Public Management

Cameroon Moves to Protect Cocoa Exports with New Traceability Initiative

Cameroon Moves to Protect Cocoa Exports with New Traceability Initiative
Friday, 30 August 2024 15:02

Cocoa is one of Cameroon’s main agricultural exports to Europe. With the European Union’s new deforestation law approaching, those involved in the cocoa sector are taking steps to adapt.

Cameroon’s Ministry of Commerce announced the signing on August 28 of an agreement to share geolocation data for cocoa and coffee farms. The deal was signed by the Cameroon Cocoa and Coffee Interprofessional Council (CICC) and involves six key players in the cocoa industry, including the Cocoa and Coffee Subsector Development Fund (FODECC) and traders like Telcar Cocoa, Ofi Cam, Neo Industry, Atlantic Cocoa Corporation, and Sic-Cacaos.

As part of this partnership, these companies have agreed to voluntarily share their geolocation data. This data will be used to create a "Shared Platform," which will serve as a centralized database providing a "precise and dynamic map of the sector."

The Ministry of Commerce stated that this initiative is aimed at helping Cameroon’s cocoa production meet the requirements of the EU’s new deforestation regulation (EUDR).

The EUDR, set to take effect between late December 2024 and early 2025, will ban the import of products linked to deforestation, such as cocoa, coffee, and palm oil, into EU countries.

“The Shared Platform will be managed by the CICC. The goal is to maintain European market access for small local exporters. Better traceability is expected to boost buyers’ confidence and could potentially lead to higher prices,” the statement read.

Let’s note that, about 78% of Cameroon’s cocoa exports go to Europe. Data from the National Cocoa and Coffee Board (ONCC) shows that the Central African country exported 185,613 tons of beans in the 2023-24 season.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Access Holdings to seek shareholder approval for ₦40B private placement on Dec 18 Deal aims to boost capital base amid new CBN recapitalization rules...
REGIDESO and Singapore-based EFGH signed a service framework agreement to digitalize revenue collection nationwide. The partnership will develop secure...
Cameroon prioritizes external debt to protect credit standing, delays local payments Domestic repayments to worsen in 2026 as IMF loan payback...
Government seeks CFA3104.2 billion in fresh financing for 2026 Funding need rises by CFA777.7 billion compared with last year Debt risk...
Most Read
01

S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...

S&P Raises Zambia’s Foreign-Currency Rating to CCC+
02

Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...

Anthropic Partners with Rwanda, ALX to Deploy Claude-Powered AI Learning Companion Across Africa
03

Government, ESCWA, and experts meet to shape national framework Plan aims to fight corruption, c...

Mauritania Advances Blockchain Policy to Modernize Digital Public Services
04

Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...

Tanzania’s Mobile Money Goes Global: Vodacom Partners with Visa, Alipay, and MTN
05

(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing...

MCB deploys strategic financing to Invictus Investment to scale up its agro-food operations in Africa
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.