Cameroon’s cocoa market has witnessed a sharp price hike over the past two weeks, according to data from the Supply Chain Information System (SIF). On November 25, 2024, cocoa bean prices at Douala port ranged between CFA4,000 and CFA4,200 per kilogram. This represents a significant increase of CFA400 to CFA450 compared to November 8, when prices were in the range of CFA3,400 to CFA3,750.
Managed by the National Cocoa and Coffee Board (ONCC), the SIF plays a critical role in empowering cocoa farmers by providing real-time price transparency, enabling them to negotiate better deals with buyers.
Despite the recent price surge, cocoa prices during the 2024–2025 harvest season, which began in August 2024, remain lower than the record-breaking 2023–2024 season. Last year, cocoa prices reached an unprecedented peak of CFA6,000 per kilogram, setting a global benchmark.
Cocoa remains a cornerstone of Cameroon’s economy. In 2023, the country exported 180,095 tons of raw cocoa beans, earning over CFA359 billion, as reported by the National Institute of Statistics (INS). While this figure represents a 55,445-ton decline from 2022, cocoa still accounted for 12% of the nation’s total export revenue in 2023.
With prices rising again, the spotlight remains on the cocoa sector as farmers and exporters navigate a dynamic market.
