English | دری

ITC Unveils the Market Price Information Portal for Developing Countries

in Afghan Business

ITC Unveils the Market Price Information Portal for Developing Countries

The International Trade Centre (ITC) today announced the launch of the Market Price Information portal, an online database that will provide access to live updates and prices for more than 100 agriculture products. 

Launched with a view to improve transparency in trade and help improve the decision-making processes for micro, small and medium-sized enterprises (MSMEs) to export, the Market Price Information portal will also provide research and up-to-date agricultural commodities news.

The Market Price Information portal has been developed in response to a growing need among MSMEs and small-scale farmers for access to up-to-date market information. In developing countries in particular, access to such information is often scarce, unaffordable, inaccessible or out of date. 

By providing timely information on prices free of charge, the Market Price Information portal will better enable MSMEs and farmers to stay updated, make sound business decisions, and boost their competitiveness.

Announcing the Market Price Information portal, ITC Executive Director Arancha González said: ‘Access to real-time and sector-specific market price information will help strengthen the ability of MSMEs to make decisions and anticipate shifting trends in international markets. 

The Market Price Information portal will help them become more competitive, make it easier to connect to global markets, and enable them to grow their businesses.’

Currently based on data provided by Thomson Reuters and USDA’s Agricultural Marketing Service (AMS), ITC is already working on an expansion of the Market Price Information portal, including the collection and dissemination of domestic price information. A tailor-made data entry tool has been developed to allow trade and investment support institutions (TISIs), cooperatives and producers to upload and consult local market prices related to their products. This will allow such organizations to embed a customized version of the Market Price Information portal on their own website. 

The same, local information will then simultaneously be made available on the global Market Price Information portal.

The Market Price Information portal provides MSMEs, farmers, TISIs and policymakers from developing countries with accurate daily and historic market price information for the following sectors: agricultural soft commodities; culinary spices and herbs; dairy/livestock, fish and seafood; fresh fruit and vegetables; forestry, fibre, textiles; grains and pulses; and oilseeds, oils, nuts and fats.


Related Articles

Development projects completed in Kapisa district to meet residents’ needs

Eleven projects of the National Solidarity Program of the Ministry of Rural Rehabilitation and Development (MRRD/NSP) were recently completed in

Lack of government’s attention has caused reduction in Afghanistan’s exports- Chamber of Commerce

Eng. Qasim Yousufi, Head of Chamber of Commerce and Industries in the east zone of the country, sees lack of

Investment in Paktia at risk due to insecurity

Businessmen in Paktia have expressed concerns over the deteriorating security situation in Paktia and have warned of withdrawing capital and

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.