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A scoping study on the functioning of commodity markets

A scoping study on the functioning of commodity markets

Burnett, Duncan and Greenhalgh, Peter (2000) A scoping study on the functioning of commodity markets. Discussion Paper. Natural Resources Institute, Chatham, UK.

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Commodity production, whether for export or for domestic and subsistence consumption, plays a dominant role in sustaining the livelihoods of many millions of small producers throughout the developing world, as well as greatly influencing the incomes received by intermediaries, processors and governments. Over the past fifteen years, the liberalisation of commodity markets in many countries has had a major impact on smallholder operations and created many new challenges. While market liberalisation and the associated new international policy environment has created many opportunities for commodity sector participants, the price and financial risks have increased and new systems are needed to reduce the severe constraints to smallholder development and improve their livelihoods. Extensive research has shown that in many countries there is still relatively little understanding of the new marketing conditions and problems faced by smallholder commodity producers and intermediaries. The major objectives of this scoping study are: a) to identify the opportunities and constraints created by the liberalisation and globalisation of commodity markets, particularly for the smallholder sector (Part 1 ); (b) to provide an initial assessment of possible options and solutions to overcome these marketing constraints within the current international policy environment and thus improve the functioning of markets (Part 2); (c) to outline areas and strategies for possible future work aimed at improving the functioning of markets in favour of smallholders and, thus, improving their livelihoods.

Item Type: Monograph (Discussion Paper)
Uncontrolled Keywords: commodity market, liberalisation, globalisation, constraints, impact, market function, commodity production
Faculty / School / Research Centre / Research Group: Faculty of Engineering & Science > Natural Resources Institute
Faculty of Engineering & Science > Natural Resources Institute > Food & Markets Department
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Last Modified: 19 Nov 2019 10:46

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