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Cameroon Port's Cocoa Price Extends Declines on Supply Glut

7 Jan 2018 11:37 am
 
   By Emmanuel Tumanjong 
 

YAOUNDE, Cameroon--The price of cocoa beans sold at Cameroon's main port of Douala continued to fall this week on an abundant supply, according to exporters and traders who spoke to Dow Jones Newswires on Sunday.

Cocoa beans ready for export fetched 908 Central African francs ($1.66) a kilogram, down 2.7% from XAF933 last week, according to statistics released by the West African nation's national cocoa and coffee board.

The decline came after months of falling prices. In the preceding week, cocoa prices fell 4% compared with the price that traders paid three weeks before.

Cameroon is at the height of its main cocoa harvest season and a rise in production has weighed on prices in recent months.
 

Write to Emmanuel Tumanjong at barcelonaeditors@dowjones.com
 

(END) Dow Jones Newswires

January 07, 2018 06:37 ET (11:37 GMT)

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