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Burkina Faso

Welcome to the price transmission page for Burkina Faso. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.

Burkina Faso

Historic Warnings per Commodity

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Background information

Burkina Faso ranks as one of the least developed countries worldwide. The African country accounts for only a narrow natural resource base. The small deposits of gold feature one of the key export sectors, contributing to three-quarters of the country’s export earnings. The other key export sector is cotton. Overall, the high export dependence makes the economy highly vulnerable to global price fluctuations for those commodities. The landlocked position translates into high transportation costs for exports and imports.

The agricultural sector in Burkina Faso is dominated by small-scale subsistence farming. Main products are sorghum, millet and maize and cotton, where the latter represents the cash crop. Whilst the rural population favors traditional cereals, rice and maize are increasingly preferred by urban households.

Burkina Faso received a score of 0.402 in the HDI (2014) and showed little improvement in recent years. Slightly less than half of the population lives below the poverty level. The already insufficient food access could be further limited by economic shocks such as high food prices. According to the GHI (2015), the severity of hunger in Burkina Faso is alarming as one-fifth of its population is undernourished.