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Scarcity Further Pushes Up Cameroon Port's Cocoa Price

25 Feb 2018 2:30 pm

Emmanuel Tumanjong

YAOUNDE, Cameroon--Middlemen traders earned 2% for cocoa beans sold this weekend at Cameroon's chief port of Douala amid weak supplies, exporters and traders said Sunday.

A kilogram of cocoa beans ready for export sold Sunday for 1,042 Central African francs ($1.95), up 2.45% from the crop sold earlier this week, according to figures from the West African nation's national cocoa and coffee board, or NCCB.

It was the second rise of cocoa prices this week at the port. Cocoa supply has dwindled at the port as the ongoing main-crop cocoa harvest nears its end, traders and exporters told Dow Jones Newswires.

Write to Emmanuel Tumanjong at barcelonaeditors@dowjones.com

(END) Dow Jones Newswires

February 25, 2018 09:30 ET (14:30 GMT)

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