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Name | Symbol | Market | Type |
---|---|---|---|
Tiger Brands Ltd New (PK) | USOTC:TBLMY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.82 | 10.65 | 11.34 | 0.00 | 01:00:00 |
By Emmanuel Tumanjong
YAOUNDE, Cameroon--Cameroon's two main industrial crushers bought more cocoa beans from August through April than they did over the same nine-month period last year, figures from the National Cocoa and Coffee Board showed Wednesday.
The NCCB report showed that the two crushers--Chococam and the Cameroon unit of Barry Callebaut AG (BARN.EB)--have bought 27,512 tons of cocoa beans, up from 26,423 tons last year. Cameroon's cocoa season runs from August to July.
Chococam is majority owned by Tiger Brands Ltd (TBS.JO) of South Africa, and Barry Callebaut is represented locally by Societe Industrielle Camerounaise, or Sic Cacao S.A.. The Swiss firm owns 70% of stakes, with the remaining 30% held by the Cameroon government.
Sic Cacao's April cocoa intake for April was 26 tons of beans, down from 98 tons in April 2012. Chococam bought 124 tons of beans this April. It didn't buy any of the crop in April last year.
In the 2011-12 cocoa season, Sic Cacao and Chococam processed 29,924 tons of cocoa.
They bought 28,413 tons of cocoa beans for processing in the 2010-11 season, according to government data.
Chocolate, cocoa powder, cocoa cake and liquor produced by Sic Cacao is marketed mainly in Cameroon and its five neighboring countries in the Economic Community of Central African States.
Cameroon's cocoa output in the 2011-12 season was 210,034 tons, down from a record 240,000 tons in the 2010-11 season, according to industry and government figures.
Write to Emmanuel Tumanjong at realtimedesklondon@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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