End of year festivities: Market supply to be stabilised

Economic operators in the country have agreed to improve market supply and prevent inflation of prices during the end of year festivities.

The economic operators made this declaration on 5th November 2014 during a meeting with officials from the Ministry of Trade.

During the meeting chaired by the Minister of Trade, Luc Magloire Mbarga Atangana, participants evaluated the market situation of the country and disclosed measures set up to ensure a shortage/inflation-free December.

Reports from the Ministry of Livestock, Fisheries and Animal Industries (MINEPIA) revealed that the supply of beef, pork and chicken will increase, especially with the arrival of four millions fowls in the market as from 21st December 2014.

Those operating in the rice and cereal sector reaffirmed a steady supply with 70.000 tons of rice already in stock within the country.

They however noted that a delay at the port in Douala may incur additional costs.

Businessmen operating in the fish sector disclosed the availability of 1500 tons of fish and the arrival of over 10.000 tons in the days ahead.

They also hoped for favourable conditions at the port in Douala.

Domestic gas and fuel suppliers mentioned the availability of 2000 tons of gas per week together with a constant supply of fuel, irrespective of the overcrowded port.

The Consumer Products Supply Regulation Mission (MIRAP) mentioned that close to 470 companies will take part in their promotional sales and hoped for the decongestion of the Doula port; a move at easing their activities.

The General Manager of the Port Authority of Douala, Emmanuel Etoundi Oyono dispelled participants’ fears and unveiled ongoing measures to ease port-related operations.

At the end of the meeting, Minister Luc Magloire Mbarga Atangana set up a committee to follow-up all actors in the sectors towards the effective implementation of resolutions.