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Across Your Markets

Change in commodity futures prices in 2018: Cocoa (+28%); Wheat (+17.9%); Maize (+6.9%); Natural gas (-0.4%); Gold (-2.1%); Soyabeans (-2.1%); Cotton (-8.2%); Rough rice (-13.6%); Platinum (-14.8%); Arabica coffee (-19.3%); Brent crude oil (-19.6%); Copper (-20.3%); Sugar (-20.3%);     LafargeHolcim is expanding cement production capacity in Cameroon to 2.1million tonnes from 1.6 million tonnes to compete more aggressively with Dangote which plans to boost capacity to 3 million tonnes within 3 years

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Wednesday, April 24, 2019

Cameroon

Against a battered market – Russia and Norway hold hands around Cameroon’s LNG project

Ahead of 2017/18 The Russian gas giant Gazprom has signed an 8-year contract with Pegasus shipping to charter a ‘clean energy’ vessel that will mainly be used to transport volumes from Cameroon’s liquid natural gas (LNG) project, slated to come on-stream by mid-2017. This follows Gazprom’s partnership with the National Hydrocarbon Company of Cameroon (SNH)

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

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

Cocoa market investors must revisit portfolios after prices fall sharply in New York

FrancTrade view: Investors, financial market participants and other stakeholders exposed to the cocoa sector are advised to revisit their portfolios after today’s sizeable decline in cocoa prices on the New York exchange. Prices fall 4% on Friday Cocoa futures quoted on the New York exchange have fallen to their lowest level in 7 months. The December

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