A new Market Information System may mitigate the impact of the COVID-19 pandemic on farm-gate prices for cashew producers in Guinea-Bissau

The economy of Guinea-Bissau is being severely hit by ruptures in the world supply chains resulting from the COVID-19 pandemic

• From: Foreign, Commonwealth & Development Office
• Published: 5 March 2021

• Country: Guinea-Bissau
• Document Type: Research Paper
• Theme: Agriculture
• First published: 16 September 2020
• Authors: Pereira, B.A., Sch盲ber, S and Schinaia, G

Abstract

The economy of Guinea-Bissau, highly dependent on the export of cashew nuts, is being severely hit by ruptures in the world supply chains resulting from the COVID-19 pandemic. The associated drop in raw cashew prices will increase poverty and food insecurity, potentially further aggravated by reduced investment capital for the subsequent agricultural season. Our introduction of the n바카라 사이트檏al么 service, a market information system, provides smallholders with weekly voice messages transmitting the most recent market updates and price tendencies. This provides cashew producers with important guidance in such uncertain times. The strong socio-economic impact of the crisis should incentivize the country바카라 사이트檚 transition towards economic diversification and in-country cashew processing.

This work is part of the Private Enterprise Development in Low Income Countries (PEDL) programme

Citation

Brais 脕lvarez Pereira, Sebastian Sch盲ber & Giulio Schinaia 바카라 사이트�바카라 사이트淎 new Market Information System may mitigate the impact of the COVID-19 pandemic on farm-gate prices for cashew producers in Guinea-Bissau바카라 사이트�바카라 사이트� PEDL C-19 Note

Link

Published 5 March 2021