Market information systems

Market information systems (otherwise known as market intelligence systems, market information services, or MIS, and not to be confused with management information systems) are information systems used in gathering, analyzing and disseminating information about prices and other information relevant to farmers, animal rearers, traders, processors and others involved in handling agricultural products. Market information systems play an important role in agro-industrialisation and food supply chains. With the advance of Information and communication technologies for development (ICTs) in developing countries, the income- generation opportunities offered by market information systems have been sought by international development organizations, non-governmental organizations (NGOs) and businesses alike.

Agricultural market information systems

There is a advanced array of bazaar advice systems or services. Organisation for Economic Co-operation and Development countries accept commonly emphasised the accent of advice accouterment for the agronomical sector, a notable archetype actuality the account provided by United States Department of Agriculture. Such systems are broadly acclimated in adjustment to access the accuracy and the aggregate of advice abounding through the accumulation chains for altered agronomical products. The adeptness of bazaar advice systems to accommodate a admired account has been adequate with the development of the Internet and the beforehand of cyberbanking business (business-to-business (B2B), consumer-to-consumer, etc.). Industry structure, artefact complication and the ambitious attributes of agronomical affairs are advised free factors for the development of B2B cyberbanking business in agriculture.

Agricultural market information in developing countries

In developing countries, bazaar advice initiatives are generally allotment of broader interventions and allotment of the agronomical business and agribusiness development action that abounding governments are actively affianced in. It's frequently accepted that continued transaction chains, abridgement of transparency, abridgement of standards, and bereft admission to markets for articles has perpetuated low incomes in predominantly agrarian economies. The Food and Agriculture Organization (FAO) has a unit[2] focussed on agronomical business support, including through development of bazaar information.[3] Donor organizations, such as the CTA, IICD, USAID, DFID, and the Bill and Melinda Gates Foundation are all focussed on convalescent the efficiencies aural the accumulation alternation through greater advice provision. The contempo billow of adaptable buzz acceptance in developing countries has provided an befalling for avant-garde projects to advantage this fresh administration approach to get analytical bazaar abstracts into the easily of farmers and traders. Several projects by Reuters[4], Nokia[5], Esoko/TradeNet[6], KACE[7], Manobi[8], AgRisk[9] and others accept approved the appulse that such advice can have. Studies in Niger[10] and India[11] authenticate the appulse of corpuscle phones in abbreviation amount variations and creating calm amid markets. Introduction of internet kiosks and cafes that accommodate broad amount advice to farmers has been apparent to enhance the activity of rural markets by accretion the competitiveness of bounded traders in India.[12]