MARKET INTELLIGENCE UNIT                                     Last Update:    November 04, 2008
 
Objectives of the MIU
  • To increase the profit margin of planters                                                                          
    • Planters will be able to plan their production and equilibrate demand and supply conditions, that is to avoid under-supply or over-supply of produce in the market, thus preventing them from going towards intermediary means of marketing, and promote direct selling to consumers;
    • To lessen price fluctuations;
    • To enhance competitiveness of marketing in face of constraints;
  • A timely and effective marketing strategy to ensure supply as per demand and to meet market exigencies.
  • Gearing production towards export orientation (Optimising export opportunities, identify importers, export purposes and conditions, several critieria should be considered:
    • Sea /Air freight cost
    • High production cost (importing fertilisers, seeds, agricultural equipment )
    • High quality produce
  • By forcasting weather conditions( from meteorological services), wholesale and retail prices (from AREU services),  planters will be able to plan their production to avoid unexpected losses;
  • Survey on market demands and trends both at local and international level (Advantage: Planters will be informed on prices and demand for a certain produce, thus decreasing risk of incurring losses) ;
  • Identify new market opportunities /  target markets abroad (enlarge market segment for producers and exporters);
  • Provision of feedback to local agricultural stakeholders on market exigencies, changes, norms and standards ;
  • To plan harvesting
    • If prices are low, delay harvesting (for certain produce like potatoes, pumpkin);
  • Estimated area to be harvested in time  in order to enhance sales potential;
  • To diversify into secondary products, that is, to preserve perishable produce and extention of shelf life. (E.g Salted Fish, canned tomatoes, dried fruits, canned Tuna);

 

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