Agriculture and Rural Development
Non-energy prices changed little as a 1.4 percent gain in beverages was balanced by a 2 percent loss in raw materials and a 1.1 percent decline in Fertilizers.
Metals prices gained 0.4 percent, led by nickel (+3 percent) and aluminum (+2 percent).
Precious metals prices lost 2.1 percent, led by a similar decline in gold.
The Pink Sheet is a monthly report that monitors commodity price movements.
Source: World Bank.
Constance Senekal, a teacher by profession, initially ventured into pig farming to sustain her family.
Rising at 7:00 am to take children to school may seem like a regular activity for many. But what about bringing ALL your community’s youngest children to school, on a donkey cart no less?
Every morning, children from the Sinchou Demben village in central Gambia meet Malang Demto. Stick in hand and a smile on his face, he leads them to the closest elementary school, located approximately three kilometers away. Mr. Demto is a farmer who for a little over a year has also overseen the village’s ‘school bus,’ the donkey-pulled cart he drives to Sare Babou.
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Trends and analysis for the 17 SDGs
- Sustainable Communities
- Urban Development
- Social Development
- Public Sector and Governance
- Private Sector Development
- Migration and Remittances
- Law and Regulation
- Labor and Social Protection
- Information and Communication Technologies
- Global Economy
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- Agriculture and Rural Development
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Julius Maboloka is a vibrant and passionate young Mosotho farmer. We met Julius while meeting the beneficiaries of the Lesotho Smallholder Agriculture Development Project (SADP).
In October 2017, I departed on vacation from Amman to Yemen. When I arrived in Aden, my hometown, Aden received me with its sunny and hot weather that melted the icy coating around my intense longing to see the city again and the pain of being away from my family and beloved country for over two and a half years.
Chart 1: Commodity prices are forecast to rise across the board
The energy price index is anticipated to rise 20 percent in 2018, largely on strengthening of oil prices. The increase is a 16-percentage point upward revision from October 2017. Metal prices are projected to increase 9 percent in 2018 due to a further pickup in demand. Agricultural prices are forecast to gain more than 2 percent.
The winning proposals lay out a clear plan for commercial and export-oriented agriculture initiatives that facilitate private sector investment, provide technical assistance, strengthen farmer producer organizations and promote smallholder–agribusiness partnerships.
The goal is to increase their competiveness, business orientation and market position in order to make them more attractive business partners in the value chain. It’s an ambitious task, but Sri Lanka’s agri-entrepreneurs have risen to the challenge.
Matching grants scheme supports agribusiness
The matching grants scheme, implemented by Sri Lanka’s Ministry of Primary Industries comes under the Agriculture Sector Modernization Project. Supported by the World Bank, with additional funding from the European Union, the project is implemented through the Ministry of Primary Industries, the Ministry of Agriculture, and five participating provinces including the Northern, Eastern, Central, North-Central and Uva Provinces.
A rigorous and transparent selection process was used to create a shortlist. Successful applicants would be offered up to 50 percent of the investment required through the scheme, matched by their own funds or raised from commercial loans.
These small enterprises need the boost. Today, beside a few major agriculture companies, most operators in Sri Lanka are small-scale cultivators who face problems related to low productivity and lack of diversification, absence of market linkages, non-availability of inputs and limited access to credit facilities. Farmers are not organised and tend to focus on low value crops that limit income generation.
"I grew up raised by two parents who were farmers, but as I grew up, I hated farming." That's one of the first things I heard as I met with Ntuba Masena, the owner of a fruit and vegetable drying business in Lesotho. Ntuba remembered spending long days plowing the fields with her parents, and as a result, agriculture was the last thing on her mind. It's safe to say that it has been an unusual journey for the 61-year-old retired nurse who had reinvented herself as an entrepreneur and small business owner.