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Market Information and Price Instability : An Insight into Vegetable Markets in Senegal

Author

Listed:
  • Hélène David-Benz

    (CIRAD ; CA ; Montpellier, France)

  • Idrissa Wade

    (INRA ; UMR MOISA ; Montpellier, France)

  • Johny Egg

    (INRA ; UMR MOISA ; Montpellier, France)

Abstract
Market gardening has been increasing fast in Senegal. But farmers face high marketing risks: daily price fluctuations exceed an average 20% for some products, seasonality is strong, anticipation based on prices leads to cyclic movements. Farmers and market operators have found various forms of coordination to manage uncertainty. “Coxers” are specifically dedicated to information gathering, either in rural or wholesale urban markets or to transport negotiation. Paid per unit handled, they limit their own risk, whereas they reduce uncertainty for their partners. In other cases, interlinked transactions permit to provide inputs to producers despite the deficient credit market; meanwhile, it secures merchants access to product. As it is the case in many other countries, information provided by MIS is of little help to Senegalese market gardeners. The updated and more targeted access to information through MANOBI services allows producers to improve their negotiation capacity. But it does not modify the existing coordination features, given that they are not only determined by needs in information (but also by social links, access to credit, payment modalities, transport facilities…).

Suggested Citation

  • Hélène David-Benz & Idrissa Wade & Johny Egg, 2005. "Market Information and Price Instability : An Insight into Vegetable Markets in Senegal," Microeconomics 0512005, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpmi:0512005
    Note: Type of Document - pdf; pages: 15
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/mic/papers/0512/0512005.pdf
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    More about this item

    Keywords

    Horticulture; Price analysis; Market instability; Information; Transaction costs;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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