weather in Brazil (the world’s main producer) and social protests in Colombia (the world’s third largest producer). Meanwhile, sugar prices rose 8.3% quarter on quarter, palm oil rose 6.7% and cotton rose 1.7%.
Source: Economic and Commercial Department of the Embassy in the Republic of Cameroon
Post time: Oct-21-2021