Article: AGRICULTURE-ETHIOPIA: FROM BUMPER CROP TO FAMINE AND BACK


Inter Press Service English News Wire
08-31-2009
Omer Redi Ahmed interviews ELENI GABRE-MADHIN, chief executive
officer of the Ethiopia Commodity Exchange
ADDIS ABABA, Aug. 28, 2009 (IPS/GIN) - In 2001/2002, Ethiopia
enjoyed a bumper maize harvest - so good in fact, that prices
tumbled, and many farmers simply left the grain in the fields. When
the rains failed the next season, famine loomed.
Eleni Gabre-Madhin, a former senior economist at the World Bank
and author of a book on market reforms and structural
transformation in Africa, was one of many disturbed observers.
She put her doctorate in economics and 15 years of experience
in agricultural markets in Africa to use in founding the ...

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