CMR records 30% up in cocoa price edge

Two months after the opening of the 2014-2015 cocoa campaign August 1, Cameroon sector recorded its first record.

Indeed, according to Commodafrica, prices edge fields in production ponds are currently at a level never reached previously at 1,330 Cfa francs per kilo, compared to 1,265 francs Cfa in September 2014. Better, per kilogram of cocoa edge fields is currently sold "30% more expensive" said the same source.

This upturn on prices, we learnt, is a consequence of the improvement of the quality of the product, and a better organization of peasant associations, which are opting for bundled sales, mechanism to pool efforts and boost the negotiating capacity of producers to buyers.

This is the first benefits of the meetings at the end of campaign by the umbrella organisation, has not only prompted producers to merge the multitude of existing GIC in unique cooperatives, sometimes at the regional level; but also has trained producers grouped in better organized periodic markets sales techniques.

This price increase is also to develop the assets of the progressive eradication of illegal buyers, generally inclined to despoil the producers.

Against these, indeed, inter-professional Council of cocoa and coffee (CICC) provided more severe penalties.