The household food security situation continues to worsen following the bad cashew nut marketing and the decline in prices. Farm gate prices have been 60% below last year, while more than a third of the harvest remained unsold at the end of the marketing season. The main factors contributing to depressed prices include low credit availability and lower international demand. Because of lack of cash crop income, producer’s food access will remain fragile until the October 2013 harvest.
According to the preliminary results of the market survey conducted by WFP in May 2013 in 10 rural markets, the main barrier to accessing food for vulnerable households is low purchasing power due to the failure of the cashew nut campaign, which is the main source of income for 80% of the population (WFP, 2010). For cereal traders, the main obstacle is low access to bank loans because of dissuasive measures taken by banks such as being in possession of a regularly credited account and having real estate collateral (land title, construction permits, etc...). Low household demand moreover pushes traders to have lower rice and vegetable oil stocks than their actual capacity.