{"id":23194,"date":"2025-09-11T13:20:50","date_gmt":"2025-09-11T13:20:50","guid":{"rendered":"https:\/\/www.selinawamucii.com\/news\/?p=23194"},"modified":"2025-09-11T13:27:01","modified_gmt":"2025-09-11T13:27:01","slug":"region-beating-cocoa-prices-in-cameroon-defy-global-slide","status":"publish","type":"post","link":"https:\/\/www.selinawamucii.com\/news\/2025\/09\/11\/region-beating-cocoa-prices-in-cameroon-defy-global-slide\/","title":{"rendered":"Region-beating cocoa prices in Cameroon defy global slide"},"content":{"rendered":"\n<p>Cameroon is topping regional\u00a0<a href=\"https:\/\/www.selinawamucii.com\/insights\/prices\/cameroon\/cocoa-beans\/\"><u>cocoa bean prices<\/u><\/a>\u00a0at 5,000 CFA Francs ($8.59) a kg in exchanges, despite a worldwide slump.<\/p>\n\n\n\n<p>According to a Cocoaradar report, the nation pays better rates than neighbors Ivory Coast, Nigeria and Ghana.<\/p>\n\n\n\n<p>The National Cocoa and Coffee Board (<a href=\"https:\/\/www.oncc.cm\/prices\"><u>ONCC<\/u><\/a>) meanwhile reported the export price at 3,890 CFA Francs ($6.68) a kg on September 10, 2025.<\/p>\n\n\n\n<p>In its part, the FOB (Free-on-Board) price averaged 3,801 CFA Francs ($6.53) a kg, indicating high grower earnings.<\/p>\n\n\n\n<p>These strong rates come despite a 2024-25 cocoa harvest increase in Cameroon by 42,808 tonnes annually, to 309,518 tonnes.&nbsp;<\/p>\n\n\n\n<p>Uptick exports replenishing global shortages have made Cameroon\u2019s farmers \u201c<a href=\"https:\/\/cameroonnewsagency.com\/cameroon-has-highest-cocoa-prices-in-west-africa\/\"><u>the best-paid in the world,<\/u><\/a>\u201dsaid the Minister of Commerce Mbarga Atangana.<\/p>\n\n\n\n<p>The minister related that growers generated 1.2 trillion CFA Francs ($2.061 billion) in the 2024-25 season from cocoa sales.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-regional-and-global-prices\"><strong>Regional and Global Prices<\/strong><\/h3>\n\n\n\n<p>Comparably, the 2025-26 season\u2019s rate in Ghana is 51,660 cedi (4,784) a tonne, which the Cocoa Board (COCOBOD) announced August 4, 2025.&nbsp;<\/p>\n\n\n\n<p>Globally, cocoa futures in New York and London both fell on September 10 to the highest daily price lows in a month.<\/p>\n\n\n\n<p>While New York dispensed with 3.16% day-on-day to&nbsp;<a href=\"https:\/\/businessamlive.com\/cocoa-slips-to-six-week-low-on-signs-of-stronger-output-2\/\"><u>$7,226 per tonne<\/u><\/a>&nbsp;(t), London registered a 2.04% decline, to \u00a35,045 ($6,814)\/t.<\/p>\n\n\n\n<p>The decrements follow positive production forecasts in West Africa, with Mondelex International rating regional production at 7% over the 2020-24 average.&nbsp;<\/p>\n\n\n\n<p>While the above outlook reflects the long-term market, the short-term situation remains dire: on September 8, the Intercontinental Exchange (ICE)\u2019s port inventories diminished to 2.13 million bags, the lowest in over 3 months.&nbsp;<\/p>\n\n\n\n<p>Meanwhile, major cocoa hub Ivory Coast expects its current mid-crop harvest to slide by 9% this September, to 0.4 million tonnes.<\/p>\n\n\n\n<p>Lowering global cocoa grindings in quarter 2, 2025 are also disarming due to lax demand occasioned by high prices. Asia cut grindings by 16.3%, Europe by 7.2% and the United States by 2.8%, quarter-to-quarter, as processors shun costs.&nbsp;<\/p>\n\n\n\n<p>This is why Cameroon\u2019s current price strength is particularly endearing, for both farmers and traders.<\/p>\n\n\n\n<p>One such trader is&nbsp;@celebrity_farmer,&nbsp;whose advise to farmers in Ghana has lately gone viral. He said that Cameroon witnessed cocoa bean prices soar from $1\/kg to over $12\/kg in 2024.<\/p>\n\n\n\n<p>Hence, cocoa beans are the \u201cnew gold\u201d in Cameroon, where farmers are building mansions like Nigerians in&nbsp;<a href=\" www.selinawamucii.com\/news\/2025\/01\/30\/oyo-state-in-nigeria-basks-in-cocoa-bliss\/\"><u>Oyo State<\/u><\/a>&nbsp;did in 2024. To learn more on the country\u2019s cocoa profile, skim the following statistics.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-cameroon-cocoa-statistics\"><strong>Cameroon Cocoa&nbsp;<\/strong><strong>Statistics&nbsp;<\/strong><strong><\/strong><\/h2>\n\n\n\n<p>Cameroon is one of the major cocoa-producing nations &#8211; the fifth or sixth worldwide. In 2023, its production ranked 6<sup>th<\/sup>&nbsp;globally at&nbsp;<a href=\"https:\/\/worldpopulationreview.com\/country-rankings\/cocoa-producing-countries\"><u>295,819 tonnes<\/u><\/a>, behind leaders Ivory Coast, Ghana, Indonesia, Ecuador and Brazil. The cocoa sector supports over&nbsp;<a href=\"https:\/\/www.oncc.cm\/cocoa-production-zones\"><u>500,000 citizens,&nbsp;<\/u><\/a>according to the National Cocoa and Coffee Board (ONCC). Below is a quick summary of the West African country\u2019s production &nbsp;profile in the 2019-23 period, courtesy of the&nbsp;<a href=\"#data\/QCL\"><u>FAOSTAT<\/u><\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Production Period<\/strong><\/td><td><strong>Total Harvest [tonnes]<\/strong><\/td><td><strong>Acreage [Ha]<\/strong><\/td><\/tr><tr><td>2023<\/td><td>295,819<\/td><td>598,804<\/td><\/tr><tr><td>2022<\/td><td>290,000<\/td><td>596,160<\/td><\/tr><tr><td>2021<\/td><td>295,000<\/td><td>608,385<\/td><\/tr><tr><td>2020<\/td><td>280,077<\/td><td>578,736<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Fig:&nbsp;<em>Cocoa beans production and acreage in Cameroon, 2020-24<\/em><\/figcaption><\/figure>\n\n\n\n<p><strong>Where does cocoa grow in Cameroon?<\/strong><\/p>\n\n\n\n<p>Most cocoa in&nbsp;Cameroon grows in the southwest and central regions. The southwest leads cultivation with&nbsp;<a href=\"https:\/\/www.oncc.cm\/cocoa-production-zones\"><u>43.4%&nbsp;<\/u><\/a>while the center delivers 36.81%, annually. Runners-up include the south (9.59% cultivation share), Littoral (5.87%) and the east (3.22%).&nbsp;<\/p>\n\n\n\n<p><strong>Do Cameroonians eat much chocolate<\/strong>?&nbsp;<\/p>\n\n\n\n<p>Despite its production largesse, Cameroon is not a major consumer of cocoa or chocolate. In 2022, for example, chocolate consumption averaged&nbsp;<a href=\"https:\/\/worldpopulationreview.com\/country-rankings\/which-country-eats-the-most-chocolate\"><u>0.17 g<\/u><\/a>&nbsp;per person per day, in the bottom 30 worldwide.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cameroon is topping regional\u00a0cocoa bean prices\u00a0at 5,000 CFA Francs ($8.59) a kg in exchanges, despite a worldwide slump. According to a Cocoaradar report, the nation pays better rates than neighbors Ivory Coast, Nigeria and Ghana. The National Cocoa and Coffee Board (ONCC) meanwhile reported the export price at 3,890 CFA Francs ($6.68) a kg on&#8230;<\/p>\n","protected":false},"author":3,"featured_media":23195,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v16.3 (Yoast SEO v20.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Region-beating cocoa prices in Cameroon defy global slide - Selina Wamucii | Food &amp; Agriculture News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.selinawamucii.com\/news\/2025\/09\/11\/region-beating-cocoa-prices-in-cameroon-defy-global-slide\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Region-beating cocoa prices in Cameroon defy global slide - Selina Wamucii | Food &amp; Agriculture News\" \/>\n<meta property=\"og:description\" content=\"Cameroon is topping regional\u00a0cocoa bean prices\u00a0at 5,000 CFA Francs ($8.59) a kg in exchanges, despite a worldwide slump. 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