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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--More Cameroonian cocoa was ground locally in the just-ended 2011-2012 season, government data published Wednesday showed.
A total of 29,924 metric tons of cocoa beans were crushed in Cameroon during the period, up 5% from 28,413 tons in the 2010-2011 season, according to data published Wednesday.
The bulk -- 28,556 tons -- of the cocoa was bought by the Cameroon branch of Switzerland-based Barry Callebaut AG (BARN.EB) during the season.
Known locally as Societe Industrielle Camerounaise, or Sic Cacao SA, the firm is Cameroon's lone certified industrial crusher for chocolate and other byproducts, with an annual grinding capacity of 30,000 tons.
The Swiss company owns 70% of Sic Cacao, while the Cameroon government holds the remaining 30%.
Separately, South African firm Tiger Brand Ltd.'s (TBS.JO) local affiliate Chococam bought 1,347 tons of the crop during the season.
-Write to Emmanuel Tumanjong at tnuel@yahoo.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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