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Across Your Markets

Change in commodity futures prices YTD May 8, 2020: Cocoa (-4.8%); Wheat (+3.7%); Maize (-17.5%); ICE Natural gas (-55%); Gold (+12.1%); Soyabeans (-23.1%); Cotton (-18.2%); Rough rice (+27.2%); Platinum (-18.5%); Arabica coffee (-15.1%); Brent crude oil (-53.3%); Copper (-14.6%); Sugar (-23.3%);     Whilst Africa's growth in 2020 could fall to its lowest since the 2008/9 global financial crisis, the asymmetric nature of shocks facing the region, coupled with increasing investment and cross-border trade, should help the region recover speedily.

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Thursday, July 2, 2020

Edible oils and seeds

Franc Opinion – Franctrade opines on Siat’s agribusiness strategy in West/Central Africa (Courtesy: Jeune Afrique Feb 2017)

Stratégie : pourquoi Siat abandonne le palmier à huile (Par Omer Mbadi) Après avoir cédé cette branche de sa filiale gabonaise à Olam, le groupe belge s’apprête à effectuer un retrait similaire avec son entité nigériane Presco. Objectif : s’engager davantage dans l’hévéa. Branle-bas de combat à la Société d’investissement pour l’agriculture tropicale (Siat). Fin 2016,

Cameroon runs to Malaysia for clues as domestic palm oil demand grows

Franctrade understands that a delegation of agribusiness executives and officials from Cameroon’s Ministry of Agriculture recently visited Malaysia to acquire skills on how to optimise output in the oil palm sector. Cameroon has ambitions to increase palm oil output to 450,000 tonnes, from the current 270,000 by 2020. Cameroon does not produce enough palm oil

Cargill profits boosted by cocoa and chocolate products

  Demand for protein a key pillar for Cargill Agribusiness giant Cargill, part of the quartet of companies that dominate global agricultural markets, today reported financial results for the fiscal 2017 first quarter that ended on August 31, 2016. Although revenues were moderately lower compared with last year at USD 27.1 billion, operating profit rose sharply by

CDC – Cameroon’s agribusiness giant must modernise to survive

Finances looking dismal An interview with the General manager of the Cameroon Development Corporation (CDC), Mr Franklin Njie, reveals the finances of the second largest employer in Cameroon is in dismal condition. CDC employs over 22,000 staff and produces banana, rubber and palm oil for local and international markets. Low rubber prices have stymied revenues