Business News of Monday, 19 September 2016Source: cameroon-tribune.cmCDC to get interested in maize, cassava and pepperDrop in rubber and palm oil prices leads CDC to get interested in maize, cassava and pepperCameroon Development Corporation (CDC), a public agro-industrial company operating oil palm and rubber tree plantations in the South-West region of the country, should soon move into the production of maize, cassava or pepper. The top management of this company, 2nd employer in the country after the State, has just been instructed as such by the Board of CDC. Maize, cassava and pepper are put forward as part of the diversification of CDC’s production because, as underlined by the communiqué issued at the end of this board meeting which occurred on 9 and 10 August, these products not only have “a short season”, but also have a “direct profitability”. This choice, we learned, should enable CDC to quickly sort out its cash flow, which is currently in “a critical condition”. This, as highlighted by the Board, because of the sudden drop in the international prices for rubber and in palm oil prices on the local market.

Source: CameroonWeb September 19, 2016 08:43 UTC