Plantations du Haut Penja (PHP), the local subsidiary of French group Compagnie fruitière de Marseille, exported 42,977 tons of bananas between January and March 2023. Indeed, PHP alone contributed to 80.3% of the overall 53,513 tons of bananas shipped from Cameroon in Q1 2023.
Over the same period last year, the company accounted for 85.3% of banana exports in the country and also dominated the market, despite the return of state-owned Cameroon Development Corporation (CDC), the former market leader. As a reminder, the public company had to suspend its activities between September 2018 and June 2020, due to the crisis in the NoSo regions, where it has all of its plantations.
Although since its return to the market, CDC has seen its export volumes up (from 4,541 tons in Q1 2022 to 7,289 tons, for example), the company continues to suffer the impacts of the crisis. On February 10, five CDC employees died when separatists ambushed their truck.