MARKET INFORMATION AND PRICE INSTABILITY: AN INSIGHT INTO VEGETABLE MARKETS IN SENEGAL
Market gardening has been increasing rapidly in Senegal, but farmers face high marketing risks. Daily price fluctuations often exceed 20% for some products, the seasonality of supply is strong and price anticipation leads to cyclic movements. Farmers and market operators have found various forms of coordination to manage uncertainty. Coxers are specifically dedicated to gather information, either in rural or urban wholesale markets or to negotiate transport. Paid per unit handled, they limit their own risk, whereas they reduce uncertainty for their partners. In other cases, interlinked transactions provide inputs to producers in the absence of any other source of credit while simultaneously securing merchants access to the product. As is the case in many other countries, information provided by MIS is of little help to Senegalese market gardeners. While updated and more targeted information provided through MANOBI services allows producers to improve their negotiation capacity, it does not influence existing coordination features, given that they are not only determined by information needs, but also by social links, access to credit, payment modalities, transport facilities, etc.
David-Benz, H., Wade, I. and Egg, J. (2006). MARKET INFORMATION AND PRICE INSTABILITY: AN INSIGHT INTO VEGETABLE MARKETS IN SENEGAL. Acta Hortic. 699, 131-142
horticulture, price analysis, market instability, information, transaction cost