Cameroon’s Cocoa Exports Drop 9.9% in Week to Jan. 24

Cameroon’s cocoa exports from the main port of Douala fell 9.9 percent during the week to Jan. 24, according to statistics from the harbor.

Exports stood at 2,650 metric tons, down from 2,940 tons a week earlier, information e-mailed from the port stated today. The average export price was 1,470 CFA francs ($3.05) a kilogram (2.2 pounds), up from 1,450 CFA francs the week before, according to Bloomberg calculations using rates published by the country’s Cocoa and Coffee Inter-Professional Board.

A kilogram of the beans fetched 1,350 CFA francs in the South West, Abong Abraham, President of Ekona Farmers’ Cooperative, said in a telephone interview. Farmers sold the beans at 1,355 CFA francs in the Littoral, 1,450 CFA francs in the Center and at 1,340 CFA francs in the south production zone, according to information e-mailed from the Cocoa and Coffee Information Relay Centers in each region.

(Source: http://www.bloomberg.com/news/2011-01-25/cameroon-s-cocoa-exports-drop-9-9-in-week-to-jan-24-update1-.html)