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The cocoa market is experiencing upheaval with prices nearing record highs, driven by challenges like climate change and inadequate payments from market players to farmers. At the same time, production is declining because of severe weather, the Swollen Shoot Virus Disease, and shortages of pesticides and fertilizers.
The cocoa market is experiencing upheaval with prices nearing record highs, driven by challenges like climate change and inadequate payments from market players to farmers. At the same time, production is declining because of severe weather, the Swollen Shoot Virus Disease, and shortages of pesticides and fertilizers. According to figures from the General Directorate of Customs, in the third quarter of 2024, Cameroon exported only 6,276 tonnes of cocoa beans, a significant 71% decline from the 21,724 tonnes exported in the same period last year. This sharp drop in volume also decreased the export value by USD 17.3 million.
Despite the plunge in exports, the price per kilogram of cocoa beans surged to an all-time high of USD 10 in 2024. According to reports, the reasons for the export downturn have not been officially stated, though the price hike and market dynamics may be contributing factors.
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During the 2024-2025 cocoa campaign launch, Minister of Commerce Luc Magloire Mbarga Atangana expressed optimism, highlighting the improved quality of Cameroonian cocoa, which is now recognized globally. He urged industry stakeholders to continue enhancing the cocoa’s quality and reputation.
