Cameroon Port's Coffee Price Rises Amid Slow Supply -- Exporters
September 24 2017 - 10:25AM
Dow Jones News
By Emmanuel Tumanjong
YAOUNDE, Cameroon--Robusta coffee sold slightly higher at
Cameroon's chief port of Douala, owing to tiny crop entry at the
port, several exporters and traders told Dow Jones Newswires on
Sunday.
A kilogram of the beans ready for export sold for 1,023 Central
African francs ($1.86), up 2.6% from XAF997/kg the crop sold last
week, according go figures released by the West African nation's
cocoa and coffee board.
The scarcity of robusta coffee faced by the Douala port has been
triggered by days of transportation of goods to and from the port,
after a road linking it to most coffee producing localities
collapsed last weekend.
Movement of vehicles along the Yaounde-Douala highway was banned
by the county's public works minister Emmanuel Nganou Djoumessi
shortly after the incident.
The Yaounde-Douala road is an important connection to the Douala
port that is a gateway for at least 95% of goods entering and
leaving Cameroon and the neighboring Central African Republic, Chad
and Congo-Brazzaville.
"It's still hard to get coffee from the production areas to the
port right now," said Joseph Achindu, a middleman trader supplying
coffee to the port.
Write to Emmanuel Tumanjong at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
September 24, 2017 10:10 ET (14:10 GMT)
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