Droughts, cereal prices, and price stabilization options
Chapter 9, “Droughts, Cereal Prices, and Price Stabilization Options,” looks at price volatility, causes, and policy options. Increases in cereal prices in Ethiopia often raise concerns about adverse effects for poor net consumers. In particular, the frequent natural calamities—especially droughts—i...
| Autores principales: | , , , |
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| Formato: | Capítulo de libro |
| Lenguaje: | Inglés |
| Publicado: |
International Food Policy Research Institute
2020
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/143250 |
| _version_ | 1855513150828314624 |
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| author | Dorosh, Paul A. Smart, Jenny Minten, Bart Stifel, David |
| author_browse | Dorosh, Paul A. Minten, Bart Smart, Jenny Stifel, David |
| author_facet | Dorosh, Paul A. Smart, Jenny Minten, Bart Stifel, David |
| author_sort | Dorosh, Paul A. |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Chapter 9, “Droughts, Cereal Prices, and Price Stabilization Options,” looks at price volatility, causes, and policy options. Increases in cereal prices in Ethiopia often raise concerns about adverse effects for poor net consumers. In particular, the frequent natural calamities—especially droughts—in Ethiopia can lead to important price hikes. But domestic prices of some cereals (especially maize) fluctuate every year with prices at harvest times substantially dropping, to the detriment of producers. Price stabilization efforts are therefore an important consideration for Ethiopian policymakers. This chapter sheds light on options for cereal price stabilization in Ethiopia drawing on experiences of other developing countries. The international experience in food price stabilization shows that while some countries have achieved success, the efforts of many others have actually destabilized market prices at great fiscal costs. When assessing the extent to which price stabilization efforts in Ethiopia were effective during the major El Niño–induced droughts of 2015 and 2016 (including food aid distributed through the PSNP), the authors find that an opportunity was missed to enhance food security and consumer welfare by allowing private-sector imports to minimize the rise in cereal prices as well as to reduce the fiscal costs to the government and donors. |
| format | Book Chapter |
| id | CGSpace143250 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2020 |
| publishDateRange | 2020 |
| publishDateSort | 2020 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1432502025-11-06T03:51:03Z Droughts, cereal prices, and price stabilization options Dorosh, Paul A. Smart, Jenny Minten, Bart Stifel, David rain imports market prices policies cereals agricultural policies social protection maize trade agrifood systems drought food security food prices wheat social safety nets climate change Chapter 9, “Droughts, Cereal Prices, and Price Stabilization Options,” looks at price volatility, causes, and policy options. Increases in cereal prices in Ethiopia often raise concerns about adverse effects for poor net consumers. In particular, the frequent natural calamities—especially droughts—in Ethiopia can lead to important price hikes. But domestic prices of some cereals (especially maize) fluctuate every year with prices at harvest times substantially dropping, to the detriment of producers. Price stabilization efforts are therefore an important consideration for Ethiopian policymakers. This chapter sheds light on options for cereal price stabilization in Ethiopia drawing on experiences of other developing countries. The international experience in food price stabilization shows that while some countries have achieved success, the efforts of many others have actually destabilized market prices at great fiscal costs. When assessing the extent to which price stabilization efforts in Ethiopia were effective during the major El Niño–induced droughts of 2015 and 2016 (including food aid distributed through the PSNP), the authors find that an opportunity was missed to enhance food security and consumer welfare by allowing private-sector imports to minimize the rise in cereal prices as well as to reduce the fiscal costs to the government and donors. 2020-09-01 2024-05-22T12:12:44Z 2024-05-22T12:12:44Z Book Chapter https://hdl.handle.net/10568/143250 en https://doi.org/10.2499/9780896296916 https://doi.org/10.2499/9780896296930 Open Access application/pdf International Food Policy Research Institute Dorosh, Paul A.; Smart, Jenny; Minten, Bart; and Stifel, David. 2020. Droughts, cereal prices, and price stabilization options. In Ethiopia's agrifood system: Past trends, present challenges, and future scenarios, eds. Paul A. Dorosh and Bart Minten. Part Two: Evolving Markets and Household Consumption, Chapter 9, Pp. 259-297. Washington, DC: International Food Policy Research Institute (IFPRI). https://doi.org/10.2499/9780896296916_09. |
| spellingShingle | rain imports market prices policies cereals agricultural policies social protection maize trade agrifood systems drought food security food prices wheat social safety nets climate change Dorosh, Paul A. Smart, Jenny Minten, Bart Stifel, David Droughts, cereal prices, and price stabilization options |
| title | Droughts, cereal prices, and price stabilization options |
| title_full | Droughts, cereal prices, and price stabilization options |
| title_fullStr | Droughts, cereal prices, and price stabilization options |
| title_full_unstemmed | Droughts, cereal prices, and price stabilization options |
| title_short | Droughts, cereal prices, and price stabilization options |
| title_sort | droughts cereal prices and price stabilization options |
| topic | rain imports market prices policies cereals agricultural policies social protection maize trade agrifood systems drought food security food prices wheat social safety nets climate change |
| url | https://hdl.handle.net/10568/143250 |
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