Dry season raises cocoa prices

The “overall situation has been improving in farming areas this January.” This was Commodafrica’s finding for the cocoa season at the start of the dry season.

Indeed, due to the accessibility of some roads, “the competition among buyers is fiercer, which supports prices suggested by cocoa farmers.”

In the city of Kumba, for example, where the south-west’s largest production zone is located, a kilo of cocoa beans is now sold for 1,220 FCFA. This price explosion is no doubt due to the on-going paving of the 100 km stretch of road between Kumba and Mamfé.

Apart from the improvement in the prices caused by the dry season, the quality of cocoa beans in the world’s 5th cocoa producer has also been improving since the start of the season in August 2014. This is finding of producers and exporters, according to Commodafrica.