The prices of the main raw materials exported by the member countries of the West African Economic and Monetary Union (UEMOA) experienced mixed trends at the end of December 2021, according to data from the Central Bank of West African States. West (BCEAO) based in Dakar.
According to the services of this issuing institute, it was noted during this period an increase in the prices of certain raw materials exported by the UEMO countries such as coffee (+60.6%), cotton (+41.8 %) and rubber (+31.6%). On the other hand, declines were recorded in the cashew nut (-10.5%), gold (-3.6%) and cocoa (-0.8%) markets.
As for crude oil prices on international markets (average WTI, BRENT, DUBAI), expressed in US dollars, they increased by 49.8% over one year.
With regard to foodstuffs, the BCEAO reports that the price index on the international markets for products imported by WAEMU increased by 30.2% over one year. The main products behind this increase are oils (+51.8%), sugar (+43.9%), wheat (+41.6%) and rice (+22.1%).
