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Africa: Commodity Dependence


AfricaFocus (Washington, DC)
 

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AfricaFocus (Washington, DC)

ANALYSIS
11 May 2008
Posted to the web 12 May 2008

Washington, DC

"We are living in a confusing time in the history of commodity markets. Commodity prices are currently high. Yet producers in Africa and other parts of the developing world do not seem to be benefiting from these high prices. ... The rich industrialised North has set the rules of the game, but instead of holding its producers accountable to those rules, it is distorting markets in their favour. Meanwhile, African producers whose governments have accepted to play by the rules are losing out.- - Dede Amanor-Wilks, ActionAid International

The issue of commodities and development, notes Amanor-Wilks, is far more complicated than just the price levels. And it is further complicated by the new phenomenon of competition for use of agricultural products for fuel. The bottom-line for commoditydependent countries, including many in Africa, is the lack of control and predictability, as prices fluctuate and commodity markets are increasingly monopolized by large-scale companies.

Without some kind of check on markets and large producers, she notes, the chances for breaking reliance on commodities and entering higher-value sectors of production are very low.

This AfricaFocus Bulletin contains excerpts from a statement at a side-session of the Accra meeting of the United Nations Conference on Trade and Development (UNCTAD). The full report on which this is based is a joint publication by Action Aid and the South Centre, available at http://www.southcentre.org/publications/CommodityReport/AA_SC_Commodity_Report.pdf

Another AfricaFocus Bulletin sent out today contains a statement by Yash Tandon, director of the South Centre, also presented at the meeting in Accra.

For previous AfricaFocus Bulletins on related issues, see http://www.africafocus.org/tradexp.php and

http://www.africafocus.org/agexp.php

Sudan Justice and Equality Movement / Darfur Background

Sudanese Government Bombs Villages in Darfur

UN Integrated Regional Information Networks, May 6, 2008

http://www.irinnews.org/Report.aspx?Reportid=78072

Justice and Equality Movement website

http://www.sudanjem.com/en/index.php

Wikipedia Article on May 10, 2008 Attack

http://en.wikipedia.org/wiki/2008_invasion_of_Khartoum_and_Omdurman

Short, well-informed book by Julie Flint and Alex de Waal, Darfur: A New History of a Long War

Zed Books, 2nd edition, 2008

At amazon.com http://tinyurl.com/45evg2

At amazon.co.uk http://tinyurl.com/4rwwub

Zimbabwe Updates

Morgan Tsvangirai Press Statement, May 10, 2008

http://www.sokwanele.com/thisiszimbabwe/archives/949

Hunger Drives Post-Election Violence

UN Integrated Regional Information Networks, May 9, 2008

http://allafrica.com/stories/200805091048.html

Zimbabwe Lawyers for Human Rights

Baseline Conditions for Runoff Election, May 4, 2008

http://www.kubatana.net/html/archive/hr/080504zlhr.asp

Charlie Cobb, Jr. Interview with Chenjerai Hove, May 7, 2008

http://allafrica.com/stories/200805070997.html

African Emergency Summit on Zimbabwe

Civil Society Groups meet in Dar es Salaam, April 21, 2008 http://www.osisa.org/node/11097

South Bulletin: Reflections and Foresights

Relevant Links

South Centre is an Intergovernmental Organization and Think Tank of Developing Countries

1 May 2008, Issue 14

African Commodities: How Corporatization Squeezed Out Producers?

Page 1 of 4123>Last »


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