Cameroon Agribusiness Report Q2 2016
BMI View: Cocoa remains Cameroon's most important cash crop. We hold a bullish view on the country'scocoa production as it has ample room for growth and an increasingly stable access to export markets.
Over the remainder of our forecast period to 2018/19 we believe improved production techniques will givecocoa farmers new opportunities to sell greater quantities of beans on international markets. More broadly,we see growth in the production and consumption of all key soft commodities in Cameroon, including sugarand coffee. Increasing government will help to maintain investment and growth in these crops.
Corn production growth 2014/15 to 2019/20: 31.9% to 2.1mn tonnes. Corn is Cameroon's mostsignificant grain crop and a major food staple in the country. Production will continue to see solid growthout to 2020 on the back of increased investment, relatively high prices and the growing use of improvedseeds.
Cocoa production growth 2014/15 to 2019/20: 53.9% to 346,200 tonnes. Cocoa is the most importantcash crop in Cameroon, the world's fifth largest producer. We hold a bullish view on the country's cocoaproduction as it has ample room for growth and an increasingly stable access to export markets.Meanwhile, we expect household demand for cocoa to increase dramatically yet consistently over ourforecast period.
2016 real GDP growth: 6.6% (up from 5.6% in 2015).
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