Facilitating market linkages for soybean buyers and sellers

BENEFIT partnership conducted the 5th Soya Bean Trading Platform meeting to facilitate market linkages between domestic processors, exporters, and union on December 6, 2018 at Momona Hotel in Addis Ababa. The meeting jointly organized by BENEFIT-ENTAG, BENEFIT-CASCAPE and BENEFIT-ISSD was attended by 31 participants representing food and feed processors, exporters, and unions.

During the Business to Business (B2B) session it was found that the demand for soya bean is three folds higher than the potential supply indicated by the unions. The possibility of working through contract agreements between the buyers and the unions in the near future was discussed.

Limitedness of the production, institutionalization of the sub-sector, price volatility and access to finance for unions and honouring contract and promises were the key constraints raised for effective business linkages. It was also suggested that actors supporting the production are expected to push the agriculture sector to give more attention for soya bean like other cereal crops. For institutionalization, it was proposed for soybean to be included as legume crops to join the pulses council that is under establishment.

Overall the event was successful in bringing sellers and buyers under the same roof to discuss and address their business concerns and find better way of working together.

By Selamawit and Yemisrach

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