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Good Weather Weighs on Cameroon's Robusta Coffee Prices -- Traders

11 Jun 2017 11:55 am
 
  By Emmanuel Tumanjong 
 

YAOUNDE, Cameroon--Prices paid for robusta coffee fell nearly 10% compared with what traders paid for the crop a couple of weeks ago at the farm gates, farmers and traders said Sunday.

Farmers said they received between 580 and 600 Central African francs ($0.98-$1.02) per kilogram of robusta coffee sold, down from the 610 to 695 Central African francs per kilogram the crop sold two weeks ago.

The price fall was triggered by favorable weather conditions in the West African nation's five provinces--the Littoral, South-West, Center, South and East regions, where most of the country's robusta coffee is grown.

"The progress of rainfall assures us of better harvests in the months ahead. This explains why farmers are giving coffee at lower prices" said middleman trader Epee Moukandjo in the Littoral town of Mbanga.

Robusta prices have risen steeply for months as supplies declined since the season's harvest officially ended in December. But farmers are still trading stocks they stockpiled, and some tiny beans are still being harvested, they said.
 

Write to Emmanuel Tumanjong at realtimedesklondon@dowjones.com
 

(END) Dow Jones Newswires

June 11, 2017 07:55 ET (11:55 GMT)

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