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A sharp rise in the price paid for cocoa beans has boosted the incomes of farmers in Cameroon as top global producers Ivory Coast and Ghana suffer a supply shortage this season.
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Cameroon cocoa production witnesses a 12% rise Over the 2020-2021 cocoa season (1 August 2020- 15 July 2021), Cameroon produced 292,471 tonnes of cocoa. This volume revealed on August 10, 2021, at the launch of the 2021-2022 season in Kekem, increased by 35,319 tonnes or 12% compared with the 2019-2020 production.
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Cameroon's cocoa stocks built up to 21,159 tonnes in 2017-2018, from 7,212 tonnes in the prior season, according to the National Office of Cocoa and Coffee (ONCC).
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The adverse conditions in the international market have led to a surge in cocoa prices, translating into better remuneration for producers in countries like Cameroon. As reported by Ecofin Agency, "since the start of 2024, cocoa has been the best-performing agricultural commodity on the markets, gaining 56.4%, or more than $2,300 per ton ...
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Notes: a/ Estimates published in Quarterly Bulletin of Cocoa Statistics, Vol. L – No. 1 – Cocoa year 2023/24 b/ Surplus/deficit: net world crop (gross crop adjusted for loss in weight) minus grindings.Totals may differ due to rounding. Statistical information on trade in cocoa beans, cocoa products and chocolate, by country and by region, …
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See video introduction of the Roadmap to Deforestation-free Cocoa About the Cocoa Sector in Cameroon Cameroon is the 4th largest cocoa producing country globally and the 3rd largest in Africa with 290,000 MT in the latest cocoa season1. The nation's ambition is to lift this to 640,000 MT per year by 2030. Cocoa plays a vital role
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Cocoa bean prices have been rising since the last quarter of 2023, hitting a record high of $10.97 per kilogram on April 19 (Figure 1). The price spike is due to a significant drop in bean production by major global suppliers—four key producing nations in West and Central Africa account for more than 60% of the world's supply of cocoa …
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After a production shortfall in West Africa, cocoa prices rose to $4,000 a metric ton from $2,500. Then they went nuts.
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Cameroon's cocoa and its derivatives have brought substantial earnings to the sector, ... bringing in a combined revenue of CFA139.2 billion. Cocoa paste exports alone secured CFA82 billion, up 11% year-on-year, while cocoa butter exports rose by 34.2% to CFA57.2 billion. ... Morocco Sees 15% Rise in Tourist Arrivals in First 7 …
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(Business in Cameroon) - On May 11, 2021, in Cameroon's production areas, the prices of a kilogram of robusta coffee ranged between XAF525 and 575. According to data compiled by the sectoral information system SIF elaborated by the National Cocoa and Coffee Board (ONCC), those prices were the highest the …
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Cameroon's domestic traded cocoa volumes rose 16.4% to 292,471 tonnes in the 2020/2021 season compared with the same period a year ago, data from the National Cocoa and Coffee Board (NCCB) showed ...
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This season, for the third year in a row, cocoa supply is expected to fall short of demand—by 8.5% of global production. Next year another deficit looms. The result is a chaotic market.
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This considerable improvement in the volume of quality cocoa produced in Cameroon is the result of several measures taken over the years by the government and sectoral operators to improve the perception of the Made-in-Cameroon cocoa in international markets.
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During a collective cocoa sale on March 5, 2024, in Abong-Mbang, a key cocoa-producing area in Eastern Cameroon, ... the country has welcomed three new local processing plants in less than three years (Atlantic Cocoa, Neo Industry, and Africa Processing), with combined capacities approaching 100,000 tons. ... Aluminum Prices …
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YAOUNDE — A sharp rise in the price for cocoa beans has boosted the incomes of farmers in Cameroon, as top global producers Ivory Coast and Ghana suffer a supply shortage this season. ... New York cocoa futures rose to a 46-year high on Monday as crop problems in West Africa tightened global supplies. Ghana cocoa port arrivals …
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As the world's fifth-largest cocoa producer, Cameroon should be reaping the benefits of the growing global appetite for high-quality chocolate. But farmers in Konye, in the country's southwest, are struggling to support themselves as unusually harsh weather takes a big bite out of their cocoa income. ... "I sold 262 kg of cocoa last year ...
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The National Cocoa and Coffee Board announced that Cameroon produced 292,471 tonnes of cocoa in the 2020-2021 season, the highest in six years. The Centre …
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Cocoa production in Cameroon will rebound in 2018/19 and maintain strong ... Cocoa grindings will remain elevated over the next five years due the government's clear priority ... is considerably brighter. The main domestic cocoa processor, SIC Cacaos, a subsidiary of Barry Callebaut, saw its cocoa grindings rise to 53,000 tonnes in 2017/18 ...
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Cameroon Cocoa Manager. The Hershey Company Yaoundé, Centre, Cameroon. ... Committed to fairness, ethics, and sustainability for over 125 years, Hershey also founded the Milton Hershey School to ...
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(Business in Cameroon) - XAF975 FCFA. This is the maximum price at which a kilogram of cocoa beans is being sold today September 1, 2020. This is revealed by SIF, the information system set up by the national cocoa board NCCB for live information on commodity prices, to help producers negotiate better prices for their …
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Crusher and winnower for cocoa beans - equipment, designed by a professional confectioner. You can order Crusher and winnower for cocoa beans. ... 2 year: Supply. 220 V~50 Hz. Power. 0,5 kW. Dimensional size. 760 х 660 х 1400 mm. Maximum loading. 5 kg. Weight. 60 kg. Warranty. 2 year. Manual. Read the manual before starting work. …
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The cocoa industry in Cameroon has seen substantial growth over the years, with many companies contributing to its success. Unraveling the Cocoa Producers of Cameroon Key Cocoa Producers in Cameroon. 1.Socapalm (Société Camerounaise de Palmeraies) Socapalm, a subsidiary of the Bollore Group, is one of the largest cocoa …
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Abidjan, 30 November 2023 – The International Cocoa Organization today releases its revised estimates for the 2021/22 and 2022/23 cocoa years for world production, grindings and stocks of cocoa beans, as summarized below. The data published in Issue No. 4 – Volume XLIX – Cocoa Year 2022/23 of the Quarterly Bulletin …
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The minimum price of a kilogram of cocoa beans in Cameroon's production basins has risen by CFA75 to CFA1,225, ... This new increase in the price of Cameroonian beans is the result of an increase in demand at the start of the end-of-year sales. The end of the rainy season in the country is also a favorable factor. ... Aluminum Prices Rise …
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The price ceiling for cocoa beans in Cameroon has peaked at CFA2,000 since November 10. This is the 7th increase in three months. ... The new prices are slightly lower than the "special price of CFA2,015 per kg" offered to producers by the beans crusher Atlantic Cocoa on November 8, 2023, according to the trade minister. ...
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Data posted on this web page cover production and grindings of cocoa beans by the main producing/exporting and importing countries for the last three cocoa years. The cocoa year runs from 1 October to 30 September. Forecasts for the current cocoa year and more detailed information are available in the Quarterly Bulletin of Cocoa Statistics ...
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By Emmanuel Tumanjong Special to DOW JONES NEWSWIRES YAOUNDE, Cameroon--Cameroon is processing more cocoa beans locally, the national...
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(Business in Cameroon) - During a collective cocoa sale on March 5, 2024, in Abong-Mbang, a key cocoa-producing area in Eastern Cameroon, producer prices per …
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Cameroon has seen its cocoa output down 11.2% YoY during the 2022-2023 season, which officially ended on September 7, 2023. ... handled 89,204 tons of beans during the campaign, compared to 86,850 tons in the previous year; an increase of 2,354 tons, or 2.7%. ... Aluminum Prices Rise 15.7% in H1 2024, Boosting Cameroon's Alucam.
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country's crop for the ongoing season is expected to decline by 10% year-on-year. As at 28 November 2021, cumulative arrivals of cocoa beans in Côte d'Ivoire were reported at …
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The International Cocoa Organization (ICCO) is an inter-governmental organization established in 1973 under the auspices of the United Nations and operating within the framework of successive International Cocoa Agreements. Located in Abidjan – Ivory Coast, ICCO was established in 1973 to put into effect the first International Cocoa ...
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The sustained rise in cocoa prices in Cameroon signals a promising 2023-2024 season in terms of producer remuneration. This improvement also reveals a certain battle between exporters and local processors for control of the bean, which is increasingly insufficient to meet the needs of industry stakeholders. ... Cameroonian forestry sector ...
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Cameroon has seen its cocoa output down 11.2% YoY during the 2022-2023 season, which officially ended on September 7, 2023. Official figures revealed.
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CAMEROON – In a historic achievement for Cameroon's cocoa market, producer prices per kilogram surged to an unprecedented CFA4,225 (US$7.04) during a …
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In a country where the median age is just 18 years, a study by the Cocoa and Coffee Interprofessional Council (CCIC) found that the average age of farmers ranged from 63 to 70 years depending on ...
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