Economic news: Rising prices of agricultural and forestry products in the DRC on international markets
The Democratic Republic of Congo (DRC) is experiencing a positive trend in the export of its agricultural and forestry products to international markets. According to projections by the National Commission of Mercurial Prices of the Ministry of Foreign Trade, several products record a price increase for the week from September 4 to 9, 2023.
Robusta coffee, for example, is expected to see its price rise from $2.43 per kilogram to $2.50, showing a slight increase. Similarly, Arabica coffee, cocoa, papain, cinchona bark, totaquina powder, quinine salt, and rauwolfia are also experiencing respective price increases from $2.48 to $2.35 per kilogram, $1.90 to $1.92 per kilogram, $16.17 to $16.35 per kilogram, $1.88 to $1.90 per kilogram, $55.20 to $55.80 per kilogram, from 93.84 USD to 94.86 USD per kilogram and from 1.56 USD to 1.58 USD per kilogram.
However, it should be noted that the price of rubber remains stable in international markets, remaining at 0.76 USD per kilogram.
These price trends reflect the quality of agricultural and forestry products from the DRC, which makes them attractive products on the international market. This upward trend is good news for the country’s economy, which can thus benefit from its natural resources and strengthen its foreign trade.
It is essential to continue to promote and support the agricultural and forestry sector in the DRC, by investing in infrastructure, farmer training, research and development, in order to guarantee sustainable growth and increased competitiveness in international markets.
In conclusion, the DRC observes an increase in the prices of its agricultural and forestry products on the international markets, which testifies to the quality of these products and the attractiveness of the DRC as a supplier on the world market. This positive trend is encouraging for the country’s economy and highlights the importance of continuing to support the agriculture and forestry sector to ensure sustainable economic growth.