Meat Sector Policy Note: Reducing Price Instability in the Mongolian Meat Market

Meat plays an important role in the diets of the majority of Mongolians. Since the economic and political transition in the early 1990s, seasonal meat price fluctuations have become increasingly marked. In parallel, Mongolia is becoming increasingl...

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Bibliographic Details
Main Author:	Goodland, Andrew
Format:	Policy Note
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	AGRICULTURE ANIMAL ANIMAL HEALTH ANIMAL HEALTH CONCERNS ANIMAL PRODUCTS ANIMALS BEEF CATTLE CATTLE NUMBERS CATTLE POPULATION DAIRY DAIRY PRODUCTS DIET DOMESTIC LIVESTOCK DOMESTIC MARKET DOMESTIC MARKETS DRIED MEAT ECONOMIC GROWTH EGGS EXPENDITURE FEED FLOUR FOOD CONSUMPTION FOOD INTAKE FOOD MARKETS FOOD NEEDS FOOD POLICY FOOD PRICES FOOD PROCESSORS FOOD PRODUCTS FOOD SECURITY FOOD STAPLES FOODS FORWARD MARKET FREEZING FROZEN MEAT FRUITS GOAT MEAT GOATS GRAINS GRAZING HERDERS HERDING HERDS HORSE HORSE MEAT HOUSEHOLD FOOD SECURITY HOUSEHOLD INCOME HUNTING IMPACTS OF POLICIES INFORMATION SYSTEM INTERNATIONAL MARKET INTERNATIONAL MARKETS INTERNATIONAL TRADE LACK OF INFORMATION LIGHT INDUSTRY LIVESTOCK LIVESTOCK MARKETING LIVESTOCK PRODUCT LIVESTOCK PRODUCTS LIVESTOCK SECTOR LIVESTOCK SYSTEM MARKET DEVELOPMENT MARKET DISTORTION MARKET ECONOMY MARKET EQUILIBRIUM MARKET FAILURE MARKET INFORMATION MARKET PRICE MARKET PRICES MARKET SHARE MARKETING MEAT MEAT CONSUMPTION MEAT INDUSTRY MEAT PRICE MEAT PRICES MEAT PROCESSING MEAT PRODUCTION MEAT PRODUCTS MEAT SECTOR MEAT TRADERS MIGRANTS MORTALITY MUTTON NATIONAL LIVESTOCK NATIONAL POPULATION NUTRITIONAL VALUE OFFAL PACKAGING PASTURE GRAZING PASTURES PERSONAL COMMUNICATION POLICY ANALYSIS POLICY FRAMEWORK POLICY GUIDANCE POLICY MAKERS PORK POULTRY POVERTY ALLEVIATION PRICE FLOOR PRICE FLUCTUATIONS PRICE STABILIZATION PRICE TRENDS PROTEIN PUBLIC SUPPORT PURCHASING REFRIGERATION RESOURCE ALLOCATIONS RESTAURANTS RETAIL RETAIL MARKET RETAILING RURAL AREAS RURAL DEVELOPMENT RURAL PRODUCERS SALE SLAUGHTER HOUSES SMALL HERDS SPECIES SPREAD STOCKS SUPERMARKET SUPERMARKETS SUPPLY CHAIN SUPPLY CHAINS TRADITIONAL PRACTICE TRANSPORTATION URBAN AREAS URBAN CENTERS URBAN CENTRES URBAN DWELLERS URBANIZATION VEGETABLES VETERINARY VULNERABLE GROUPS WHEAT WHOLESALERS
Online Access:	http://documents.worldbank.org/curated/en/2010/04/16418017/mongolia-meat-sector-policy-note-reducing-price-instability-mongolian-meat-marketbr http://hdl.handle.net/10986/12846

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Summary:	Meat plays an important role in the diets of the majority of Mongolians. Since the economic and political transition in the early 1990s, seasonal meat price fluctuations have become increasingly marked. In parallel, Mongolia is becoming increasingly urbanized, and urban consumers are dependent upon markets to access food, including meat, for household food security. These two trends have meant that a rising number of urban residents are vulnerable to fluctuations of price in one of their main staples. Government has responded to this by trying to influence the price of meat through a price stabilization policy under which public funds support the purchase and storage of meat and the release of these reserves during periods of peak prices. While some public intervention to smooth prices is a legitimate area for policy engagement, this policy note concludes that there is no evidence that the current policy has an impact on prices, and worse still, it may even discourage private meat storage. This is set in a context of relatively low budget allocation (by international standards) to the agricultural sector. What is required is a more comprehensive approach for developing the meat market and the livestock sector more broadly, and with regard to price stabilization, the consideration of a number of alternative policy responses that limits government expenditure and encourage market-based solutions.

Meat Sector Policy Note: Reducing Price Instability in the Mongolian Meat Market

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