Recently, according to one of the reports, it has been stated that the Cameroon government has decided in the 2016 Finance Law to reinstate a customs duty of 5% on the importation of rice. This will encourage production to supply the domestic market. However, commodity prices should not rise by knowing Trade Minister Luc Magloire Atangana Mbarga, in synergy with the economic operators of the production and distribution of mass consumer products sectors. Numerous consultations were made between the state and industry players to avoid speculation that can drive up prices.
Further, in this regard, there is a verbal speculation, because we know the available stocks and citizenship of the sector operators. We must therefore fight this verbal speculation because despite the change in status, no need to increase the price of rice, according to the Minister of Commerce. The rice needs in the Cameroon are around 450 000 tonnes a year. Local production contributes are not even half, or a little over 200,000 tons a year.