Transmission Of World Food Price Changes To African Markets And Its Effect On Household Welfare

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Transmission of World Food Price Changes to African Markets and Its Effect on Household Welfare

Author : Nicholas Minot
Publisher :
ISBN 13 :
Total Pages : 53 pages
Book Rating : 4.:/5 (69 download)

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Book Synopsis Transmission of World Food Price Changes to African Markets and Its Effect on Household Welfare by : Nicholas Minot

Download or read book Transmission of World Food Price Changes to African Markets and Its Effect on Household Welfare written by Nicholas Minot and published by . This book was released on 2009 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global food crisis of 2007-08 was characterized by a dramatic increase in the prices of agricultural commodities in international markets. Between January 2007 and March 2008, the food price index of the Food and Agriculture Organization (FAO) rose 61%. Staple food crop prices rose even more steeply: over the same period, the prices of wheat and rice doubled, while that of maize increased by 42%. Since then, food prices have declined somewhat, but prices remain significantly higher than the average in 2006. For example, the average price of rice in 2009 is 90% higher than the average level in 2006 (FAO, 2009). High world prices were transmitted to domestic markets, eroding the purchasing power of urban households and other net buyers of food, forcing them to reduce non-food spending and shift to cheaper foods. Poor urban households were particularly affected because they spend a large share of their income on food. At the national level, food importing countries faced balance of payment pressure as the cost of food imports rose. In addition, the cost of operating food and nutrition programs at the national and international level rose steeply. In dozens of countries, the high prices sparked demonstrations and sometimes riots. A number of countries, including Argentina, India, Russia, and Vietnam, responded by restricting rice and wheat exports in an attempt to keep domestic prices from rising. Finally, at the international level, food aid budgets were stretched, as increased need in developing countries coincided with decreased purchasing power of the World Food Programme and other food aid agencies (Benson et al. 2008).

Food Price Volatility and Its Implications for Food Security and Policy

Author : Matthias Kalkuhl
Publisher : Springer
ISBN 13 : 3319282018
Total Pages : 620 pages
Book Rating : 4.3/5 (192 download)

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Book Synopsis Food Price Volatility and Its Implications for Food Security and Policy by : Matthias Kalkuhl

Download or read book Food Price Volatility and Its Implications for Food Security and Policy written by Matthias Kalkuhl and published by Springer. This book was released on 2016-04-12 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides fresh insights into concepts, methods and new research findings on the causes of excessive food price volatility. It also discusses the implications for food security and policy responses to mitigate excessive volatility. The approaches applied by the contributors range from on-the-ground surveys, to panel econometrics and innovative high-frequency time series analysis as well as computational economics methods. It offers policy analysts and decision-makers guidance on dealing with extreme volatility.

Poverty impacts of food price increases in Burkina Faso

Author : Minot, Nicholas
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 9 pages
Book Rating : 4./5 ( download)

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Book Synopsis Poverty impacts of food price increases in Burkina Faso by : Minot, Nicholas

Download or read book Poverty impacts of food price increases in Burkina Faso written by Minot, Nicholas and published by Intl Food Policy Res Inst. This book was released on 2023-09-05 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: The prices of many agricultural commodities, including many staple grains, started to increase in mid-2020 partly due to supply chain bottlenecks associated with the outbreak of Covid-19. The invasion of Ukraine by Russia in February 2022 caused an additional spike in commodity prices, particularly wheat and maize. This brief estimates the impact of these price increases on poverty in Burkina Faso. It is part of a series of six such briefs that estimate the poverty impact of higher world prices for staple grains. The other briefs cover Kenya, Ethiopia, Niger, Nigeria, and Mali (see Minot and Martin, 2023a and 2023b; Martin and Minot, 2023a, 2023b, and 2023c). We use the same approach in all six country studies. The analysis starts by exploring the effect of the rise in international grain prices on the real price of selected grains in the domestic markets of the country. Next, we estimate the impact of the changes in domestic grain prices on the real income of each household in a nationally representative survey, taking into account the importance of the commodities in consumption and as a source of income for each household. Finally, changes in headcount poverty (the share of people living below the poverty line) are estimated based on the changes in real income for each household in the sample. We focus on the prices of maize, wheat, and sorghum for reasons discussed below. The methods are described in more detail in a method brief.

Food Prices and Rural Poverty

Author : Centre for Economic Policy Research
Publisher : CEPR
ISBN 13 : 1907142134
Total Pages : 350 pages
Book Rating : 4.9/5 (71 download)

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Book Synopsis Food Prices and Rural Poverty by : Centre for Economic Policy Research

Download or read book Food Prices and Rural Poverty written by Centre for Economic Policy Research and published by CEPR. This book was released on 2010-11-15 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: The impact of price developments on world food markets on poor households in developing countries is an important policy question. Who gains and who loses from agricultural commodity price changes depends on the specific circumstances of households, and, at the level of nations, on the structure of production and trade. The contributions to this volume review trends in international prices and trade patterns of key food commodities, and assess the incidence of food price changes in a number of developing countries using household level data on sources of incomes and consumption patterns.

The Economics of Food Price Volatility

Author : Jean-Paul Chavas
Publisher : University of Chicago Press
ISBN 13 : 022612892X
Total Pages : 394 pages
Book Rating : 4.2/5 (261 download)

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Book Synopsis The Economics of Food Price Volatility by : Jean-Paul Chavas

Download or read book The Economics of Food Price Volatility written by Jean-Paul Chavas and published by University of Chicago Press. This book was released on 2014-10-14 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The conference was organized by the three editors of this book and took place on August 15-16, 2012 in Seattle."--Preface.

Poverty impacts of food price increases in Kenya

Author : Minot, Nicholas
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 8 pages
Book Rating : 4./5 ( download)

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Book Synopsis Poverty impacts of food price increases in Kenya by : Minot, Nicholas

Download or read book Poverty impacts of food price increases in Kenya written by Minot, Nicholas and published by Intl Food Policy Res Inst. This book was released on 2023-09-05 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kenya is potentially very vulnerable to sharp increases in the prices of key staple grains such as maize and wheat, both because these are important in diets and because Kenya depends on im ports of these products. A first step in understanding the impacts of changes in the prices of these products is to examine developments in their prices on world markets. After a long period of rela tively stable prices on world markets, the prices of key food staples began to rise from around the beginning of 2020. This period of price increases, spanning the COVID-19 pandemic and then the price shocks following Russia’s invasion of Ukraine raised serious concerns about the welfare of poor people in countries such as Kenya. Figure 1 shows the movements in the prices of four key grain staples—maize, rice, sorghum and wheat—from the beginning of 2020.

Poverty impacts of food price increases in Niger

Author : Minot, Nicholas
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 8 pages
Book Rating : 4./5 ( download)

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Book Synopsis Poverty impacts of food price increases in Niger by : Minot, Nicholas

Download or read book Poverty impacts of food price increases in Niger written by Minot, Nicholas and published by Intl Food Policy Res Inst. This book was released on 2023-09-05 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: The prices of staple grains began rising in mid-2020, reflecting higher fertilizer prices and the supply chain bottlenecks caused by the outbreak of Covid-19, and increased sharply following the Russian invasion of Ukraine in early 2022. How have these dramatic increases in world prices of cereals affected poverty in low-income countries? This brief estimates the impact of higher world grain prices on poverty in Niger. Other briefs in this series examine the impact of higher food prices on poverty in Kenya, Ethiopia, Nigeria, Burkina Faso, and Mali (see Minot and Martin, 2023a and 2023b; Martin and Minot, 2023a, 2023b, and 2023c). All six studies use a similar approach. First, we examine the effect of the rise in international cereal prices on the real price of key grains in the domestic markets of the country. Second, we estimate the impact of the changes in domestic grain prices on the real income of each household using nationally-representative survey data, taking into account the importance of the commodities in consumption and as a source of income for each household. Finally, we estimate the changes in headcount poverty (the share of people living below the poverty line) based on the changes in real income for each household in the sample. We focus on the prices of maize, wheat, and sorghum for reasons discussed below.

Poverty impacts of food price increases in Mali

Author : Minot, Nicholas
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 8 pages
Book Rating : 4./5 ( download)

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Book Synopsis Poverty impacts of food price increases in Mali by : Minot, Nicholas

Download or read book Poverty impacts of food price increases in Mali written by Minot, Nicholas and published by Intl Food Policy Res Inst. This book was released on 2023-09-05 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: Because of low incomes and associated large shares of expenditure on food, Mali is potentially very vulnerable to sharp increases in the prices of key grain staples such as maize and wheat. A first step in understanding the impacts of changes in the prices of these products is to examine developments in their prices on world markets. After a long period of relatively stable prices on world markets, the prices of key food staples began to rise during 2020. This period of price increases, spanning the COVID-19 pandemic and then the price shocks following Russia’s invasion of Ukraine raised serious concerns about the welfare of poor people in countries such as Mali.

Impacts of World Food Program Local and Regional Procurement of Food Aid on Markets, Household Welfare and Food Supply Chains in Africa

Download Impacts of World Food Program Local and Regional Procurement of Food Aid on Markets, Household Welfare and Food Supply Chains in Africa PDF Online Free

Author : Helder Zavale
Publisher :
ISBN 13 : 9781321119060
Total Pages : 160 pages
Book Rating : 4.1/5 (19 download)

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Book Synopsis Impacts of World Food Program Local and Regional Procurement of Food Aid on Markets, Household Welfare and Food Supply Chains in Africa by : Helder Zavale

Download or read book Impacts of World Food Program Local and Regional Procurement of Food Aid on Markets, Household Welfare and Food Supply Chains in Africa written by Helder Zavale and published by . This book was released on 2014 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:

implications of higher global food prices for poverty in low-income countries

Author : Maros Ivanic
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 57 pages
Book Rating : 4./5 ( download)

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Book Synopsis implications of higher global food prices for poverty in low-income countries by : Maros Ivanic

Download or read book implications of higher global food prices for poverty in low-income countries written by Maros Ivanic and published by World Bank Publications. This book was released on 2008 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: In many poor countries, the recent increases in prices of staple foods raise the real incomes of those selling food, many of whom are relatively poor, while hurting net food consumers, many of whom are also relatively poor. The impacts on poverty will certainly be very diverse, but the average impact on poverty depends upon the balance between these two effects, and can only be determined by looking at real-world data. Results using household data for ten observations on nine low-income countries show that the short-run impacts of higher staple food prices on poverty differ considerably by commodity and by country, but, that poverty increases are much more frequent, and larger, than poverty reductions. The recent large increases in food prices appear likely to raise overall poverty in low income countries substantially.

Africa Can Help Feed Africa

Author : The World Bank
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 106 pages
Book Rating : 4./5 ( download)

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Book Synopsis Africa Can Help Feed Africa by : The World Bank

Download or read book Africa Can Help Feed Africa written by The World Bank and published by World Bank Publications. This book was released on 2012 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rise in global food prices and the ever-growing food import bill have prompted sharp attention on agricultural policies in Africa. African policy makers are grappling with what unstable food prices mean for their countries; how these price movements will affect their food security situation; how the private sector is likely to respond; and what governments themselves can do. In addition, they fear that global warming may significantly change the location of food production within Africa. This report discusses how opening up cross-border trade will boost the potential for greater food production in Africa and contribute to food security by improving poor people’s access to food and by increasing returns to poor farmers for the food they produce.

Transmission of World Food Price Changes to Markets in Sub-Saharan Africa

Author : Nicholas Minot
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (87 download)

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Book Synopsis Transmission of World Food Price Changes to Markets in Sub-Saharan Africa by : Nicholas Minot

Download or read book Transmission of World Food Price Changes to Markets in Sub-Saharan Africa written by Nicholas Minot and published by . This book was released on 2010 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Food Systems in Africa

Author : Gaëlle Balineau
Publisher : World Bank Publications
ISBN 13 : 1464815895
Total Pages : 166 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Food Systems in Africa by : Gaëlle Balineau

Download or read book Food Systems in Africa written by Gaëlle Balineau and published by World Bank Publications. This book was released on 2021-01-11 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rapid population growth, poorly planned urbanization, and evolving agricultural production and distribution practices are changing foodways in African cities and creating challenges: Africans are increasingly facing hunger, undernutrition, and malnutrition. Yet change also creates new opportunities. The food economy currently is the main source of jobs on the continent, promising more employment in the near future in farming, food processing, and food product distribution. These opportunities are undermined, however, by inefficient links among farmers, intermediaries, and consumers, leading to the loss of one-third of all food produced. This volume is an in-depth analysis of food system shortcomings in three West African cities: Abidjan, Côte d’Ivoire; Rabat, Morocco; and Niamey, Niger. Using the lens of geographical economics and sociology, the authors draw on quantitative and qualitative field surveys and case studies to offer insightful analyses of political institutions. They show the importance of “hard†? physical infrastructure, such as transport, storage, and wholesale and retail market facilities. They also describe the “soft†? infrastructure of institutions that facilitate trade, such as interpersonal trust, market information systems, and business climates. The authors find that the vague mandates and limited capacities of national trade and agriculture ministries, regional and urban authorities, neighborhood councils, and market cooperatives often hamper policy interventions. This volume comes to a simple conclusion: international development policy makers and their financial and technical partners have neglected urban markets for far too long, and now is the time to rethink and reinvest in this complex yet crucial subject.

Global Food-Price Shocks and Poor People

Author : Marc J. Cohen
Publisher : Routledge
ISBN 13 : 1317979079
Total Pages : 339 pages
Book Rating : 4.3/5 (179 download)

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Book Synopsis Global Food-Price Shocks and Poor People by : Marc J. Cohen

Download or read book Global Food-Price Shocks and Poor People written by Marc J. Cohen and published by Routledge. This book was released on 2014-06-11 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the effects of high and volatile food prices during 2007-08 on low-income farmers and consumers in developing, transition, and industrialized countries. Previous studies of this crisis have mostly used models to estimate the likely impacts. This volume includes actual evidence from the field as to how higher prices affected access to food and farm income among poor people. In addition to country and regional case studies, the book presents discussions of cross-cutting themes, including gender, risk management, violence, the importance of subsistence farming as a coping strategy, and the role of governments and markets in addressing higher prices. With 2011 witnessing an unprecedentedly high level of food prices, the findings and policy recommendations presented here should prove useful to both scholars and policy makers in understanding the causes and consequences, as well as the policies needed to ensure food security in light of the skyrocketing cost of food. This book was published as a special double issue of Development in Practice.

Safeguarding Food Security in Volatile Global Markets

Author : Adam Prakash
Publisher : Bright Sparks
ISBN 13 :
Total Pages : 620 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Safeguarding Food Security in Volatile Global Markets by : Adam Prakash

Download or read book Safeguarding Food Security in Volatile Global Markets written by Adam Prakash and published by Bright Sparks. This book was released on 2011 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely publication as world leaders deliberate the causes of the latest bouts of food price volatility and search for solutions that address the recent velocity of financial, economic, political, demographic, and climatic change. As a collection compiled from a diverse group of economists, analysts, traders, institutions and policy formulators - comprising multiple methodologies and viewpoints - the book exposes the impact of volatility on global food security, with particular focus on the world's most vulnerable.

Transmission of Global Food Prices to Domestic Prices in Developing Countries

Author : Weltbank
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (125 download)

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Book Synopsis Transmission of Global Food Prices to Domestic Prices in Developing Countries by : Weltbank

Download or read book Transmission of Global Food Prices to Domestic Prices in Developing Countries written by Weltbank and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Transmission of international food prices to domestic prices is essential to pursue comparative-advantage-based, sustainable agricultural production, and to ensure domestic production responds to global food scarcity or surplus. (i) International prices are opportunity costs for most price-taking developing countries and are crucial in determining an efficient distribution of domestic resources. When the long-term trend of international prices is transmitted slowly and imperfectly to domestic markets, consumers and producers make decisions based on prices that do not represent their real social costs and benefits. There is strong empirical evidence from both developing and developed countries that any large, sustained deviation of domestic prices from world prices in either direction leads to substantially sub-optimal outcomes and slows the rate of economic growth; and (ii) as international food prices reflect global scarcity or surplus, their transmission to domestic prices can help improved the global responsiveness of the food system to shocks. The recent increase in the volatility of international food prices is, therefore, a big concern. These volatile and unpredictable prices may undermine incentives for farmers to respond to high price levels with the critical increase in production needed to bring food prices down. In practical terms, farmers decide what to plant and countries deciding when to import face uncertainty in the likely distribution of world food prices and greater consequences when using past price levels and distributions to guide current decisions. This uncertainty keeps food prices high for a longer period, leading to fundamental food security risks for consumers and governments. To achieve more efficient domestic price formation, policy actions need to focus on (i) strengthening the integration of local markets with international markets (through investments in infrastructure and market-oriented policies), especially local markets that are more volatile than international markets, (ii) reducing global food price volatility, including through more discipline on trade policy, and (iii) strengthening safety nets to rapidly and cost-effectively protect the poor and vulnerable from the food price spikes.

Methods used to estimate the poverty impact of increases in international food prices

Author : Minot, Nicholas
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 6 pages
Book Rating : 4./5 ( download)

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Book Synopsis Methods used to estimate the poverty impact of increases in international food prices by : Minot, Nicholas

Download or read book Methods used to estimate the poverty impact of increases in international food prices written by Minot, Nicholas and published by Intl Food Policy Res Inst. This book was released on 2023-10-12 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: The prices of agricultural commodities have increased on international markets since the outbreak of the Covid-19 pandemic in early 2020 and spiked after the invasion of Ukraine by Russia in February 2022. The price increases were particularly notable in the case of wheat, maize, and sorghum, which are staple foods in many developing countries. This prompted a wave of research to better understand the effect of these price changes on income and poverty in low-income countries. IFPRI carried out a set of country studies to explore the poverty impact of higher staple grain prices on six countries in sub-Saharan Africa: Mali, Burkina Faso, Niger, Nigeria, Kenya, and Ethiopia (see Martin and Minot, 2023a, 2023b, and 2023c and Minot and Martin, 2023a, 2023b, and 2023c). This brief describes the methods and data used in those studies.