Cameroon to import 35,000 tons of sugar to cover deficit

The Cameroonian government has authorized the import ation of 35,000 tons of sugar to cover a deficit in local production.

At the end of consultations with operators of the sugar industry, the Minister for Finance and Budget, Pierre Titi, announced that the consignment would be tax exempt.

Cameroon has for the past three months been hit by a serious shortage of sugar following difficulties facing the main sugar company, SOSUCAM, which produces 60%
of the local consumption and has a monopoly on the local market.

The price of a kilogram of sugar has gone up from 550 FCFA to 800 FCFA in the crisis.

source: africanmanager