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Cameroon: Commerce Delegate Seizes Hoarded Palm Oil
calendar29-01-2008 | linkAllAfrican.com | Share This Post:

28/01/2008 (AllAfrica.com) - The Menoua Divisional Delegate of Commerce and Industries recently cracked down on palm oil dealers in Dschang.

The dealers were hoarding the product and raising its price from FCFA 550 a litre to FCFA 1,200 a litre. It is in this vein that the Divisional Delegate stormed the premises of these dealers, seized their stocked-piled oil and liquidated them at the normal market price.

The proceeds were handed to the palm oil dealers. Good as that might have been for the palm oil consumer, the question lingering on many lips is; why seize palm oil and not rice, soap, cement and other commodities whose prices have equally shot up.

Some of the palm oil dealers affected by the seizure challenged the Divisional Delegate to consider their plight in bringing palm oil to the consumer.