Cameroon cuts rice prices following import deal with India
The Cameroonian Ministry of Commerce announced yesterday a significant reduction in rice prices effective Friday. This price adjustment follows the arrival of a portion of the 190,000 metric tons of rice negotiated with India. The minister, Luc Magloire Mbarga Atangana, detailed that the price for a 50 kg bag of Indian broken rice (with 25% and 5% breakage) will decrease by CFA70 to CFA90 per kilogram in the cities of Yaoundé and Douala. The revised prices set the 25% broken variety at CFA22,250 in Douala (CFA445/kg) and CFA23,000 in Yaoundé (CFA460/kg). The 5% broken rice is now priced at CFA23,500 in Douala (CFA470/kg) and CFA24,000 in Yaoundé (CFA480/kg).
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