COMMODITIES AND THE AfCFTA
|
|
- Vivian Norman
- 6 years ago
- Views:
Transcription
1 COMMODITIES AND THE AfCFTA Presenter Janvier D. Nkurunziza Chief of Research and Analysis, Commodities Branch UNCTAD TRALAC Conference March 2018, Kigali (Rwanda)
2 Commodities and the AfCFTA Outline Why is commodity dependence a relevant issue for Africa s CFTA? Transmission channels of commodity dependence Challenges of Africa s trade structure Maximizing the benefits of the AfCFTA: policies Conclusion
3 Why is commodity dependence relevant for AfCFTA? Commodities and the AfCFTA Fact #1: Almost all African countries are commodity-dependent Fact #2: Commodity prices closely correlated with growth & human development in Africa Fact #3: Africa does not trade with itself Fact #4: To fully benefit from AfCFTA, need for structural change in production & trade
4 Commodities and the AfCFTA Map of commodity-dependent developing countries
5 40 Commodities and the AfCFTA Commodity prices are closely related to per capita growth in developing countries UNCTAD Non-oil Nominal Commodity Price Index and GDP per capita developing countries (annual % changes) Price index all commodities GDP per capita developing countries, right axis Correlation coefficient = 0.79
6 Commodities and the AfCFTA Commodity dependence and development Scatter plots of the Human Development Index and commodity dependence ratios,
7 Key transmission channels Commodities and the AfCFTA
8 Transmission channels Commodities and the AfCFTA
9 Commodities and the AfCFTA Terms of trade: betting on wrong horse Fiscal and monetary policy challenges Impacts at the micro level
10 Key transmission channels Commodities and the AfCFTA Terms of trade & commodity prices: betting on wrong horse
11 The terms of trade channel: betting on wrong horse 350 Commodities and the AfCFTA Commodity super-cycle Financial crisis 0 Non-oil commodities, current USD Non-oil commodities, constant USD Source : Data from UNCTADStat
12 Long-term view on commodity prices Commodities and the AfCFTA Grilly and Yang commodity price indices,
13 Jan2000 Jun2000 Nov2000 Apr2001 Sep2001 Feb2002 Jul2002 Dec2002 May2003 Oct2003 Mar2004 Aug2004 Jan2005 Jun2005 Nov2005 Apr2006 Sep2006 Feb2007 Jul2007 Dec2007 May2008 Oct2008 Mar2009 Aug2009 Jan2010 Jun2010 Nov2010 Apr2011 Sep2011 Feb2012 Jul2012 Dec2012 May2013 Oct2013 Mar2014 Aug2014 Jan2015 Jun2015 Nov2015 Apr2016 Sep2016 Feb2017 Jul2017 Commodities and the AfCFTA Recent commodity price developments 450 UNCTAD Non-Oil Commodity Price Index, January 2000-October 2017 (2000=100) Non-oil commodity All food Agricultural raw materials Minerals, ores and metals
14 Projected commodity prices in 2030 Commodities and the AfCFTA Primary food prices projected to remain at 2010 level Projected output price indices in 2030 (2010=100) Prices of non-food commodities projected to grow moderately Oil expected to register highest price increase by 2030
15 Commodities and the AfCFTA Projected production factor prices in 2030 Large differences in factor price variations across regions Projected factor prices in 2030 (2010=100) In Africa, wage of skilled labour increases more than for unskilled labour Land price increase strongest in Africa
16 Commodities and the AfCFTA Fiscal and monetary policy challenges
17 Commodities and the AfCFTA Commodity price swings affect: export earnings and taxes country budgets (e.g. break-even oil prices) Reliance on commodities associated with Dutch Disease (decline of agriculture & manufacturing) Declining commodity prices lead to: currency depreciations (Angola, Nigeria, etc.) downgrade in country sovereign ratings
18 Commodity price volatility vs Monthly price, January vs. August (% change) Recent developments in global commodity markets Gold Tin Zinc Lead Nickel Copper Aluminium Iron ore Rubber Tropical logs Cotton Tobacco Cottonseed oil Palm oil Coconut oil Soybean oil Soybeans Tea Cocoa beans Coffee Sugar Rice Maize Wheat -40% -30% -20% -10% 0% 10% 20% 30% 40% 50% 60% Jan-Aug 2017 Jan-Aug 2016
19 Commodity price trends 2017 Rubber Sugar Cottonseed oil Iron ore Coconut oil Coffee Palm oil Tobacco Soybeans Maize Cotton Cocoa beans Tin Soybean oil Rice Tea Wheat Gold Tropical logs Lead Nickel Copper Aluminium Zinc Commodities and Development Report 2017 Percentage price change of selected commodities between January and October
20 Impacts at the micro level Commodities and the AfCFTA
21 Commodities and the AfCFTA Commodity price changes directly affect households: producer prices for agricultural commodity exports food prices Indirect effects on firms and households: currency depreciation makes imports more expensive public investment and spending decline
22 Commodities and the AfCFTA Challenges posed by Africa s trade structure
23 Africa s export products Commodities and the AfCFTA Country Top 2 exports % Share Burundi Gold, coffee 72 Comoros Spices, ferrous waste 93 Djibouti Petr. Prod. & live animals 45 Eritrea Copper, fisheries 64 Ethiopia Coffee, vegetables 39 Kenya Tea, vegetables 47 Madagascar Nickel, spices 59 Malawi Tobacco, sugar 68 Mauritius Fish, sugar 69 Mozambique Aluminium, pearls, etc. 35 Rwanda Base metals, coffee 59 Seychelles Fish, petroleum oils 96 Somalia Live animals, gold 80 Country Top 2 exports % share Benin Cotton, gold 50 Burkina Faso Gold, cotton 82 Cabo Verde Fish, petroleum oils 90 Côte Ivoire Cocoa, petroleum oils 59 Gambia Forestry, fruits & nuts 64 Ghana Gold, petroleum oils 58 Guinea Al ores, petroleum oils 62 Liberia Iron ore, rubber 61 Mali Gold, cotton 91 Mauritania Iron ore, fish 66 Nigeria Petroleum, natural gas 90 Senegal Petroleum oils, fish 46 Sierra Leone Precious stones, base metals 69
24 Africa s export partners Commodities and the AfCFTA Country Top 2 partners % Share Burundi UAE, EU 62 Comoros EU, Singapore 63 Djibouti UAE, Yemen 43 Eritrea China, India 90 Ethiopia EU, Africa 40 (23+17) Kenya EU, Africa 51 (33+18) Madagascar EU, USA 52 Malawi EU, Africa 51 (42+9) Mauritius EU, Viet Nam 73 Mozambique EU, S. Africa 56 (37+19) Rwanda DRC, China 38 (22+16) Seychelles EU, Japan 78 Somalia S. Arabia, UAE 73 Country Top 2 partners % share Benin China, India 41 Burkina Faso Switzerland, India 66 Cabo Verde EU, India 89 Côte Ivoire EU, Africa 58 (42+16) Gambia China, India 71 Ghana EU, India 46 Guinea EU, India 52 Liberia EU, China 53 Mali UAE, South Africa 53 (32+21) Mauritania China, EU 62 Nigeria EU, India 52 Senegal Africa, EU 56 (32+24) Sierra Leone China, EU 93
25 Growing importance of emerging economies 80% 70% 60% 50% 40% 30% % 10% 0% Iron ore Copper Iron ore Copper Iron ore Copper China United States EU28
26 China s major role Iron ore Nickel ores Copper ores Aluminium ores Natural rubber Cotton Coal Petroleum oils, crude 0% 10% 20% 30% 40% 50% 60% 70% 80%
27 Commodities and the AfCFTA Maximizing the benefits of the AfCFTA
28 Continued reliance on commodities not winning strategy Modifying export basket: Manufactured products are more traded regionally Trading in food products Trade in services Multi-country projects for value addition (chocolate from Ghana and Côte d Ivoire?) Fostering regional value chains Commodities and the AfCFTA
29 Commodities and the AfCFTA Maximizing the benefits of the AfCFTA Diversification crucial to reduce risks associated with commodity dependence Capturing value added important to generate sustainable growth & employment to meet SDGs Investment in human capital key element for inclusive development
30 Commodities and the AfCFTA Maximizing the benefits of the AfCFTA Adopting horizontal policies to foster economic and export diversification: Monetary policy Fiscal policy Targeted policies Identifying countries comparative & competitive advantages Putting in place flexible industrial policy Learning from other developing regions (e.g. MERCOSUR)
31 Maximizing the benefits of the AfCFTA Building resilient regional economies Maximizing government revenue Pursuing industrial diversification Countercyclical fiscal policy Good governance Expanding linkages of commodity sectors with local economy to avoid enclaves Promoting inclusive growth Commodities and Development Report 2017
32 Conclusion Commodities and the AfCFTA
33 Commodities and Development Report 2017 Commodity dependence poses risks to long-term development For AfCFTA to reduce commodity dependence: restructuring production and trade building more multi-country ventures to attain scale Generating regional value chains Without these adjustments: African economies will remain locked into commodity and fail to take advantage of the AfCFTA Need to strengthen knowledge on commodities: create an Institute on Commodity Studies in Africa (ICSA)?
34 Some recent UNCTAD publications on Commodities Commodities and the AfCFTA
35 Commodities and the AfCFTA
36 Commodities and the AfCFTA
37 Commodities and the AfCFTA Thank you. Download report: mmodities-special-unit.aspx Contact:
Janvier D. Nkurunziza, Commodities Branch, UNCTAD
United Nations Conference on Trade and Development 10th MULTI-YEAR EXPERT MEETING ON COMMODITIES AND DEVELOPMENT 25-26 April 2018, Geneva Recent trends and outlook on commodity markets By Janvier D. Nkurunziza,
More informationSituation as of November 2016
Situation as of November 2016 - - The FAO/GIEWS Country Cereal Balance System (CCBS) is a database of annual supply and utilization balances for main cereals, covering all countries of the world. It has
More informationEuropean Union, Trade in goods with LDC (Least Developed Countries)
European Union, Trade in goods with LDC (Least Developed Countries) LDC (Least Developed Countries) Afghanistan, Angola, Bangladesh, Benin, Bhutan, Burkina Faso, Burundi, Cambodia, Central African Republic,
More informationFAO Statistical Initiatives in Measuring Investment in Agriculture: Global Investment dataset and Country Investment profiles
FAO Statistical Initiatives in Measuring Investment in Agriculture: Global Investment dataset and Country Investment profiles Recent advances in Economic Statistics Sangita Dubey & Erdgin Mane Statistics
More informationAgriculture in A changing world. Dr. Agnes M. Kalibata Minister of State in charge of Agriculture (Rwanda)
Agriculture in A changing world Dr. Agnes M. Kalibata Minister of State in charge of Agriculture (Rwanda) Characteristics of Agriculture in Africa Largest contributor to GDP (32%) Main source of income
More informationAfrican Export-Import Bank Afreximbank
African Export-Import Bank Afreximbank Gwen Mwaba Director Trade Finance Geneva, 2017 African Export-Import Bank Banque Africaine D Import-Export Transforming Africa s Trade Trade Finance The Trade Finance
More informationInnovation, diversification and inclusive development in Africa
JULY 2017 UNCTAD Research Paper No. 2 UNCTAD/SER.RP/2017/2 Patrick N. Osakwe (UNCTAD) and Nicole Moussa (UNCTAD) Innovation, diversification and inclusive development in Africa Abstract A key guiding principle
More information6. Africa. 6.1 Overview
6. Africa This chapter presents water and sanitation data. Urban and rural water and sanitation figures are shown by country, area or territory for both 199 and 2. Maps of current are also presented. Graphs
More informationEuropean Union, Trade in goods with ACP -- West Africa
European Union, Trade in goods with ACP -- West Africa ACP -- West Africa Benin, Burkina Faso, Cape Verde, Gambia, Ghana, Guinea, Guinea Bissau, Ivory Coast, Liberia, Mali, Mauritania, Niger, Nigeria,
More informationCommodity Market Monthly
Commodity Market Monthly Research Department, Commodities Unit May 12, 216 www.imf.org/commodities commodities@imf.org Commodity prices surged 4.7 percent in April, with gains in all main indices, and
More informationCountry CAPEXIL Description HS Codes Value Qty AFGHANISTAN TIS Asbestos cement pipes
Country-wise and Item-wise Exports of Cement, Clinkers and Asbestos Cement Products Value Rs. Lakh Quantity in '000 Unit: Kgs Source: MoC Export Import Data Bank Country CAPEXIL Description HS Codes Value
More informationBoosting youth employment in Africa: what works and why?
Boosting youth employment in Africa: what works and why? Summary and highlights of the synthesis report for the INCLUDE/MFA conference, 30 May 2017 in The Hague 1 To download the full synthesis report
More informationAfrican Development Bank Group T THE ROLE OF HUMAN CAPITAL IN MANUFACTURING VALUE ADDED DEVELOPMENT IN AFRICA
African Development Bank Group T THE ROLE OF HUMAN CAPITAL IN MANUFACTURING VALUE ADDED DEVELOPMENT IN AFRICA PROF. JOHN C. ANYANWU* LEAD RESEARCH ECONOMIST DEVELOPMENT RESEARCH DEPARTMENT AFRICAN DEVELOPMENT
More informationGlobal and Regional Food Consumer Price Inflation Monitoring
Global and Regional Food Consumer Price Inflation Monitoring October 2013 Issue 2 Global Overview Consumers at global level saw food price inflation up by 6.3 percent in the twelve months to February 2013
More informationIWRM, Agriculture and Livelihoods in Sub-Saharan Africa. Makonnen Loulseged and Matthew McCartney
IWRM, Agriculture and Livelihoods in Sub-Saharan Africa Makonnen Loulseged and Matthew McCartney http://maps.grida.no/go/graphic/global_freshwater_withdrawal_agricultural_industrial_and_domestic_use Philippe
More informationSub-Saharan Africa. Recent developments
Sub-Saharan Africa Recent developments GDP in Sub-Saharan Africa is estimated to have expanded by 4.7 percent in 2010, up from 1.7 percent in 2009. Excluding the region s largest economy, South Africa,
More informationAGRICULTURE, FOOD AND JOBS IN WEST AFRICA
AGRICULTURE, FOOD AND JOBS IN WEST AFRICA SAHEL AND Club WEST AFRICA Secretariat FOOD ECONOMY: WEST AFRICA S LARGEST EMPLOYER 66% of total employment in West Africa is in the food economy. The food economy,
More informationSTATE UNIVERSITY OF NEW YORK COLLEGE OF TECHNOLOGY CANTON, NEW YORK COURSE OUTLINE ECON 301 REGIONAL ECONOMIC DEVELOPMENT IN AFRICA
STATE UNIVERSITY OF NEW YORK COLLEGE OF TECHNOLOGY CANTON, NEW YORK COURSE OUTLINE ECON 301 REGIONAL ECONOMIC DEVELOPMENT IN AFRICA a. Central Africa b. East Africa c. North Africa d. Southern Africa e.
More informationClimate Negotiation and Intended Nationally Determined Contribution in Africa (INDC)
Climate Negotiation and Intended Nationally Determined Contribution in Africa (INDC) *Dr Labintan Adeniyi Constant & Valens Muldabigwi * Resources Economics and Climate Policy Analyst, Consultant at CEPeD
More informationRegional Collaboration Centres
Regional Collaboration Centres CLEAN DEVELOPMENT MECHANISM (CDM) TRAINING WORKSHOP Monrovia, Liberia, 23-24 September 2013 Vintura Silva Team Leader RCC Lomé UNFCCC Secretariat SDM programme Presentation
More informationInternational Trade Centre (ITC) (May 2015-April 2016) ITC s support for the New Partnership for Africa s Development (NEPAD)
International Trade Centre (ITC) (May 2015-April 2016) ITC s support for the New Partnership for Africa s Development (NEPAD) The focus of The International Trade Centre s (ITC) work corresponds to a great
More informationINVESTMENT OPPORTUNITIES AND BUSINESS IN
INVESTMENT OPPORTUNITIES AND BUSINESS IN THE AFRICAN CONTINENT World Services Group Spier Hotel, Stellenbosch, South Africa 13 October 2016 Dr Iraj Abedian PAN-AFRICAN INVESTMENT & RESEARCH SERVICES Outline
More informationAGRA Support to Seed. Augustine Langyintuo. Presented at the FARNPAN Organized seed security Network. South Africa May 2010
AGRA Support to Seed Security in Africa Augustine Langyintuo AGRA-Nairobi Presented at the FARNPAN Organized seed security Network. South Africa 20-21 May 2010 Introduction Low crop productivity in Africa
More informationBrighter economic signs lift the commodity market
Index Monthly newsletter from Swedbank s Economic Research Department by Jörgen Kennemar 2 Brighter economic signs lift the commodity market Stabilization of the global financial markets and an increased
More informationCountry profile LESOTHO
Enhanced Integrated Framework Country profile LESOTHO Enhanced Integrated Framework (EIF) for trade-related assistance for Least Developed Countries (LDCs) E IF E IF E IF E IF Enhanced Integrated Framework
More informationThe Swedish Water Footprint
The Swedish Water Footprint Introduction Sweden s demand of water is not only expressed through the water withdrawn from rivers lakes and aquifers within Sweden. Our nation is to a large extent dependent
More informationThe Role of Rice in Changing Food Consumption Patterns in West Africa. Nathalie M. Me-Nsope & John M. Staatz Michigan State University October 2013
The Role of Rice in Changing Food Consumption Patterns in West Africa Nathalie M. Me-Nsope & John M. Staatz Michigan State University October 2013 Background/Context West Africa : Changes - social and
More informationUK Trade Statistics 2015
Value ( million) Rate of exchange (GBP to USD) ORNAMENTAL AQUATIC TRADE ASSOCIATION LTD. "The Voice of the Ornamental Fish Industry" st Floor Office Suite, Wessex House 4 Station Road, Westbury, Wiltshire
More informationGlobal Food Security Index
Global Food Security Index Sponsored by 26 September 2012 Agenda Overview Methodology Overall results Results for India Website 2 Overview The Economist Intelligence Unit was commissioned by DuPont to
More informationSUMMARY. Lucien Manga 1, Magaran Bagayoko 1, Tim Meredith 2 and Maria Neira June 2010
Overview of health considerations within National Adaptation Programmes of Action for climate change in least developed countries and small island states Lucien Manga 1, Magaran Bagayoko 1, Tim Meredith
More informationThe Market Monitor. Trends and impacts of staple food prices in vulnerable countries
Issue 25 I October 2014 Fighting Hunger Worldwide The Market Monitor Trends and impacts of staple food prices in vulnerable countries This bulletin examines trends in staple food and fuel prices, the cost
More informationSeventh Multi-year Expert Meeting on Commodities and Development April 2015 Geneva
Seventh Multi-year Expert Meeting on Commodities and Development 15-16 April 2015 Geneva By Samuel Gayi Head, Special Unit on Commodities, UNCTAD The views expressed are those of the author and do not
More informationStatement of capabilities for Internal Audit Services
www.pwc.com/tz Statement of capabilities for Internal Audit Services February 2013 We help you create a future-facing Internal Audit function that enhances value for you. Our relationship delivers continuous
More informationVirtual water flows Methods of water accounting and examples
Virtual water flows Methods of water accounting and examples Hong Yang Swiss Federal Institute for Aquatic Science and Technology (eawag) hong.yang@eawag.ch With contribution from Xu Zhao and Zhouying
More informationECONOMIC BULLETIN Q2 2017
November 2017 ECONOMIC BULLETIN Q2 2017 Steady growth in production, sales and exports Food and drink industry Growth in production and sales In Q2 2017, EU food and drink industry production increased
More information100% 80% 60% 40% 20% Spain Finland China Chile Tunisia. Mali. Egypt. Benin
Diets Food consumption is now more centred on a narrow base of staple grains and on increased consumption of meat and dairy products. Starchy staples such as roots and tubers are relatively less important
More informationUNIVERSITY OF KANSAS Office of Institutional Research and Planning
10/13 TABLE 4-170 FALL - TOTAL 1,624 1,740 1,926 2,135 2,134 2,138 2,246 Male 927 968 1,076 1,191 1,188 1,179 1,262 Female 697 772 850 944 946 959 984 Undergraduate 685 791 974 1,181 1,189 1,217 1,281
More informationSudan Country Economic Memorandum: Realizing the Potential For Diversified Development
Sudan Country Economic Memorandum: Realizing the Potential For Diversified Development Public Launch Michael Geiger Khartoum 25 September 2016 Outline What is structural transformation and where does Sudan
More informationFebruary 24, 2010 CRITERIA FOR SELECTING COUNTRY AND REGIONAL PILOTS UNDER THE PROGRAM FOR SCALING UP RENEWABLE ENERGY IN LOW INCOME COUNTRIES
February 24, 2010 CRITERIA FOR SELECTING COUNTRY AND REGIONAL PILOTS UNDER THE PROGRAM FOR SCALING UP RENEWABLE ENERGY IN LOW INCOME COUNTRIES I. BACKGROUND 1. There is increasing consensus that addressing
More informationInternational Solutions
International Solutions Navigating better, faster, smarter all around the world. This is the Supply Change. The opportunity: What we do: We know that exporting goods to international markets can be complicated.
More informationThe Basel Convention and Electronic waste
The Basel Convention and Electronic waste Basel Convention Regional Centre for Anglophone Africa Stockholm Convention Regional Centre for Anglophone Africa Dr T. Letsela Executive Director Pretoria 5 th
More informationOur expertise in the telecommunications sector
Our expertise in the telecommunications sector Our expertise in response to your challenges We assist telecoms operators with defining and implementing their strategy in all aspects of their core businesses,
More informationGLOBALVIEWS. What does agriculture mean today? Assessing old questions with new evidence. no. 1 MAR John W. McArthur
GLOBALVIEWS no. 1 MAR 2016 What does agriculture mean today? Assessing old questions with new evidence. John W. McArthur Senior Fellow, The Brookings Institution Acknowledgements The author thanks Julie
More informationTABLE OF COUNTRIES WHOSE CITIZENS, HOLDERS OF DIPLOMATIC AND SERVICE PASSPORTS, REQUIRE/DO NOT REQUIRE VISAS TO ENTER BULGARIA
TABLE OF COUNTRIES WHOSE CITIZENS, HOLDERS OF DIPLOMATIC AND SERVICE PASSPORTS, REQUIRE/DO NOT REQUIRE VISAS TO ENTER BULGARIA Last update: 26.06.2017 State Diplomatic passport Service passport 1 Afghanistan
More informationTransmission of world food prices to African markets
Transmission of world food s to African markets Nicholas Minot (IFPRI) Presented at the Comesa policy seminar Food variability: Causes, consequences, and policy options" on 25-26 January 2010 in Maputo,
More informationCOMMITTEE ON COMMODITY PROBLEMS
May 2012 Food and Agriculture Organization of the United Nations Organisation des Nations Unies pour l'alimentation et l'agriculture Продовольственная и cельскохозяйственная организация Объединенных Наций
More informationMAXIMUM MONTHLY STIPEND RATES FOR FELLOWS AND SCHOLARS Jan 2018 COUNTRY USD DSA MAX RES RATE MAX TRV RATE Effective % date Afghanistan $162 $1,701
Afghanistan $162 $1,701 $2,552 1-Aug-07 Albania $147 $2,315 $3,473 1-Jan-05 Algeria $210 $2,205 $3,308 1-Aug-07 Angola $400 $4,200 $6,300 1-Aug-07 Antigua and Barbuda (1 Apr. - 30 $337 $3,539 $5,308 1-Aug-07
More informationTalent Requirements for the Agricultural Industry: The Olam Perspective. IAMA - Budapest
Talent Requirements for the Agricultural Industry: The Olam Perspective 1 IAMA - Budapest 1 Olam History 1989 Start-Up 1 product 1 country 1 end Market 4 customers 2 employees S$0.15m Book Value S$0.15m
More informationRecent developments. Zambia). The security situation deteriorated notably in Nigeria, with militants attacks on oil pipelines, and in South Sudan.
Growth in Sub-Saharan Africa is estimated to have decelerated to 1.5 percent in 216, the lowest level in over two decades, as commodity exporters adjust to low commodity prices. Regional GDP per capita
More informationN 97 - July Soaring Food Prices and Africa s Vulnerability and Responses: An Update
N 97 - July 2009 Soaring Food Prices and Africa s Vulnerability and Responses: An Update Editorial Committee Kamara, Abdul B. (Chair) Anyanwu, John C. Osei, Barfour Rajhi, Taoufik Vencatachellum, Desire
More informationIn Agriculture. UN-Water Project on. and 2 nd Regional Workshops; Scope of the 3 rd Regional Workshop. Africa Asia Latin America
UN-Water Project on Safe Safe Use Use of Wastewater of Wastewater in Agriculture In Agriculture Africa Asia Latin America Recap 1st Regional of the Workshop International for Francophone Kick-off, Africa
More informationBauxite & Alumina Market Update. Demian Reed Vice President Commercial Bauxite and Alumina Rio Tinto Alcan
Bauxite & Alumina Market Update Demian Reed Vice President Commercial Bauxite and Alumina Rio Tinto Alcan The outlook for the alumina market starts with metal 60.0 50.0 40.0 30.0 Global Aluminium production
More informationCommodity Market Monthly
Commodity Market Monthly 1 Research Department, Commodities Team* January 1, 214 www.imf.org/commodities Commodity prices rose by 2.4 percent in December, with increases in most main indices. During 213,
More informationREGIONAL WORKSHOP ON THE APRM. Promoting Universal Accession to the APRM for an Enhanced Regional Integration among Ecowas member countries
Page 1 REGIONAL WORKSHOP ON THE APRM Promoting Universal Accession to the APRM for an Enhanced Regional Integration among Ecowas member countries CONCEPT NOTE CÔTE D IVOIRE 28-29 November 2016 Table of
More informationTravel support available to Parties to the WHO FCTC
66 Conference of the Parties to the WHO Framework Convention on Tobacco Control Fifth session Seoul, Republic of Korea, 12 17 November 2012 Provisional agenda item 8.4 FCTC/COP/5/22 24 July 2012 Travel
More informationStructural transformation and the post development agenda for LDCs
Structural transformation and the post- 2015 development agenda for LDCs UNCTAD Trade and Development Board Geneva, 10 December 2014 Dr Dirk Willem te Velde Overseas Development Institute Overview 3 issues
More informationCommodity Market Monthly
Commodity Market Monthly 1 Research Department, Commodities Team* October 9, 214 www.imf.org/commodities Commodity prices fell by 3.8 percent in September, with declines in most main indices. The decreases
More informationDoing the spatial job through the satellite s eye geographic accounting solutions
OUR BACKGROUND Type of business Geo-Information Solutions Turnover 13 $ 5.2 Mio USD Managing directors Christian Hoffmann Years of foundation Austria: 1998 Staff > 45 geo-experts Quality & environment
More informationFertilizer Statistics Overview TANZANIA Edition
Fertilizer Statistics Overview TANZANIA 2011-2014 2015 Edition Outline Background information 1. Production 2. Imports 3. Exports 4. Origins and Destinations 5. Agric. and non Agric. use 6. Consumption
More informationREGIONAL SUPPLY AND MARKET OUTLOOK West Africa. December 7, 2016 KEY MESSAGES. FIGURE 1. West Africa Regional cereal production (000s MT)
REGIONAL SUPPLY AND MARKET OUTLOOK West Africa December 7, 2016 KEY MESSAGES FIGURE 1. West Africa Regional cereal production (000s MT) Aggregate regional cereal production is expected to be above in 2016/17,
More informationMINING AND THE ECONOMY OF SIERRA LEONE
MINING AND THE ECONOMY OF SIERRA LEONE Prof. John C. Anyanwu* Lead Research Economist Development Research Department African Development Bank 4th West & Central Africa Mining Summit, 26th - 27th September
More informationSouth African Milk Processors Organisation
South African Milk Processors Organisation The voluntary organisation of milk processors for the promotion of the development of the secondary dairy industry to the benefit of the dairy industry, the consumer
More informationADLI and Future Directions for Industrial Development. Kenichi Ohno (GRIPS) June 2009
ADLI and Future Directions for Industrial Development Kenichi Ohno (GRIPS) June 2009 Agricultural Development Led Industrialization Ethiopia s ADLI (my definition): The development strategy that aims to
More informationAmbio. Electronic Supplementary Material 1. This supplementary material has not been peer reviewed.
Ambio Electronic Supplementary Material 1 This supplementary material has not been peer reviewed. Title: International trade causes large net economic losses in tropical countries via the destruction of
More informationThe FAO-OIE PPR Global Strategy. Outline 1. Establishment of the PPR WG and actions undertaken 2. Components of the strategy
The FAO-OIE PPR Global Strategy Outline 1. Establishment of the PPR WG and actions undertaken 2. Components of the strategy PPR has been included in the Regional 5 years Action Plans of Africa, the Middle
More informationEconomic prospects for Sub-Saharan Africa remain strong, but growth is vulnerable to a sharp decline in commodity prices
OCTO BER 2013 VOLUME 8 An analysis of issues shaping Africa s economic future u Economic prospects for Sub-Saharan Africa remain strong, but growth is vulnerable to a sharp decline in commodity prices
More informationSHARING THE GROWTH STATE OF THE AFRICA REGION WORLD BANK IMF ANNUAL MEETINGS 2013 OFFICE OF THE CHIEF ECONOMIST - AFRICA REGION WORLD BANK
SHARING THE GROWTH STATE OF THE AFRICA REGION WORLD BANK IMF ANNUAL MEETINGS 2013 OFFICE OF THE CHIEF ECONOMIST - AFRICA REGION WORLD BANK OUTLINE I. Progress against poverty in Africa: an overview II.
More informationSection II: Tracking progress Goal 1: Eradicate extreme poverty and hunger
Section II: Tracking progress Goal 1: Eradicate extreme poverty and hunger Although Africa has experienced rapid economic growth in the past decade, this has not translated into commensurate reductions
More informationCEMENT AND CLINKER TRADE AROUND AFRICA A METHOD AND FACILITIES OVERVIEW. Ad Ligthart Cement Distribution Consultants
CEMENT AND CLINKER TRADE AROUND AFRICA A METHOD AND FACILITIES OVERVIEW Ad Ligthart Cement Distribution Consultants 18-06-2014 CONTENTS OF PRESENTATION Overview of trade flows Global trade flows Trade
More informationPublic-Private partnerships for sustainable agriculture and business development: Allanblackia species as a case study
Public-Private partnerships for sustainable agriculture and business development: Allanblackia species as a case study Ofori, D. A. 1, Asaah, A. 2, Peprah, T. 3, Tsobeng, A. 4, Tchoundjeu, Z. 4, Munjuga,
More informationCANADA S FOOD PRICE REPORT 2017 SUPPLEMENTAL REPORT
CANADA S FOOD PRICE REPORT 2017 SUPPLEMENTAL REPORT TABLE OF CONTENTS Methodology 3 Figure 1: Procedures for Food Price Index Predictions with Machine Learning 3 Step 1: Research Publications for information
More informationAgricultural Globalization in Reverse: The Impact of the Food Crisis in West Africa
Agricultural Globalization in Reverse: The Impact of the Food Crisis in West Africa by John M. Staatz, Niama Nango Dembélé,, Valerie Kelly, and Ramziath Adjao Department of Agricultural, Food and Resource
More informationFAMILY PLANNING MARKET REPORT
1 FAMILY PLANNING MARKET REPORT MAY 2015 ACKNOLWEDGEMENTS: This report was produced as part of the FP2020 Global Markets Visibility Project that CHAI, in conjunction with the Reproductive Health Supplies
More informationEuropean Union, Trade in goods with Uganda
European Union, Trade in goods with Uganda Table of Contents pg - Key Figures 2 - / 2017 2 - - AMA/NAMA product Groups 2 - - SITC product Groups 2 - - Top 5 - HS sections 2 - - Top 5 - SITC sections 2
More informationInformation note. Default values of fnrb for LDCs and SIDs. I. Background
Page 1 Information note Default values of fnrb for LDCs and SIDs I. Background 1. In line with the priorities of the work of the CDM Executive Board (the Board) on methodological issues in particular for
More informationREINFORCING VETERINARY GOVERNANCE IN AFRICA PROGRAMME
REINFORCING VETERINARY GOVERNANCE IN AFRICA PROGRAMME Regional Seminar for Member States of COMESA on Regional Harmonisation of Legislation in the Veterinary Domain July 3 7, 2017, Lusaka, Zambia Objectives,
More informationRAINFALL AND AGRICULTURE IN CENTRAL WEST AFRICA: Predictability of Crop Yields in Burkina Faso*
RAINFALL AND AGRICULTURE IN CENTRAL WEST AFRICA: Predictability of Crop Yields in Burkina Faso* Pauline A. Dibi Kangah Rafael D. Flor* International Research Institute for Climate and Society Tropical
More informationGROWTH, STRUCTURAL TRANSFORMATION AND POVERTY REDUCTION IN AFRICA
GROWTH, STRUCTURAL TRANSFORMATION AND POVERTY REDUCTION IN AFRICA Johannesburg November 2014 Francisco H. G. Ferreira Chief Economist, Africa Region The World Bank OUTLINE 1. Current economic performance
More informationBEST PRACTICES AND LESSONS LEARNED
LEAST DEVELOPED COUNTRIES BEST PRACTICES AND LESSONS LEARNED in addressing adaptation in the least developed countries volume 2 LDC EXPERT GROUP 2012 United Nations Framework Convention on Climate Change
More informationThe Vulnerability of African Countries to Oil Price Shocks: Major Factors and Policy Options The Case of Oil Importing Countries
The Vulnerability of African Countries to Oil Price Shocks: Major Factors and Policy Options The Case of Oil Importing Countries Energy Sector Management Assistance Program Report 308/05 August 2005 JOINT
More informationBusiness Going Global
Business Going Global How local Business can capitalize on global opportunities A Case for SA SMMEs in Africa Three billion people in the world live on less than $2.50 a day. These people are not poor
More informationSTRAIGHT TALK ABOUT BENCHMARKING REGIONAL ROLES. Webinar: June 23, 2016 Presented by Birches Group LLC
STRAIGHT TALK ABOUT BENCHMARKING REGIONAL ROLES Webinar: June 23, 2016 Presented by Birches Group LLC Introduction Common Challenges A Way Forward A Brief Look at Regional Recruitment Wrap-Up and Q & A
More informationUNDP AND CLIMATE CHANGE Scaling up Climate Finance for NDC Implementation in Africa
UNDP AND CLIMATE CHANGE Scaling up Climate Finance for NDC Implementation in Africa Aliou M. DIA Team Leader Climate Change DRR Energy UNDP Regional Hub for Africa Addis Ababa, Ethiopia Email: aliou.dia@undp.org
More informationFARMER BUSINESS SCHOOL
FARMER BUSINESS SCHOOL 1st Edition, 2013 WORKBOOK Finding Opportunities Implementing Planning Evaluating Market-Oriented Agriculture Programme Ministry of Food and Agriculture of Ghana Farmer Business
More informationENABLING POLICIES. for addressing Climate Change and Energy Poverty through Renewable Energy Investments in Africa
ENABLING POLICIES for addressing Climate Change and Energy Poverty through Renewable Energy Investments in Africa Experience from European Support Instruments In order to meet the twin challenge of the
More informationFrom food to nutrition security: The role of food policies
From food to nutrition security: The role of food policies Derek D. Headey Senior Research Fellow The International Food Policy Research Institute d.headey@cgiar.org 1 LOOKING BACK Green Revolution a landmark
More informationAgricultural and Rural Households Income Statistics in Countries in Less-Than-Ideal Conditions: an Insight Thinking to African Countries.
Agricultural and Rural Households Income Statistics in Countries in Less-Than-Ideal Conditions: an Insight Thinking to African Countries. Edoardo Pizzoli, National Accounts, ISTAT Naman Keita, Statistics
More informationAGRO-INDUSTRY IN THE OIC MEMBER COUNTRIES: AN OVERVIEW OF POTENTIALS
ORGANISATION OF THE ISLAMIC CONFERENCE STATISTICAL, ECONOMIC AND SOCIAL RESEARCH AND TRAINING CENTRE FOR ISLAMIC COUNTRIES OIC OUTLOOK March 2010 AGRO-INDUSTRY IN THE OIC MEMBER COUNTRIES: AN OVERVIEW
More informationBriefing Note on FAO Actions on Fall Armyworm in Africa
+ Briefing Note on FAO Actions on Fall Armyworm in Africa FAO Briefing Note on FAW Date: 15 December 2017 BACKGROUND Fall Armyworm (Spodoptera frugiperda), FAW, is an insect native to tropical and subtropical
More informationLecture 10: Emergy & Nations
Lecture 10: Emergy & Nations Several issues that deserve consideration 1. Emergy yield & national economies 2. National Efficiency (Economic?) 3. Macroscopic Mini-model of macroeconomics Total Emergy Use
More informationPublic Policy Responses to the Food Security Challenges in East Asia: The Case of Malaysia
Public Policy Responses to the Food Security Challenges in East Asia: The Case of Malaysia Fatimah Mohamed Arshad Institute of Agricultural and Food Policy Studies Institut Kajian Dasar Pertanian dan Makanan
More informationAquaculture: the coming blue revolution
Aquaculture: the coming blue revolution Albert G. Tacon 1, Marc Metian 2 & Daniel Lemos 3 1 Aquatic Farms, Hawaii, USA; agjtacon@aol.com 2 Stockholm University, Stockholm Sweden 3 University of São Paulo,
More informationMathilde Douillet ** Working Paper v3
Which trade integration scheme can best help SSA develop and export more processed agricultural goods? Mathilde Douillet ** Working Paper v3 Abstract,, Trade integration of Sub-Saharan African (SSA) countries
More informationAdministration Division Public Works Department Anchorage: Performance. Value. Results.
Administration Division Anchorage: Performance. Value. Results. Mission Provide administrative, budgetary, fiscal, and personnel support to ensure departmental compliance with Municipal policies and procedures,
More informationFighting Hunger Worldwide The Market Monitor. Trends and impacts of staple food prices in vulnerable countries
Issue 31 I April 2016 Fighting Hunger Worldwide The Market Monitor Trends and impacts of staple food prices in vulnerable countries This bulletin examines trends in staple food and fuel prices, the cost
More informationMarket. Highlights. October 2012
Market Food Security and Nutrition Analysis Unit - Somalia October 212 Issued November 19 th, 212 Highlights Inflation: The October Consumer Price Index (CPI) declined in all Somali Shilling (SoSh) areas
More informationHealth conditions and trade in fishery products
Health conditions and trade in fishery products Page 1 1 Introduction The fishery sector is considered to be of disproportionate importance to the economies of many less developed countries, where production
More informationUnited Nations Environment Programme
UNITED NATIONS UNEP/ SWIO /SM.1/3 EP United Nations Environment Programme Distr.: General 7 June 2016 Original: English Scoping Meeting on Collaboration between Regional Seas Programmes and Regional Fisheries
More informationIn search of sustainable agriculture. European Commission DEVCO C1
In search of sustainable agriculture European Commission DEVCO C1 FNS-SA sector in EU development cooperation First focal sector for Guatemala Honduras Nicaragua Cuba Haïti Suriname Mauritanie Burkina
More informationINDUSTRIALISATION IN SUB-SAHARAN AFRICA
Overseas Development Institute Regent's College, London NW1 4NS Tel: 01-935 1644 ^Briefing Paper January 1986 INDUSTRIALISATION IN SUB-SAHARAN AFRICA Policies for resolving Africa's economic and development
More information