Aftermath of the global financial crisis and its economic implications for Tanzania commodity prices:the case of agricultural export products

This Research was primarily concerned with examining the aftermath of the global financial crisis and its impact on commodity prices with lessons from Tanzania. The motive was to provide empirical support for policy formulation, implementation and rectification with regard to government avowed commitment to trade performance whilst contributing to the limited body of knowledge on impact of global financial crisis in Tanzania perspective and Africa in general. The parties involved in the study included: employees from the Units of the marketing boards participating in the promotion of commodities and government officials from Tanzania Cotton board and Ministry of Industries, Trade and Marketing in Dar-es-Salaam, staff from VIC FISH LTD and a cotton farmer. The study employed questionnaires, interviews, content-analysis and the use of various documents as the major instruments for gathering data. Data were analyzed using both qualitative and quantitative methods. Microsoft Word and Excel Applications and SPSS package version 11.5, were used in analyzing the data and qualitative data were categorically organized. The findings from the analysis of data confer with the theories of price fluctuations. Several issues that need to be addressed are commented. Recommendations are thereof given on how to ensure effective operation, management and performance of the trade in Tanzania. Each stakeholder to the scheme has a part to play. Clearly, the main objective of the parties involved should be to facilitate a conducive environment to encourage more and more stakeholders in order to boost the sector.