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Infos Business of Wednesday, 11 June 2014

Source: investireaucameroun.com

Local tea market faces competition - Minister of Commerce

According to the Cameroon Minster of Commerce, Luc Magloire Mbarga Antangana,Cameroon has a "good tea industry after privatization of the Cameroon Development Corporation (CDC) to Cameroon Tea Estates, CTE, but bemoans the fact that they are no rules to control completion in the tea market in Cameroon.

The buyer (Cameroon Tea Estates) of this tea branch of the CDC, the Minister said in an interview with Commodafrica, "has just received approval from the CEMAC for unimpeded access to sub-regional EU market ".

According to this approval, it allows the company to strengthen the marketing of its products which was already "substantial to the regional market," because “local market faces competition without rules.”

Supermarkets and market stalls in Cameroon have been filled with tea brands from various countries, mainly China making it for the local tea to have a market here at home.

While locally, the Cameroon Tea Estates, CTE produces about 1,800 tons of tea in her plantation Ndu, and 1,500 tons in the Djuttitsa in the Northwest region, as can be read on the company’s website.

The CTE also operates in the town of Tole, "the oldest tea plantation in Cameroon established in 1928 and located at the foot of Mount Cameroon," which "gives a special flavour to Tole tea.”