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Guyana’s diversification perspectives to overcome vulnerability

FAO Agricultural Development Economics Policy Brief 20












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    Book (series)
    Perspectives on diversification prospects for the agrifood industry in Guyana 2020
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    The analysis in this report aims to guide policymaking in the Co-operative Republic of Guyana in support of the agricultural development and diversification strategy and support decision making to foster a rapid, sustainable, and successful agricultural transformation process. The aim is to identify the most critical challenges for Guyana’s agricultural sector, explore the relationships among agricultural diversification and agricultural development, and finally, to determine the agricultural subsectors and products that show export potential for Guyana.
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    Policy brief
    A mid-term perspective on agricultural diversification in Guyana 2022
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    Guyana’s agrifood systems are facing an increasing level of risk: rising sea-levels are eroding its coastal area, where much of the agricultural activity is located; recent off-shore oil discoveries threaten to crowd-out non-oil sectors; and a dependency on a limited number of agricultural export commodities exposes the agricultural sector to price and market volatility. The diversification of agricultural production and exports has the potential to generate growth and increase the resilience of the agricultural sector. This policy brief summarizes the main findings of the paper on "Diversification Perspectives of Guyana's Agrifood Sector". The objective is to identify a set of commodities with high export potential, which is in relative proximity to the current agrifood export basket. We find oil seeds, bovine meat, sunflower seed oil, fish flours (for animal feed), palm oil, fowl, cocoa beans, cocoa paste and sunflower seeds to be commodities with high export potential. These commodities share characteristics with the current agrifood export basket. This implies that expanding the exports of these goods will not be costly and is likely to promote economic development, agricultural sector growth and reduce risks associated with market concentration.
  • Thumbnail Image
    Book (series)
    Diversification perspectives of Guyana’s agrifood sector 2022
    Also available in:
    No results found.

    Guyana’s agrifood systems are facing an increasing level of risk: rising sea-levels are eroding its coastal area, where much of the agricultural activity is located; recent off-shore oil discoveries threaten to crowd-out non-oil sectors; and a dependency on a limited number of agricultural export commodities exposes the agricultural sector to price and market volatility. The diversification of agricultural production and exports has the potential to generate growth and increase the resilience of the agricultural sector. This study identifies Guyana’s diversification potential using comparative-advantage and export-sophistication metrics, which are combined for a proximity analysis based on Guyana’s production space. The objective is to identify a set of commodities with high export potential, which is in relative proximity to the current agrifood export basket. We find oil seeds, bovine meat, sunflower seed oil, fish flours (for animal feed), palm oil, fowl, cocoa beans, cocoa paste and sunflower seeds to be commodities with high export potential. These commodities share characteristics with the current agrifood export basket. This implies that expanding the exports of these goods will not be costly and is likely to promote economic development, agricultural sector growth and reduce risks associated with market concentration.

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