What Drives Local Food Prices? Evidence from the Tanzanian Maize Market
We examine the drivers of monthly changes in maize prices across 18 Tanzanian markets. Local prices respond three to four times faster to the main regional market (Nairobi) than to the international benchmark (US Gulf). More importantly, shocks from Nairobi account for only one third of the explained variation in domestic prices; the remaining two-thirds is accounted for by domestic influences (including harvest cycles, weather shocks, and trade policies). Further, we show that remoteness and the local agroecology systematically influence the behavior of food prices.
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| Format: | Journal Article biblioteca |
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Published by Oxford University Press on behalf of the World Bank
2019-02
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| Subjects: | MAIZE, FOOD PRICES, PRICE TRANSMISSION, TRADE POLICY, WEATHER ANOMALIES, WEATHER SHOCK, |
| Online Access: | http://hdl.handle.net/10986/34293 http://dx.doi.org/10.1596/34293 |
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dig-okr-10986342932023-04-04T13:14:38Z What Drives Local Food Prices? Evidence from the Tanzanian Maize Market Baffes, John Kshirsagar, Varun Mitchell, Donald MAIZE FOOD PRICES PRICE TRANSMISSION TRADE POLICY WEATHER ANOMALIES WEATHER SHOCK We examine the drivers of monthly changes in maize prices across 18 Tanzanian markets. Local prices respond three to four times faster to the main regional market (Nairobi) than to the international benchmark (US Gulf). More importantly, shocks from Nairobi account for only one third of the explained variation in domestic prices; the remaining two-thirds is accounted for by domestic influences (including harvest cycles, weather shocks, and trade policies). Further, we show that remoteness and the local agroecology systematically influence the behavior of food prices. 2020-08-06T19:14:33Z 2020-08-06T19:14:33Z 2019-02 Journal Article Article de journal Artículo de revista World Bank Economic Review 1564-698X http://hdl.handle.net/10986/34293 http://dx.doi.org/10.1596/34293 World Bank Economic Review CC BY-NC-ND 3.0 IGO World Bank http://creativecommons.org/licenses/by-nc-nd/3.0/igo application/pdf Published by Oxford University Press on behalf of the World Bank |
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Banco Mundial |
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Estados Unidos |
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biblioteca |
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America del Norte |
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Biblioteca del Banco Mundial |
| topic |
MAIZE FOOD PRICES PRICE TRANSMISSION TRADE POLICY WEATHER ANOMALIES WEATHER SHOCK MAIZE FOOD PRICES PRICE TRANSMISSION TRADE POLICY WEATHER ANOMALIES WEATHER SHOCK |
| spellingShingle |
MAIZE FOOD PRICES PRICE TRANSMISSION TRADE POLICY WEATHER ANOMALIES WEATHER SHOCK MAIZE FOOD PRICES PRICE TRANSMISSION TRADE POLICY WEATHER ANOMALIES WEATHER SHOCK Baffes, John Kshirsagar, Varun Mitchell, Donald What Drives Local Food Prices? Evidence from the Tanzanian Maize Market |
| description |
We examine the drivers of monthly changes in maize prices across 18 Tanzanian markets. Local prices respond three to four times faster to the main regional market (Nairobi) than to the international benchmark (US Gulf). More importantly, shocks from Nairobi account for only one third of the explained variation in domestic prices; the remaining two-thirds is accounted for by domestic influences (including harvest cycles, weather shocks, and trade policies). Further, we show that remoteness and the local agroecology systematically influence the behavior of food prices. |
| format |
Journal Article |
| topic_facet |
MAIZE FOOD PRICES PRICE TRANSMISSION TRADE POLICY WEATHER ANOMALIES WEATHER SHOCK |
| author |
Baffes, John Kshirsagar, Varun Mitchell, Donald |
| author_facet |
Baffes, John Kshirsagar, Varun Mitchell, Donald |
| author_sort |
Baffes, John |
| title |
What Drives Local Food Prices? Evidence from the Tanzanian Maize Market |
| title_short |
What Drives Local Food Prices? Evidence from the Tanzanian Maize Market |
| title_full |
What Drives Local Food Prices? Evidence from the Tanzanian Maize Market |
| title_fullStr |
What Drives Local Food Prices? Evidence from the Tanzanian Maize Market |
| title_full_unstemmed |
What Drives Local Food Prices? Evidence from the Tanzanian Maize Market |
| title_sort |
what drives local food prices? evidence from the tanzanian maize market |
| publisher |
Published by Oxford University Press on behalf of the World Bank |
| publishDate |
2019-02 |
| url |
http://hdl.handle.net/10986/34293 http://dx.doi.org/10.1596/34293 |
| work_keys_str_mv |
AT baffesjohn whatdriveslocalfoodpricesevidencefromthetanzanianmaizemarket AT kshirsagarvarun whatdriveslocalfoodpricesevidencefromthetanzanianmaizemarket AT mitchelldonald whatdriveslocalfoodpricesevidencefromthetanzanianmaizemarket |
| _version_ |
1767604063500763136 |