Cameroon Cocoa Shipments Increased by 16% in The Week That Ended Nov. 29

Cocoa shipments from Cameroon’s main port of Douala increased 16 percent in the week ended Nov. 29, according to statistics from the harbor.

Exports climbed to 8,240 metric tons from 7,130 tons a week earlier, according to information e-mailed from the port on Dec. 4. The average export price fell to 1,359 CFA francs ($2.77) a kilogram, from 1,383 francs a week earlier, according to Bloomberg calculations using rates published by the country’s Cocoa and Coffee Board.

A kilogram of the beans fetched 1,160 francs in the South West, one of Cameroon’s biggest producing regions, Abong Abraham, president of the Ekona Farmers’ Cooperative, said in a phone interview. Farmers sold the beans at 1,160 francs in the Littoral region, 1,165 francs in the South and 1,150 francs in the Center zone, according to information e-mailed from the Cocoa and Coffee Information Relay Centers in Bafia, Bertoua, Nkongsamba and Ebolowa.

Cameroon is the world’s fifth-biggest producer of the crop after Ivory Coast, Ghana, Indonesia and Nigeria.

To contact the reporter on this story: Pius Lukong in Yaounde via Johannesburg at pmrichardson@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net.

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