(Business in Cameroon) – Cameroon’s food production is expected to see an uptick in the third quarter of 2024, according to a recent forecast from the Bank of Central African States (Beac). This positive outlook is driven by the intensified agricultural activities during this period, which aligns with the beginning of the harvest season and the gathering of early crops.
However, the Beac report, which covers the six countries within the Central African Economic and Monetary Community (CEMAC) also notes that this growth in food production could be hindered by the scarcity and rising costs of fertilizers. The ongoing conflict between Ukraine and Russia, with Russia being a major supplier of fertilizers to Cameroon, is a significant factor contributing to this challenge.
The Beac’s quarterly forecast is a forward-looking report based on surveys conducted with business leaders, government officials, and other key figures across various industries within CEMAC. It provides insights into the anticipated economic trends for the next quarter and identifies the main factors that could influence these trends.
