Cheques of about FCFA 1 billion have been handed over to some certified cocoa producers in Cameroon for the 2015-2016 season which closed in July. These premiums were handed over by Telcar Cocoa, the Cameroonian trader owned by the firm Cargill, distributed on 7 September 2016 in Obala, Yaoundé.
This is not the first time this is happening, apart from the fact that this year’s premiums were more huge than those of the previous two years. The very first was on 4 September 2014, where a little over FCfa 104 million in premiums were distributed to 500 certified cocoa producers in Muyuka, in the South-West region. In Kumba, still in the same region of Cameroon, 5,000 certified cocoa producers received cheques amounting to FCfa 400 million in total. This was on 23 September 2015.
In addition to this year’s premiums it’s therefore obvious that the local trader of Cargill has paid the overall total of FCfa 1.5 billion bonuses to certified cocoa producers.
Source: Business in Cameroon