twitter RSS Feed linkedin acp contact

EAGC launches market information system

The Eastern African Grain Council (EAGC) has launched a market information system that provides wholesale prices for staple food commodities in Kenya, Tanzania, Uganda and Rwanda

Ploughing with cattle in southwestern EthiopiaThe EAGC have set up a market information system to provide farmers with access to market prices and trends on a daily, weekly and monthly basis. (Image source: Stevie Mann)

The SMS facility, also referred to as the Regional Agricultural Trade Intelligence Network (RATIN), offers a completely scalable web-based platform for communication with farmers, traders, processors and everyone else who has compatible GSM device and is interested in receiving market information.

An interested party sends a text message from a mobile phone, for instance in Kenya to 8000, and receives information on prices on maize per bag in various towns across the country.

For farmers, the text messaging system is more cost effective than making a phone call or using contacts in various towns, providing access to firsthand market information.

“If farmers have information on where to get the best prices for their farm commodities, then they are able to benefit more by selling to the best buyers,” observed Samuel Munyasia, a food officer at EAGC, during a recent agribusiness exhibition in Nakuru.

It also helps farmers to pull resources and hire common transport to access distance markets that will offer them better returns.

The system is user friendly and offers an easy way of updating market prices and trends on a daily, weekly and monthly basis.

Subscribers can register on the website to receive alerts on market prices before making a decision on where to sell.

Access to constantly updated information means farmers can bargain collectively with buyers, earn fair compensation and make wiser planting decisions.

But it is not just farmers that are benefiting from fast access to market information.

Maina Wanjeri, a grain dealer in Nyahururu, Central Kenya said, “Clearly, it has now become possible to transact business and make deliveries from a hotel. With information on towns where we can make good profits, we then contact our grain suppliers and send our lorries to collect the grains and deliver to the market.”


LATEST NEWS IN Agriculture

Gambia-Korea partnership seeks to double rice production to curb food insecurity

Gambia-Korea partnership seeks to double…

President Adama Barrow has received a delegation led by the Korean Ambassador to The Gambia, HE Kim Ji-Joon, at the State House in Banjul to announce the delivery of sample rice...

World Sustainability Organization chooses Zambia as the first African Sustainability Hub

World Sustainability Organization choose…

The World Sustainability Organization and Foundation (WSO&F) has signed a Memorandum of Understanding (MoU) with the Zambian Government, to make Zambia the African Sustainability Hub 

Rallying call to improve African and global cotton production

Rallying call to improve African and glo…

As the business of cotton production continues to attract global attention, there are concerns about how sustainable the practice of growing, harvesting, and production will be, especially for lower income...

Research and farming institution from Zimbabwe wins FAO Award

Research and farming institution from Zi…

The Food and Agriculture Organization of the United Nations (FAO) honoured three research and farming institutions, one of which was from Zimbabwe

Building community and ecological resilience through forest landscape restoration

Building community and ecological resili…

The Atebubu and Wiase Forest Landscape Restoration (FLR) Living Lab is offering a more resilient food system, greater income and the opportunity to restore nature to farmers living in the...

European Investment Bank to support increased rice production in Liberia

European Investment Bank to support incr…

The European Investment Bank is planning to support large-scale investment to increase rice production and enhance food security in Liberia

Prev Next

OTHER RELATED ARTICLES - Agriculture

AgriBriefing launches industry wide survey on women in food and agriculture

AgriBriefing launches industry wide surv…

AgriBriefing’s Women in Food and Agriculture campaign, which promotes the role of women across the agribusiness supply chain, has launched the first industry-wide diversity and inclusion survey, supported by Alltech

Nigeria on the verge of doing away with rice importation: Lai Mohammed

Nigeria on the verge of doing away with …

The fact that Nigeria has been able to cut down on rice importation from 644,000 MT to about 22,000 MT within two years proves the agricultural revolution is working, Alhaji...

African Development Bank official meets São Tomé and Príncipe President

African Development Bank official meets …

African Development Bank President, Akinwumi Adesina met with the President of São Tomé and Príncipe, Evaristo Carvalho, while the bank approved its new country strategy paper

Ghana to use biotechnology for increasing cotton yield

Ghana to use biotechnology for increasin…

The government of Ghana has expressed its commitment towards boosting cotton production in the country

EU supports food security programmes in Zimbabwe

EU supports food security programmes in …

The European Union (EU) has donated motor vehicles and equipment worth US$600,000 to the Zimbabwean government to support four on-going EU funded projects coordinated by the Food and Agriculture (FAO)...

Ghana to promote bamboo biofuels

Ghana to promote bamboo biofuels

The Ghanaian government has said that it will offer support to bamboo growers as it aims to decrease the country’s carbon footprint

FAO continues to fight Desert Locust upsurge amid COVID-19 constraints

FAO continues to fight Desert Locust ups…

The UN Food and Agriculture Organization (FAO) is continuing its efforts to contain the Desert Locust upsurge in East Africa despite restrictions on the movement of personnel and equipment resulting...

Chinese technology helping African farmers boost production

Chinese technology helping African farme…

Scientist from China have been utilising agricultural technology in two African countries in order to reverse desertification and improve local agricultural production

AfDB lends US$80mn to Congo to set up agricultural value chains

AfDB lends US$80mn to Congo to set up ag…

The African Development Bank (AfDB) has granted a US$80mn loan to Congo to set up agricultural value chains to benefit more than 350,000 people

Malawian small holder farmers parktake in agriculture tour

Malawian small holder farmers parktake i…

Malawian small holder farmers took part in an agriculture field day organised by the Ntcheu District Agriculture Development Office

AGCO Agriculture Foundation Award goes to South Africa’s Bahle Zondo Foundation

AGCO Agriculture Foundation Award goes t…

The AGCO Agriculture Foundation (AAF) has announced the Bahle Zondo Foundation in South Africa as the first organisation globally to receive the newly-launched AAF Award

FAO, Rabobank renew partnership to help African farmers

FAO, Rabobank renew partnership to help …

The Food and Agriculture Organization (FAO) and Rabobank signed a Memorandum of Understanding (MoU) to renew their partnership to boost productivity for small farmers

Prev Next