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Plantations du Haut Penja, Cameroon

More revenues to be generated from January 2022 onward, due to Fairtrade decision

In January 2022, the export prices of local banana producer Plantations du Haut Penja (PHP) are expected to increase. This increase is the result of a decision taken by Fairtrade International’s certification body to raise the minimum prices charged by banana exporters, who are members of its fair trade movement. 

In Africa itself, this decision will mainly benefit Ghana and Cameroon. In Cameroon, PHP is, since January 2013, the only one of the three local banana producers to have a Fairtrade certification that experts present as "the most demanding international trade standard."

As of January 2022, the minimum free onboard price for a Fairtrade certified operator will increase from €8.75 to 9.3 per standard boxes of 18.14 kilogram of banana. The EXW price (when the producer just delivers products and the buyer covers transport costs) will rise from €6.45 to 6.8 for the same boxes. 

Source: businessincameroon.com


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