Sugar consumers respond positively to Cosumar's new role

ending the production company Cosumar, retained to develop a sugar agro-industrial complex to the East, the local market is supplied by the Sosucam plants.

Since the February announcement of the company Cosumar to develop the sugar agro-industrial complex in the Bertoua-Batouri interzone, East region, consumers have reacted positively to the industry.

Once completed, this new plant is expected to produce annually for the local market, between 80 000 and 130 000 tonnes of sugar. It is an additional input that will strengthen and offer the market where consumers already have a steady supply from Mbandjock and Nkoteng plants, sugar company of Cameroon (Sosucam), major local producers, running at full speed since the beginning of the campaign last November.

The information collected to the Department of Commerce (Mincommerce) ensures the monitoring of supply markets, the Sosucam offers the market a daily 455 tonnes of sugar. Yesterday, March 18, 2015, stocks of sugar available in the stores of the company are estimated at 45 000 tons and in the factories of Mbandjock (12 500 tons), Nkoteng (29 800 tonnes), Douala (2 400 tonnes) and Ngaoundéré (1 000 tonnes).

On March 16, 2015, the Sosucam delivered 8 000 tons of sugar to the local market with 34 000 already provided from January 1 to March 15, 2015. The statistics are what the Mincommerce relies on to predict good prospects for the sugar market in Cameroon.

In addition, the ban on imports decided last August supports the preservation of the industrial fabric in this sector. Indeed, last September, the Mincommerce had held consultations with manufacturers in the sugar sector, including producers, importers and the representations of workers unions and consumer associations to analyze the prospects for the market in short and medium terms.

The parties then agreed that a sufficiently provided national market allowed prices to remain stable at an average of 600 F/Kg of granules and 700 F/kg of sugar including the region of the Centre. Under these conditions there is no need to authorize imports.