Palm Oil

The price of palm oil has dropped in markets across the nation’s capital, Yaounde. A litre of the commodity sells at FCFA 600 and FCFA 550. Some vendors who trade in this good disclosed that most of the palm oil they sell comes from the South West Region and lately due to the sociopolitical crisis in that part of the country retailers’ in the South West Region now sell at giveaway prices. A 20 litre of palm oil which sold at FCFA 16,000 now sells at 11,000. Ignasius Nyambi trader in palm oil at the Acacias market says he buys from Douala where he easily gets imported palm oil.

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