Cameroon Agribusiness Q4 2018
Our view of Cameroon's agribusiness sector remains largely positive. In the sugar sector, we have seen a significantpolitical development that has injected upside risk to our output forecast in the form of a suspension on sugar imports by theCameroonian government until further notice. This is an attempt to minimise the damage to profits of the country's monopolyproducer, the Sugar Society of Cameroon (SOSUCAM). More broadly, we see growth in the production and consumption of all keysoft commodities in Cameroon, including sugar and coffee (with the exception of cocoa demand, which we forecast to remain flatthrough to 2022). Increasing government support and the ratification of the new trade deal with the EU will help to maintaininvestment and growth in these crops. In terms of our five-year production growth forecasts, we expect cocoa to outperform theCameroonian agricultural complex, while in terms of consumption, we forecast corn and sugar to outperform.
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