The world stood appalled as the global food crisis unfolded. The prices for the main staples skyrocketed, nations in Africa and Latin America and the Caribbean stood motionless. Suddenly many producers grappled to cash in on the high prices which were accentuated by the natural disasters that wiped out many crops of the developing world.
Many world leaders who thought the agricultural market to be so uncertain and a risky investment adventure felt the brunt of its force. Now we are forced to reconciled with the fact that we are facing a global phenomenon and urgent policies and directions are needed.
What can we do granted our limited resources, poor infrastructures, misguided rural and urban development policies? the onus lies upon the governments to introduce best practices in the agricultural sectors, install co-operatives, spearhead development and innovative technologies and reduce subsidies.
The infant industries of the Caribbean are heavily dependent on the taste buds of the North and the West. It is time we diversify our markets and pursue a pro-South trade policy. This in my opinion will aid in securing the not so volatile markets, diversifying our product mix while benefiting from more preferential market access.
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