Food Prices Set To Fall As Food Processing Vacuum Persists

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The government of Cameroon has announced that it will cut prices of essential food staples such as rice, salt and fish by up to 25% effective from July 1 2009. The measures are aimed at appeasing consumers disillusioned by the high cost of living. Although an estimated GDP per capita of US$1,364 (fairly high by regional standards) in 2008 suggests that consumers are relatively better off than many of their counterparts across West Africa, BMI points out the market for food processors continues to be bogged down considerably by the prevalence of wide income disparities. Through to 2018, BMI has