NEW GMC Annual Report 2014

Page 24

2014

Guyana Marketing Corporation: Annual Report PRICE, PRODUCTION AND EXPORTS ANALYSIS

Market Analysis provides vital information about prices, production, and exports to determine the attractiveness and dynamics of non-traditional agricultural commodities in the domestic and international markets. Market Analysts collect, monitor and analyze the various economic value added activities within the sector as it relates to price movements, export trends and production levels for non-traditional agricultural commodities, thereby providing useful information for policymakers and other relevant stakeholders. A. Price Analysis i.

Vegetables There was a general reduction in vegetable prices at Bourda market. This was led by a 31% reduction in the price of cabbage. There were also increases in the prices of carrot (52%) and lettuce (33%). The average wholesale prices of vegetables have also generally decreased at Charity market over the period 2013-2014. Notably, the most significant reductions were evident in the prices of calaloo (66%), pak choi (35%) and tomatoes (32%).

Figure 18: Average Annual Wholesale Vegetable Prices at Selected Markets

Though the prices at Parika Farmgate market remained relatively stable, there were significant

changes evident in the prices at Parika Opengate market. Notably, there were significant increases in the prices of squash (23%), bora (33%) and carrot (71%). Additionally, there were reductions in the prices of boulanger (57%) and cabbage (39%).At Stabroek market, the prices remained relatively stable. However, there were notable increases in the prices of squash (60%) and carrot (46%) and major decreases in prices of cabbage (30%) and saeme (25%).

| Price, Production and Exports Analysis

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