Southwest cocoa sales slump 40% yoy amid insecurity and smuggling to Nigeria

The Southwest region of Cameroon only accounted for 21.17% of the volume of cocoa beans acquired in the production basins during the 2022-23 season. Compared to the previous campaign, the region saw its contribution decline by 40%, according to data provided by the National Cocoa Coffee Board ONCC. The reasons for this significant drop were not explained but they may be the consequences of the ongoing crisis in this Anglophone region. Indeed, to escape the insecurity in Cameroon’s two Anglophone regions (Southwest and Northwest), traditional traders such as Telcar Cocoa have had to relocate some of their activities. In 2021-22,…