Farmgate cocoa prices rose between five and 25 percent in Cameroon, the world's fifth largest producer's main growing regions on the back of tight supplies as the main cocoa harvest season tails off, farmers said on Monday. Farmers said prices rose to about 980 CFA francs ($1.89) from 930 CFA francs per kg in Kumba, in the South West region and from 800 CFA francs to 1000 CFA francs in Ebolowa in the South region.
"We have seen a significant increase in prices this month compared with last month, rising from 800 CFA to 1,000 CFA francs per kg of beans. Our hope is that things will continue this way until the end of the season," said Efa Essien, a farmer in Ebolowa in the South region.
Emmanuel Nguile, a farmer who is also a local co-operative head in the Centre region, said there were very few beans left in the farms as the main harvest draws to a close. Cameroon's cocoa season runs from August to July with the main harvest taking place between October to January/February, while a smaller mid crop is harvested from May to July.
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