Recent figures from the Cameroon Banana Association (Assobacam) show that in Cameroon, the three large banana producers exported 15,624 tons of bananas in June 2023, down 2,192 tons (-14%) YoY. During the period under review, state-owned agribusiness firm Cameroon Development Corporation was the only banana producer to record an increase in its exports. According to Assobacam figures, CDC's exports reached 2,617 tons, up 34% (+667 tons) compared to the 1,950 tons it exported in June 2022.
That month, CDC also printed its best result since January. In the first three months of the year, the company’s banana exports exceeded before going below that mark. The highest figures it recorded apart from June's performance was in January when it exported 2,592 tons of bananas.
Businessincameroon.com reports how, this month, the worst banana export performer is Boh Plantations PLC, the smallest player in the local banana production market. It exported 1,060 tons of bananas, down 39% compared to the 1,707 tons it shipped to international markets during the same period a year earlier.
Cameroon-EU EPA Awards
On June 8, 2023, the European Union’s Commission announced the Cameroon-EU EPA Awards, a contest organized ‘to honor those who have taken up the challenge and are now benefiting from the EPA [economic partnership agreements] applications’.
The list of winners, especially the volume of duties saved under the EPA scheme, shows the trade agreements largely benefited the subsidiaries of multinational companies and a few large Cameroonian companies. This confirms figures from Cameroonian customs authorities.
Source: businessincameroon.com
