(Business in Cameroon) – In the second quarter of 2024, the prices of goods exported by the CEMAC countries increased by 17.6% compared to the previous quarter. According to the Composite Index of Commodity Prices (ICCPB) for CEMAC countries, published by the Bank of Central African States (BEAC), this rise confirms the “upward trend that started in the third quarter of 2023.”
“Between the first and second quarters of 2024, the overall index of commodity prices increased due to the combined rise in non-energy products (30.4%) and energy products (3.8%). Among non-energy products, agricultural prices surged by 37.1%, and metal and mineral prices rose by 30.1%. However, prices for forest products and fish products fell by 0.6% and 1.8%, respectively,” indicates the ICCPB from the central bank.
The ICCPB tracks the prices of 20 major export commodities from CEMAC countries, representing 90% of their export values. The index covers five main categories: energy products, metals and minerals, forest products, agricultural products, and fish products.
