Algerian Madar Seeks Cocoa and Coffee Suppliers in Cameroon

Current News Algerian company Madar, a major player in the agri-food sector, has recently announced its search for cocoa and coffee suppliers in Cameroon. This initiative highlights the increasing importance of the Cameroonian market in the cocoa and coffee sector and could open new opportunities for local producers (source: Investir au Cameroun).

Golden Beans/ICE/ONCC Prices Current product prices are as follows: £4120/T for cocoa on the ICE London market, with a 1.43% increase (source: ICE). In Cameroon, cocoa bean prices are 3071 FCFA/KG FOB according to ONCC, while arabica coffee is at 4086 FCFA/KG FOB, with a significant decrease of 24.84% for arabica and an increase of 101.38% for robusta, which is trading at 4086 FCFA/KG FOB (source: ONCC).

West Africa / Cameroon Cameroon continues to play a key role in the cocoa sector in West Africa. The collaboration between Cameroon and Côte d'Ivoire, which has recently been strengthened, aims to improve the quality and sustainability of cocoa production in the region (source: Journalducameroun.com). By 2025, raw cocoa is expected to become the leading source of foreign exchange for Cameroon, even surpassing oil (source: La Tribune).

Derivatives or Coffee Regarding derivatives, cocoa butter and cocoa mass are also of interest. The cocoa butter market has seen a price decline, which could influence local production. Cameroonian processors must adapt to these fluctuations to remain competitive in the international market.

EUDR/Regulation Document preparation to meet the requirements of the EU Deforestation Regulation (EUDR) is underway. While Cameroon is not yet compliant, local producers are encouraged to prepare to meet future market requirements (source: ONCC). It is crucial for cocoa and coffee exporters to ensure that their production practices meet sustainability standards to access European markets.

In conclusion, Madar's search for suppliers underscores the growing importance of Cameroon in the cocoa and coffee sector. Local producers must prepare to meet international market requirements while maintaining product quality.