The new building of the city hall of the Cameroonian capital will house, on November 8, 2017, the festivities (exhibition, conference, etc.) marking the 2017 edition of Festicacao, the international festival of Cameroonian cocoa, supervised by the Ministry of Trade.
Based on the theme “Cameroonian cocoa: beyond the crisis … excellence”, this event takes place in a context marked by the drastic fall in prices on the edge of the field, following the global overproduction.
In order not to discourage local producers, the Cameroonian authorities decided, at the launch of the 2017-2018 cocoa season, to reduce by 50% the export levies on beans so that exporters, in turn, could pay back comfortable prices to producers.
Moreover, the Cameroonian government has not only decided to introduce a quality premium for cocoa, which will be paid to farmers producing good-quality beans, which could obtain more profitable prices on the market; but also to encourage producers to process their beans, to create added value.