During the 3rd quarter of 2020, the prices of agricultural products exported by CEMAC countries grew by 2.2%, after 1.9% in the 2nd quarter, which reveals an increase of 0.3 points quarter-on-quarter. According to the central bank, which reveals these figures, this improvement is mainly due to the prices of three products

“The largest price changes were recorded for rubber (23.6%), palm oil (22.8%) and sugar (14.6%). The recovery for rubber is explained by the tightening of supply and the recovery in China,” Beac said in a recent report

And to continue: “slight variations were observed for coffee (8.0%), cotton (6.2%), banana (1.7%), cocoa (1.3%) and zero variation for gum arabic. Negative variations were observed for beef (-4.7%), rice (-4.0%) and tobacco (-1.8%)