Provision of Climate and Commodity Hedging to Enable Transformation (CACHET) Project – Phase 3

The International Fund for Agricultural Development (IFAD), a specialized agency of the United Nations based in Rome, Italy, hereby solicits proposals for the Provision of Climate and Commodity Hedging to Enable Transformation (CACHET) Project – Phase 3 Services.

The CACHET initiative executed by IFAD seeks to mitigate mounting risks linked to climate change trend and price volatility by providing governments, private sector operators, and smallholders with products to protect smallholders’ revenues. Ultimately, the objective of CACHET is the mitigation of price volatility and climate risks to foster a more stable income generation for producers. CACHET’s goal is to mainstream revenue protection against climate related risks and price volatility – notably for export - in IFAD’s activities, where relevant and possible.

This step of CACHET project will focus on scaling up its main objectives by intervening in Malawi.

Specific Outcomes:

• Improved knowledge and skills, the training’s beneficiaries gain a deep understanding of price risk management strategies, which they can pass on.
• The beneficiaries become effective in delivering price risk management education to their peers.
• As the trainers conduct sessions with farmers and agri-SMEs, the broader community benefits from the adoption of best practices in price risk management and development of strategic approaches to mitigate price volatility.
• The long-term impact of improved risk management can be seen in the increased financial stability and the profitability for farmers and agri-SMEs. The enhanced ability to withstand price shocks and market fluctuations will be seen. Effective price risk management training can lead to a greater overall stability in the agricultural sector, improved market efficiency and reduced financial vulnerability for the agriculture sector.