Compagnie Fruitière dominates 80% of Cameroon’s banana exports by end of April 2024

Cameroon exported 68,874 tons of bananas in the first four months of 2024, data from the Cameroon Banana Association shows. French agro-industrial group Compagnie Fruitière led the exports with its two subsidiaries: Plantations du HautPenja (PHP) and the newcomer Compagnie des Bananes de Mondoni (CDBM) launched in June 2023. According to Assobacam figures, these two companies alone exported 54,912 tons of bananas from January to April 2024, comprising 79.7% of total banana exports. PHP exported 51,395 tons, claiming 74.6% market share, while CDBM exported 3,517 tons, holding 5.1% market share. Beyond exports, Compagnie Fruitière’s influence in Cameroon extends to technical…