Cameroonian cocoa farm gate prices have fallen slightly since the start of May as a result of increased supply of beans as the mid-crop season gradually gets under way, farmers said on Friday. Despite the fall, prices are still well above the average for the last decade in the world's fifth biggest grower.
"My group sold cocoa beans in the town of Bafia at 1,000 CFA francs per kg, slightly down from 1,025-1,150 last month," said Emmanuel Nguile, vice president of the 53,000-member National Organisation of Cameroon Cocoa and Coffee Producers in the Centre region. "The mid-crop season is timidly getting under way, but the quantity of beans supplied on the market is increasing every day," said farmer Essien Efa from Ebolowa. "We've hardly ever seen so many beans on the local market during this period of the year."
Favourable weather throughout the cocoa season is boosting production, farmers said. "Rainfall has been good, the roads have been maintained and prices have remained at a good level, although there is a slight drop this month compared to the last," said Dickson Ashu Tambe, manager of the Mamfe Central Area Co-operative Union.
Cameroon's cocoa season runs from August 1 to July 31, with main harvest taking place between November and February and the mid-crop harvest from late April or May to early July.
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