Cocoa prices in Cameroon are surging as farmers in the biggest producing regions flee an escalating conflict between government forces and a movement that wants independence for English-speaking territories.
Producer pay in the world’s fifth-biggest cocoa grower jumped by more than two-fifths in the week through July 3, compared with the previous seven days, according to figures from the Cameroon National Association of Cocoa and Coffee Producers. The disruption of farming activities in the Northwest and Southwest regions exacerbate a decline in output from the smaller mid-crop, Michael Ndoping, director general of the National Cocoa and Coffee Board, said by phone Wednesday from the economic capital, Douala.
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