BR100 Decreased By (-0.15%)
BR30 Decreased By (-0.74%)
KSE100 Decreased By (-0.41%)
KSE30 Decreased By (-0.67%)
BECO 5.80 Decreased By ▼ -0.23 (-3.81%)
BML 58.03 Increased By ▲ 5.28 (10.01%)
BOP 33.85 Decreased By ▼ -0.40 (-1.17%)
CNERGY 8.15 Decreased By ▼ -0.01 (-0.12%)
DCL 11.77 Decreased By ▼ -0.57 (-4.62%)
FCCL 53.35 Decreased By ▼ -0.54 (-1%)
FCSC 5.40 Increased By ▲ 0.18 (3.45%)
FFL 17.89 Decreased By ▼ -0.14 (-0.78%)
FNEL 1.31 Increased By ▲ 0.01 (0.77%)
HUMNL 11.06 Increased By ▲ 0.06 (0.55%)
KEL 8.05 Decreased By ▼ -0.06 (-0.74%)
KOSM 5.45 Increased By ▲ 0.07 (1.3%)
MLCF 87.19 Decreased By ▼ -0.86 (-0.98%)
NBP 184.60 Decreased By ▼ -1.88 (-1.01%)
PACE 11.62 Increased By ▲ 0.90 (8.4%)
PAEL 40.31 Increased By ▲ 0.37 (0.93%)
PIAHCLA 26.10 Decreased By ▼ -0.07 (-0.27%)
PIBTL 17.09 Decreased By ▼ -0.23 (-1.33%)
PPL 228.40 Decreased By ▼ -4.38 (-1.88%)
PRL 34.59 Decreased By ▼ -0.36 (-1.03%)
PTC 67.35 Decreased By ▼ -0.21 (-0.31%)
SEARL 91.00 Increased By ▲ 0.07 (0.08%)
SSGC 26.90 Decreased By ▼ -0.27 (-0.99%)
TELE 8.53 Decreased By ▼ -0.04 (-0.47%)
THCCL 66.14 Increased By ▲ 6.01 (10%)
TPLP 9.29 Increased By ▲ 0.53 (6.05%)
TREET 24.59 Increased By ▲ 0.05 (0.2%)
TRG 71.69 Decreased By ▼ -0.06 (-0.08%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
Markets

Cameroon cocoa port arrivals down around 20pc by mid-Dec

Published December 19, 2017 Updated December 19, 2017 08:52pm

NTUI: Cocoa exporters in Cameroon reckon that port arrivals since the start of the season in August had amounted to between 110,000 and 115,000 tonnes by mid-December, down from around 145,000 tonnes in the same period of last season.

Farmers and up-country buyers said the dip was due to the late arrival of seasonal rains, adding that harvesting of the main crop in the world's fifth biggest producer would likely continue longer than last season as a result.

The arrivals figure was based on estimates from three international exporters based in the port city, Douala. Five buyers contacted by Reuters confirmed the drop in output.

"Last year between August and December, I had bought 200 tonnes. This year I'm at 100 tonnes for the same period," said Valere Nszie, an independent buyer in the village of Nkolmelen, between the capital Yaounde and the town of Ntui.

Cameroon's marketing season opens in August and runs to July, with the bulk of the harvesting done during a main crop from August to January.

"Buyers who last year were doing 1,800 tonnes this year aren't able to supply 500 tonnes," said Clovis Kameni, a buyer in Ntui for local Barry Callebaut unit SIC Cacaos.

The late arrival of the rains was likely to extend this season's main crop, farmers and buyers said. But they warned that the additional harvesting would not necessarily close the production gap on last year.

"Last year the harvest ended around Jan. 15 but this year it will finish at the end of January," said Vendelin Ntingah, who farms three hectares near the village of Minkama 3.

Cameroon produced around 231,000 tonnes of beans during the 2016/17 season, the National Cocoa and Coffee Board said.

 

Copyright Reuters, 2017

Comments

Comments are closed for this article.