Infos Business of Wednesday, 8 April 2015

Source: Business in Cameroon

Egg prices in the north witness sharp decline

In many cities, key consumers of eggs have been able to save 200 to 400 FCFA on a crate of eggs for several weeks now due to the decline in the cost of eggs.

This downturn in egg prices is even more significant in the west region, the main production basin which provides 40% of the country’s supply.

West region farmers have indicated that the price reduction is due to a cut in exports to countries such as the Central African Republic which is facing a political crisis and Chad. Transporters are also afraid to cross the Extreme-North region where rebels of the Nigerian sect, Boko Haram, have been carrying out a number of murderous attacks.

However, insecurity at the borders with the Central African Republic and Chad are not the only reasons for the decline in prices on the Cameroonian market.

According to farmers, another contributing factor to the drop is the gradual increase in egg production, since 2013. An example is the expansion of an egg production complex in Baleng which is intended to increase national production from 142.6 million to 251.2 million eggs per annum.