(Business in Cameroon) – The prices of agricultural exports in the Cemac region fell by 14.3% in the third quarter of 2024, marking a reversal after several consecutive periods of price increases, according to the Bank of Central African States (BEAC). The latest Composite Index of Commodity Prices (ICCPB) reported the figures.
BEAC analysts attribute this decline to mixed price trends in different markets. Cocoa prices dropped by 21.4%, cotton by 8.1%, and rice by 6.8%. Meanwhile, coffee prices increased by 10.1%, rubber by 3.8%, and palm oil by 3.2%.
The ICCPB tracks the prices of 20 key commodities exported by Cemac countries, which account for 90% of the region’s export value. These commodities are grouped into five categories: energy products, metals and minerals, forest products, agricultural products, and fishery products.
