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Hazy Weather Hurts Cameroon Cocoa Trade -- Traders, Farmers

20 Aug 2017 10:36 am

By Emmanuel Tumanjong

YAOUNDE, Cameroon -- Prolonged rain showers and hazy weather is troubling marketing of cocoa beans in the third-largest African producer of the crop, weighing down prices in several parts of the country, several traders and farmers said Sunday.

"We find it difficult to cement and dry cocoa beans right now because of incessant rainfall, which are followed by foggy weather and very little sunshine," Alphonse Emmanuel Nguile, vice president of a 50,000-member cocoa and coffee farmers' organization said from Bafia, a key cocoa-marketing town located about 140 kilometers northwest of Yaounde.

Traders said the wet weather delayed the marketing of cocoa and caused moisture in traded cocoa to rise up to 13%, whereas authorized marketed cocoa beans requires only 8% wetness.

Central Cameroon farmers said they sold a kilogram of cocoa beans between 690 and 800 Central African francs ($1.23-$1.43), 3.87% down from XAF700 and XAF850/kg traders were paid for the crop the week before.

In addition to quality constraints, bountiful harvests have forced Cameroon cocoa farmers to sell their crop lower.

Write to Emmanuel Tumanjong at realtimedesklondon@dowjones.com

(END) Dow Jones Newswires

August 20, 2017 06:36 ET (10:36 GMT)

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