Following stakeholders’ prioritization of rainfall and commodity price volatility as the top risks affecting the agricultural sector of Cabo Verde, a feasibility study for investments in measures to reduce market price volatility was launched by PARM in collaboration with NEPAD and the Government of Cabo Verde.
The study analyzes: (a) the relations among actors in agricultural value chain, (b) the financing systems and opportunities, (c) the structure of the agricultural sector and organizational capacities of the actors, (d) the agricultural services provision by the public, private and cooperatives, (e) the quality criteria for commodity processing, (f) the mechanisms to access agricultural credit and (g) the available supportive measures.
Based on the findings in the areas outlined above, the study proposes a list of actions to reduce the market price volatility in Cabo Verde. It also presents a five-year work plan to serve as an operational framework for implementing the proposed actions.
Ministry of Agriculture and the Environment
PARM (2017). Reducing market price volatility to improve the resilience of agricultural producers in Cabo Verde (R.K. Amoussou and R. Capocchini). Rome: PARM/IFAD. Available at: http://p4arm.org/document/reducing-market-price-volatility-to-improve-the-resilience-of-agricultural-producers-in-cabo-verde/