African Farmers Must Be Tied to Markets, Ethiopia Commodities Chief Says
Farmers in Ethiopia, with experience in commodity trading, “think global and multinational, rather than thinking local,” she said. “That means they’re able to make better decisions on when to sell” and pay closer attention to crop quality, she said.
Ethiopia is the world’s sixth-biggest coffee producer and fifth-largest grower of lentils, chickpeas, sesame and sorghum, according to the United Nations. The Ethiopia Commodity Exchange trades corn, wheat, coffee, white and red kidney beans and soon will be adding sesame. The country’s agricultural sector suffers from frequent drought and poor cultivation practices, according to the U.S. government.
The World Food Prize recognizes achievement in food and agriculture that alleviates hunger and poverty globally. The annual conference brings together governments, businesses and humanitarian organizations to discuss farming and international development.
Eleni Gabre-Madhin on Ethiopian economics – TEDGlobal 2007