Droughts, cereal prices, and price stabilization options in Ethiopia
Increases in cereal prices can have adverse effects on poor net food buyers. This is a particular problem in Ethiopia because of frequent natural calamities – especially droughts – that lead to significant price hikes. Conversely, falling domestic prices of some cereals (especially maize), typically...
| Main Authors: | , , , |
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| Format: | Artículo preliminar |
| Language: | Inglés |
| Published: |
International Food Policy Research Institute
2018
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/146815 |
| _version_ | 1855519716187045888 |
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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 | Increases in cereal prices can have adverse effects on poor net food buyers. This is a particular problem in Ethiopia because of frequent natural calamities – especially droughts – that lead to significant price hikes. Conversely, falling domestic prices of some cereals (especially maize), typically at harvest time, can be detrimental to producers who are net sellers. Price stabilization efforts are therefore an important consideration for Ethiopian policy makers. This paper 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 cost. We assess the extent to which price stabilization efforts in Ethiopia were effective during the major El Niño induced drought of 2015/16 and find that opportunities were missed to enhance food security and consumer welfare through permitting private sector imports in order to curtail the rise in cereal prices and to reduce fiscal costs for the government and donors. |
| format | Artículo preliminar |
| id | CGSpace146815 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2018 |
| publishDateRange | 2018 |
| publishDateSort | 2018 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1468152025-11-06T05:41:21Z Droughts, cereal prices, and price stabilization options in Ethiopia Dorosh, Paul A. Smart, Jenny Minten, Bart Stifel, David weather hazards cereals drought food security prices Increases in cereal prices can have adverse effects on poor net food buyers. This is a particular problem in Ethiopia because of frequent natural calamities – especially droughts – that lead to significant price hikes. Conversely, falling domestic prices of some cereals (especially maize), typically at harvest time, can be detrimental to producers who are net sellers. Price stabilization efforts are therefore an important consideration for Ethiopian policy makers. This paper 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 cost. We assess the extent to which price stabilization efforts in Ethiopia were effective during the major El Niño induced drought of 2015/16 and find that opportunities were missed to enhance food security and consumer welfare through permitting private sector imports in order to curtail the rise in cereal prices and to reduce fiscal costs for the government and donors. 2018-11-15 2024-06-21T09:08:52Z 2024-06-21T09:08:52Z Working Paper https://hdl.handle.net/10568/146815 en Open Access application/pdf International Food Policy Research Institute Ethiopian Development Research Institute Dorosh, Paul A.; Smart, Jenny; Minten, Bart; and Stifel, David. 2018. Droughts, cereal prices, and price stabilization options in Ethiopia. ESSP Working Paper 126. Washington, DC and Addis Ababa, Ethiopia: International Food Policy Research Institute (IFPRI) and Ethiopian Development Research Institute (EDRI). https://hdl.handle.net/10568/146815 |
| spellingShingle | weather hazards cereals drought food security prices Dorosh, Paul A. Smart, Jenny Minten, Bart Stifel, David Droughts, cereal prices, and price stabilization options in Ethiopia |
| title | Droughts, cereal prices, and price stabilization options in Ethiopia |
| title_full | Droughts, cereal prices, and price stabilization options in Ethiopia |
| title_fullStr | Droughts, cereal prices, and price stabilization options in Ethiopia |
| title_full_unstemmed | Droughts, cereal prices, and price stabilization options in Ethiopia |
| title_short | Droughts, cereal prices, and price stabilization options in Ethiopia |
| title_sort | droughts cereal prices and price stabilization options in ethiopia |
| topic | weather hazards cereals drought food security prices |
| url | https://hdl.handle.net/10568/146815 |
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