Agriculture Reference
In-Depth Information
Table 7.13. Comparison of private and social gross margins and PAM ratios (2004-2021).
Year
2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13
Private gross margins
-332
-223
-92
-7
-12
-23
-40
-65
-100
Social gross margins
-1,712
-1,672
-1,617
-1,486
-1,313
-1,091
-807
-449
-2
PCR
1.74
1.38
1.12
1.01
1.01
1.02
1.03
1.05
1.06
DRC
6.44
5.02
4.03
3.04
2.36
1.87
1.50
1.22
1.00
NPCO
1.29
1.29
1.29
1.19
1.09
1.00
0.91
0.84
0.77
NPCI
1.22
1.22
1.22
1.22
1.22
1.22
1.22
1.22
1.22
PC
0.19
0.13
0.06
0.00
0.01
0.02
0.05
0.15
49.15
EPC
1.42
1.40
1.38
1.16
1.00
0.88
0.78
0.70
0.63
SRP
1.62
1.48
1.36
1.10
0.80
0.55
0.33
0.14
-0.03
Values in SZL.
In line with the positive developments in the maize production performance, it is shown in
Table 7.11 that the domestic resource cost ratio (DRC) will continue to decline, reflecting
improvements in the international competitiveness of the sector as the changes in maize
pricing and yield continue over the period. A DRC value of 1.0 in 2013 equally suggests
that the sector is likely to break even in that year if the positive developments in pricing
and yield continue. Tables 7.12 and 7.13 present the results in relation to the other PAM
ratios such as PCR, NPCO, NPCI, PC, EPC, and SRP. In all cases, there is evidence that a
well-planned and implemented liberalization programme would produce beneficial effects
on the sector and the economy as a whole. These trends are graphed in Figures 7.3 and 7.4.
7.00
PCR
DRC
NPCO
NPCI
6.00
5.00
4.00
3.00
2.00
1.00
0.00
Figure 7.3. Projected PCR, DRC, NPCO and NPCI for the period 2004-2025.
 
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