Edible Oil Market in Haiti

In 2008, with the approval of USAID Food For Peace officers, ACDI/VOCA initiated preparations for the monetization of a small lot of soy oil. The objective was to launch a pilot project ̳to explore a broadening of the income stream to Title II programs in Haiti‘ (Murphy 2009). Because of the subsequent 35% spike in world petroleum costs and the consequent price volatility in agricultural commodities (see Chart 1.1), ACDI/VOCA staff decided to postpone the project from FY‘09 to FY‘10.