Managing Food Price Risks and Instability in an Environment of Market Liberalization

This report, Managing Food Price Risks and Instability in an Environment of Market Liberalization, studies the food price instability and risk problem in low-income countries and investigates the benefits and costs of alternative policy responses, and provides guidance on how to make the transition from state-dominated markets to private markets. The report concludes that problems of food price instability and food insecurity need to be addressed by developing: measures to improve overall productivity of food staples, measures to promote irrigation or crop diversification to reduce climate risks, improvements of the overall efficiency of markets, including investments in transport and communication infrastructure, storage, information systems, and market regulations. The report stresses that direct public interventions in food markets to manage food price risk should be a last resort. Specific policy recommendations are made to achieve these objectives.

Bibliographic Details

Main Author:	World Bank
Format:	Other Agricultural Study biblioteca
Language:	English en_US
Published:	Washington, DC 2005
Subjects:	AGRICULTURAL ECONOMICS, AGRICULTURAL PRODUCTION, AGRICULTURE, ALTERNATIVE POLICIES, BALANCE SHEETS, BUSINESS CLIMATE, BUSINESS ENVIRONMENT, CA, CALORIE INTAKE, CASSAVA, CENTRAL BANK, CEREAL IMPORTS, CEREAL PRICE, CEREAL PRICES, CEREALS, CLIMATIC CONDITIONS, COMMODITIES, COMMODITY, COMMODITY PRICE, CONSUMER DEMAND, CONSUMER PRICE, CONSUMER PRICE INSTABILITY, CONSUMER PRICES, CONSUMER WELFARE, COPYRIGHT CLEARANCE, COPYRIGHT CLEARANCE CENTER, CROPPING PATTERNS, DEVALUATIONS, DEVELOPED COUNTRIES, DEVELOPING COUNTRIES, DIRECT GOVERNMENT INTERVENTION, DIRECT PAYMENTS, DOMESTIC FOOD PRODUCTION, DOMESTIC INFLATION, DOMESTIC MARKET, DOMESTIC MARKETS, DOMESTIC PRICE, DOMESTIC PRICES, ECONOMIC GROWTH, EFFICIENT MARKET, ENTRY POINTS, EXCHANGE RATE, EXCHANGE RATES, EXPENDITURE, EXPENDITURES, EXPOSURE, EXPOSURE TO RISKS, EXTERNAL TRADE, EXTERNALITIES, FARM HOUSEHOLDS, FARM SIZES, FINANCIAL INSTITUTIONS, FINANCIAL MARKETS, FINANCIAL SUPPORT, FINANCIAL SYSTEMS, FOOD AID, FOOD CONSUMPTION, FOOD CONSUMPTION PATTERNS, FOOD CROP, FOOD CROP PRODUCTION, FOOD CROPS, FOOD DISTRIBUTION, FOOD EXPENDITURES, FOOD GRAIN, FOOD GRAINS, FOOD IMPORTS, FOOD INSECURITY, FOOD MARKET LIBERALIZATION, FOOD MARKET REFORM, FOOD MARKETING, FOOD MARKETING SYSTEMS, FOOD MARKETS, FOOD NEEDS, FOOD POLICIES, FOOD POLICY, FOOD POLICY ANALYSIS, FOOD POLICY ENVIRONMENT, FOOD PRICE, FOOD PRICE INSTABILITY, FOOD PRICE VARIABILITY, FOOD PRICES, FOOD PRODUCTION, FOOD SECURITY, FOOD SECURITY POLICY, FOOD SHORTFALLS, FOOD STAPLES, FOOD SUPPLY, FOOD SYSTEMS, FOOD UTILIZATION, FOREIGN EXCHANGE, FORWARD CONTRACTS, FREE TRADE, FREE TRADE AGREEMENT, FRUITS, FUTURES, GLOBAL CLIMATE, GLOBAL CLIMATE CHANGE, GLOBAL MARKETS, GOVERNMENT INTERVENTIONS, GRAIN MARKETS, GRAIN MOVEMENT, GRAIN PRICES, GRAINS, GROSS DOMESTIC PRODUCT, HOUSEHOLD FOOD, HOUSEHOLD FOOD SECURITY, HOUSEHOLD INCOME, HOUSEHOLD LEVEL, HOUSEHOLD SURVEY, HOUSEHOLD SURVEYS, INCOME, INCOME GROUPS, INCOMES, INFLATION, INFORMATION SYSTEMS, INSTITUTIONAL CAPACITY, INSURANCE, INSURERS, LIVESTOCK PRODUCTS, LOCAL MARKET, LOW-INCOME COUNTRIES, MAIZE, MAIZE MARKET, MAIZE MARKET REFORMS, MAIZE PRICES, MAIZE PRODUCER PRICE, MAIZE PRODUCERS, MAIZE PRODUCTION, MAIZE PRODUCTS, MAIZE SUPPLY, MARKET CONDITIONS, MARKET DEVELOPMENT, MARKET ECONOMY, MARKET INFORMATION, MARKET INFRASTRUCTURE, MARKET LIBERALIZATION, MARKET PERFORMANCE, MARKET PRICES, MARKET REFORM, MARKET REFORMS, MARKET REGULATIONS, MARKET RISKS, MARKET SHARE, MARKETING COSTS, MARKETING POLICY, MEAL, MIDDLE-INCOME COUNTRIES, NATIONAL INCOME, NATURAL DISASTER, NATURAL DISASTERS, NET IMPORTS, NEW MARKET, OUTPUT, PARTICULAR COUNTRIES, POLICY DECISIONS, POLITICAL ECONOMY, POLITICAL SYSTEM, POST HARVEST SURVEY, POTATO, POTATO PRODUCTION, PRICE BANDS, PRICE FLUCTUATIONS, PRICE INCENTIVES, PRICE INSTABILITY, PRICE LEVELS, PRICE MOVEMENTS, PRICE POLICIES, PRICE POLICY, PRICE RISK, PRICE RISKS, PRICE STABILITY, PRICE STABILIZATION, PRICE TREND, PRICE VOLATILITY, PRICING POLICIES, PRIVATE MARKET, PRIVATE MARKETS, PRODUCER PRICE, PRODUCER PRICES, PRODUCTIVITY GROWTH, PUBLIC EXPENDITURES, PUBLIC FUNDS, PUBLIC GOODS, PUBLIC POLICY, PURCHASING, RAPID GROWTH, REFORM PROGRAM, REFORM PROGRAMS, REGIONAL MARKETS, REGIONAL TRADE, REMOTE AREAS, REMOTE REGIONS, RETAIL, RETAIL PRICES, RICE, RISK MANAGEMENT, SAFETY NET, SAFETY NETS, SALE, SALES, SOCIAL COSTS, SORGHUM, STABILIZATION POLICY, STAPLE FOOD NEEDS, STAPLE FOODS, STOCKS, STRUCTURAL ADJUSTMENT, SUBSTITUTE, SUBSTITUTE FOODS, SUBSTITUTES, SUBSTITUTION, SUPPLY SHOCKS, SURPLUS, TOTAL SALES, TRADE OPPORTUNITIES, TRADEOFFS, TRANSACTION COSTS, TRANSACTIONS COSTS, TRANSPARENCY, TREASURY, VEGETABLES, WAREHOUSE, WFP, WHEAT, WHITE MAIZE, WHOLESALE MAIZE, WHOLESALE PRICE, WORLD FOOD PROGRAMME, WORLD MARKET, WORLD MARKETS, WORLD TRADE, YELLOW MAIZE,
Online Access:	http://documents.worldbank.org/curated/en/2005/01/16274716/managing-food-price-risks-instability-environment-market-liberalization http://hdl.handle.net/10986/8264
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