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The “Invest in Cameroon” website reported on March 17 that since March 16, the price of a 50-kilogram bag of flour in the Cameroonian market has risen from 19,000 CFA francs ($34) to 24,000 CFA francs ($43).
), the unit price of a 200-gram baguette has risen from 125 CFA francs to 150 CFA francs, and the portion has been reduced .
The price increase has been approved by Cameroon's commerce minister, flour mills and bakers said .
Since the outbreak of the Russian-Ukrainian conflict at the end of February, global wheat prices have skyrocketed (up 65% year-on-year) and continue to rise .
The Cameroonian Ministry of Commerce has struggled for months to rein in rising commodity prices as international raw material prices and ocean freight rates soar .
), the unit price of a 200-gram baguette has risen from 125 CFA francs to 150 CFA francs, and the portion has been reduced .
The price increase has been approved by Cameroon's commerce minister, flour mills and bakers said .
Since the outbreak of the Russian-Ukrainian conflict at the end of February, global wheat prices have skyrocketed (up 65% year-on-year) and continue to rise .
The Cameroonian Ministry of Commerce has struggled for months to rein in rising commodity prices as international raw material prices and ocean freight rates soar .
In addition to flour, steel, cement, fishery products are also rising
.
Since the Covid-19 pandemic, China has reduced its steel exports to ensure supply for the domestic market.
Cameroonian steel bar producers have turned to Russia and Ukraine to import billets, which account for 70% of total imports
.
The 10% increase in the market price of this raw material since Russia started bombing Ukraine will lead to higher production costs for processed steel products
.
If the conflict intensifies, the cost will increase further
.
.
Since the Covid-19 pandemic, China has reduced its steel exports to ensure supply for the domestic market.
Cameroonian steel bar producers have turned to Russia and Ukraine to import billets, which account for 70% of total imports
.
The 10% increase in the market price of this raw material since Russia started bombing Ukraine will lead to higher production costs for processed steel products
.
If the conflict intensifies, the cost will increase further
.
