The Ministry of Foreign Trade unveiled on Thursday December 5, 2024 the trend in the basic values of mining products, as well as the average prices of agricultural and forestry products on the markets at the end of the year. According to the National Mercurial Commission of the Ministry of Foreign Trade, these data concern the week of December 2 to 7 of the current year.
Regarding mining products, compared to the previous week (from November 25 to 30, 2024), the trend is downward: the prices of copper are 0.24% and Tin at 0.69%. And for other raw materials, the price trend is upward.
• Copper ($/T) 8,924.05 – 8,902.55 (downward trend);
• Cobalt ($/T) 24,049.00 – 24,050.00 (uptrend);
• Zinc ($/T) 2,949.05 – 3,030.25 (upward trend);
• Tin ($/T) 29,060.00 – 28,859.00 (downward trend);
• Gold ($/gr) 83.78 – 85.86 (upward trend);
• Silver ($/gr) 0.99 – 1.00 (upward trend)
• Tantalum ($/Kg) 226.80 – 227.00 (upward trend)
Furthermore, the average prices of agricultural and small forest products for the period from December 2 to 7, 2024 to the previous period from November 25 to 30, 2024, are generally stable. The costs of robusta and rubber coffee are falling while the costs of arabica and cocoa coffee are increasing.
• Robusta coffee ($/kg) 5.41 – 5.11 (downward trend);
• Arabica coffee ($/kg) 5.54 – 6.00 (upward trend);
-• Cocoa ($/kg) 8.59 – 9.21 (upward trend);
• Rubber ($/kg) 1.12 – 1.10 (downward trend);
• Papain (€/Kg) 22.92 – 22.92 (stable trend);
• Cinchona bark (€/Kg) 1.62 – 1.62 (stable trend);
• Totaquina powder (€/Kg) 57.00 – 57.00 (stable trend);
• Quinin salt (€/Kg) 96.90 – 96.90 (stable trend);
• Rauwolfia (€/Kg) 1.62 – 1.62 (stable trend).
The National Commission for Mercurial Prices for Exported Products, a department within the Ministry of Foreign Trade, was established by Order 89-288 of November 9, 1989 creating the National Commission for Mercurial Prices for Products Exported by the Republic of Zaire currently Democratic Republic of Congo. The Commission’s mission is to develop and publish price lists for all market products exported by the Democratic Republic of Congo.
The market prices published by the Commission lay down the minimum sales prices abroad for market products exported by the Democratic Republic of Congo. To this end, the Commission is called upon to take into account all relevant economic parameters in setting the prices of each of the products concerned. The minimum prices thus set by the Commission are automatically considered by the Congolese Control Office as “reference prices” in its mission to control exports from the Democratic Republic of Congo. These prices are subject to readjustment whenever there is a significant fluctuation in prices on the markets for each of the exported products.
Clement Muamba
