(Business in Cameroon) – Global prices for raw materials exported by the six-nation CEMAC economic bloc (Cameroon, Congo, Gabon, Equatorial Guinea, Chad, and Central African Republic) increased by 8.2% in the first quarter of 2025 compared to the preceding quarter, according to the Composite Commodity Price Index (ICCPB).
The Bank of Central African States (BEAC), the central bank for CEMAC countries and the publisher of the index, attributed the observed improvement primarily to the strong performance of agricultural product prices.
Indeed, during the period under review, the prices of agricultural products exported by CEMAC member states jumped by 12.7% on the international market. “Conversely, negative trends were observed in the markets for forestry products (-1.3% after a 2% decline in the fourth quarter of 2024) and fishery products (-0.4% after a 6.2% decrease in the previous quarter),” the BEAC document noted.
The ICCPB is based on the prices of 20 basic products exported by CEMAC countries, representing 90% of the community’s total export value. The basket is divided into five main categories: energy products, metals and minerals, forestry products, agricultural products, and fishery products.
BRM
