Email OF The Day: September 2016

Friday, 30 September 2016

[www.keralites.net] Donkeys the big business opportunity (From CNN)

Gelatin produced from donkey hide is a key ingredient of one of China's favorite traditional remedies, known as ejiao, which is used to treat a range of ailments from colds to insomnia. Consequently the market for donkeys is expected to exceed the trillion dollar mark in less than a decade.

But as the rising power shifts towards advanced industry and away from traditional agriculture, donkeys are in decline. State statistics show the population has fallenfrom 11 million to six million over the last 20 years.

China is now increasingly looking to Africa to boost its stocks, and imports donkeys from countries across the continent. But flourishing trade has hit several roadblocks.

Donkeys decimated

Niger recently became the latest African state to ban exports of donkeys, following a surge in sales to China.

Government officials reported that 80,000 animals had been sold in the year to date, compared with 27,000 in 2015, and warned that the donkey population would be "decimated" on current trends.

In August, Burkina Faso took the same step, after 45,000 donkeys were slaughtered in six months from a total population of 1.4 million.

In both cases, the value of donkeys soared and the fledgling industry delivered a valuable stream of foreign currency. But growth came at a cost.

Beyond the severe damage to donkey populations, the new industry caused environmental and economic problems.

The spread of abattoirs generated a backlash. In the Burkinabe village of Balole, local farmersreportedly attacked and closed a slaughterhouse in protest at blood and offal leaking into their water supplies.

The donkey boom also attracted farmers from other livestock trades, which suffered as a result, and were also affected by inflation.

"In Niger and Burkina Faso the rising value of donkey hide and meat created inflationary impact in other sectors," says Dr. Emmanuel Igbinoba. "The price of other animals rose because of the donkey, not because there was demand for this animal, which caused imbalance in the economy."

The exporting countries suffered from a lack of regulation, according to Eric Olander, co-founder of the China Africa Project and host of the China in Africa podcast.

"Just as with other livestock, raw materials and other natural resources, the scale of the demand from China is often so large that it can rapidly overwhelm the supply of any single resource," he says. "Governments that trade with China...have an obligation to their people to regulate trade so it does not deplete any single resource to the point where it imposes burdens on their own people."

Regards

Xavier William

"All new ideas good or bad, great or small start with a one-man minority" - anonymous

www.keralites.net

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Posted by: Xavier William <varekatx@gmail.com>

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