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High Demand Pushes Up Cameroon's Arabica Coffee Prices

16 Jul 2017 10:24 am
 By Emmanuel Tumanjong 
 

YAOUNDE, Cameroon--Arabica coffee prices rose in Cameroon's northwest and west provinces, where traders scrambled for beans due to thin supplies in recent weeks, farmers and traders said.

They said each kilogram of arabica coffee sold at the farmgates in both regions of Cameroon for 990 and 820 Central African francs ($1.73 - $1.43), up 11.17% from the XAF860 and XAF770 that the crop sold at the week before.

While waiting for full-blown harvests to start, middlemen traders have started entering farmgates to search for coffee beans, prompting farmers to price coffee higher, traders and farmers said.

They added that traders are in search of more arabica coffee to beef up existing stocks because last season's output was lower than expected, according to government and industrial figures.
 

Write to Emmanuel Tumanjong at realtimedesklondon@dowjones.com
 
 

(MORE TO FOLLOW) Dow Jones Newswires

July 16, 2017 06:24 ET (10:24 GMT)

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