Improving Agricultural Market Performance:
Creation and Development of Market Institutions
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o Jordan - Village cooperative societies
o Mali - Co-operative associations (SCPC)
o Mauritania - Savings and Loan Cooperatives
o Somalia - Agricultural cooperatives
o Sudan - Agricultural cooperatives
o United Arab Emirates - Fishery marketing cooperatives
o Uzbekistan - Agricultural production cooperatives
o Yemen - Agriculture Cooperative Union
 Commodity exchange platforms are prevalent in a limited number of OIC Member
Countries:
o Côte d’Ivoire - Coffee Cocoa Exchange (BCC)
o Indonesia - Commodity Futures Trading Regulatory Agency (COFTRA)
o Iran - Iran Mercantile Exchange (IME)
o Kazakhstan - Еurasian Тrade System Сommodity Exchange JSC (ETS)
o Tajikistan - Universal Commodity Exchange (UCE)
o Turkmenistan - State Raw Material and Commodity Exchange
 Commodity market regulation authorities, which are typically commodity-based.
Some examples include:
o Côte d’Ivoire - Authority for the Cotton and Cashew Nut Subsector (ARECA)
o Kuwait - Public Authority for Agricultural Affairs and Fish Resources (PAAF)
o Nigeria - National Agency for Food and Drug Administration and Control
(NAFDAC)
o Senegal - Market Regulation Board (ARM)
 Though many OIC Member Countries still operate Marketing Boards (e.g. sugar,
coffee, cotton, and palm oil), many Governments have replaced their state marketing
boards with more liberalized non-Government structures:
o Nigeria dissolved its Cocoa Board in 1986. The Cocoa Association of Nigeria
(CAN) and the exporters now provide advice and technical assistance to
farmers on the appropriate use of chemicals and on good practices for the
fermentation and drying of cocoa beans. Producers have increasingly turned to
voluntary quality certification bodies such as UTZ, rather than relying on
Federal and State inspectors, who “pay attention more to revenue capture
rather than to the graded cocoa quality.” Nigeria has also fully liberalized
cocoa production, prices, and trade.117
o Côte d’Ivoire in 2011 established a new cocoa marketing board, reasserting
state control over cocoa production, pricing, and exports.
o The Saudi Grain Silos and Flour Mills Organization (GSFMO) was established in
1972 to: i. Establish and operate flour mills, flour production, and animal feed
factories; ii. Establish food industries related or complementary to the
117 Nzeka, U. (2014), “Nigeria Hikes Target on Cocoa Production,” U.S. Department of Agriculture, Foreign Agriculture
Service, available at
Accessed May 2017].