A cooperative bazaar and exhibition was organized by the Cooperative Promotion Agency in Bahir Dar between 29th May and June 4th 2019 with the objective to promote and connect with buyers and above all stabilize unusually high prices for urban consumers.
A number of cooperatives from AgroBIG intervention areas, including multipurpose, irrigation and dairy cooperatives participated and brought their produce to sell. Ribb and Tana Cooperative Savings and Credit Unions also attended to promote their financial services to prospective new members.
Agricultural inputs and mechanization service providers and suppliers were on-site too, to network, display and promote their services to cooperatives and potential customers. The Consumer Cooperative Union from Addis Ababa joined the bazaar to source products.
There was particularly high demand for competitively priced staples such as cooking oil, teff, rice, and vegetables. Teff, for example, was selling for about 90 Euros (3000 ETB) per 100kg at the main market in Bahir Dar, while at the bazaar the same amount of sifted and cleaned teff offered by cooperatives cost 80 Euros (2,600 ETB). Cooperatives still managed to cover their costs and make minimum profit margins.
More support is needed for cooperatives to increase their capacity to process and supply diversified value-added products.
The cooperative bazaar is organized annually. Its main purpose is to promote agricultural products and create long term market-linkages between buyers.