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Prices of agricultural exports from CEMAC countries continue to rise in the second quarter of 2021

 Last Update: 2021-10-19
 Source: Internet
 Author: User

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Investing in Cameroon’s website on September 28, according to data from the Bank of Central African States (BEAC), the prices of agricultural products exported from the China-Africa Economic and Monetary Community (CEMAC) countries rose 1.
8% month-on-month in the second quarter of 2021, lower than 2.
2% in the first quarter of 2021.
The increase .
The rise in prices of agricultural products is mainly due to the pulling effect of four types of products: coffee, sugar, palm oil and cotton .
In the second quarter of 2021, coffee prices rose by 10.
0% to US$2.
89/kg, compared to US$2.
62/kg in the previous quarter, mainly due to the harsh weather of Brazil (the world’s major producer) and Colombia (the world’s third largest producer) The decline in output caused by social protests .
At the same time, sugar prices rose 8.
3% quarter-on-quarter, palm oil rose 6.
7%, and cotton rose 1.
7% .

Export agricultural prices

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