Cattle prices have declined significantly, often reaching 50% in some livestock markets in the northern regions of Cameroon.
In addition to the attacks of the Nigerian Islamic sect Boko Haram in the Far North of Cameroon, the three northern regions of the country also face the phenomenon of kidnappers who usually take the members of the families of the breeders and demand ransoms for their release.
Indeed, reveals L’oeil du Sahel in kiosk Monday, to be able to pay the ransoms, many breeders “are obliged to sell off their cattle to be able to pay the various ransoms that the captors demand for the release of the hostages. Faced with this reality, a cattle worth 350,000 FCFA can be sold at 200 or even 150,000 FCFA.“
Others, we learn, not to draw the attention of the captors to them, also dispose of their animals, by selling them at a low price.
This situation in which Cameroonian farmers in the northern regions are found is not the only explanation for the fall in the prices of cattle. One of the main causes raised by livestock operators is the slowdown in trade with neighboring countries such as the Central African Republic or Nigeria, due to the insecurity created at the borders by the former Seleka and the Islamists of Boko Haram.
This decline in trade resulted in an abundance of supply on the local market, causing prices to fall. At the Ngong market, for example, presented as one of the biggest livestock markets in the Northern Region, farmers have barely 200 cattle now sold per market, compared with 1000 head before.