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Robusta Prices at Cameroon Port Slip as Rains Boost Crops -- Traders

26 Mar 2017 12:38 pm
   By Emmanuel Tumanjong 

YAOUNDE, Cameroon--Robusta coffee prices fell Sunday compared with last week at Cameroon's Douala port, as rains in the country's five main producing regions reinforced supplies, traders and exporters told Dow Jones Newswires.

The price for a kilogram of robusta ready for export sold for 1,215 Central African francs ($2.00), gliding 1.61% from XAF1,235 the crop sold last week, according to figures released by the country's cocoa and coffee board.

Traders and exporters said coffee plants were thriving in response to nearly a month of rainfall after a protracted dry spell since December, which is pushing prices down.

The return of rain has also been greeted by farmers as it is vital to help plants develop for the current season's harvests.

Write to Emmanuel Tumanjong at generaldesklondon@dowjones.com

(END) Dow Jones Newswires

March 26, 2017 08:38 ET (12:38 GMT)

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