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In the second quarter, the prices of agricultural products exported by CEMAC countries fell

 Last Update: 2023-01-05
 Source: Internet
 Author: User

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The "Invest Cameroon" website reported on November 2 that the Central African National Bank (Beac) recently released the Composite Index of Basic Commodity Prices (ICCPB), showing that the export prices of agricultural products from the six countries of the Central African Economic Community (CEMAC) fell by 3.
5% in the second quarter after increasing by 1.
9%
in the first quarter of 2022.

The BEAC report showed that the export prices of sugar, cocoa and coffee fell the most, -7.
5%, -4.
5% and -2.
0% respectively, while the prices of cotton, meat, palm oil and rice increased
to varying degrees.
The decline in export prices of sugar, cocoa and coffee can be attributed to the increase
in product inventories.

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