(Business in Cameroon) - During an extraordinary session of the control chain of palm oil (CRFHP) held in the Conference room of the Ministry of Commerce, palm oil producers declared that they are planning to raise the price of a kg of crude from CFAF 450 to 550. To justify this request for price increase, producers rely on their willingness to invest, changes in the cost structure, especially in relation to electrical energy, as well as being the commodity on the international market. Still, if the inclinations of producers are legitimate, it is very likely that an increase in the price of palm oil is not going to be unanimous and will affect the refined palm oil and laundry soap. The refined palm oil will increase from CFAF 1,200 to 1,416 kg and household 400 g soap from CFAF 375 to 385 a tablet. Associations for the protection of consumers, already aware of this potential increase, denounce this situation given its unpredictable consequences in Cameroon and the sub-regional, as well as the lives of millions of households. Government continues to play the referees. Insofar since February 2008, government has raised the selling price of crude palm oil from CFAF 300 to 450 per kg at the benefit of producers, and wants to maintain the current prices.

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