DJ Barry Callebaut Cameroon Buys 25,132 Tons Cocoa Aug-May-NCCB

Fri. August 07, 2009; Posted: 09:27 AM

YAOUNDE, Cameroon, Aug 07, 2009 (Dow Jones Commodities News via Comtex) -- BYCBF | Quote | Chart | News | PowerRating -- The Cameroon affiliate of Switzerland-based Barry Callebaut AG (BARN.EB) bought 25,132 metric tons of cocoa beans between August and May in the season which just ended last month, for crushing, the country's commodity watchdog has reported.

The company bought 20,028 tons of cocoa beans during the same months of the previous season, according to the statistics published this week by the watchdog, the National Cocoa and Coffee Board, or NCCB.

The lone cocoa grinder known locally as Société Industrielle Camerounaise, or Sic Cacao SA, with capacity to crush 30,000 tons of cocoa beans yearly, has Barry Callebaut as 70% shareholder, while the remaining 30% is owned by the Cameroon government.

"We bought no cocoa in May 2009, as was the case last year, because there was less cocoa in the markets [mid-crop harvest]," said a senior Sic Cacao official who declined to be named.

"Moreover, that interval gave us the time to prepare for our search for better quality cocoa beans during the main crop production period beginning in September or October," he added.

Barry Callebaut Cameroon bought 21,000 tons of cocoa beans for processing in the 2007-08 season, down from 21,865 tons in the previous season, government and industry data indicate.

-By Emmanuel Tumanjong, contributing to Dow Jones Newswires; 237 7773-1930, tnuel@yahoo.com

(END) Dow Jones Newswires

08-07-09 0927ET

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