What Drives Local Food Prices? : Evidence from the Tanzanian Maize Market

This study quantifies the relationship between Tanzanian and external maize markets while also accounting for domestic influences. It concludes that external influences on domestic prices originate from regional, rather than global, markets. It als...

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Main Authors:	Baffes, John, Kshirsagar, Varun, Mitchell, Donald
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	GROWTH RATES ECONOMIC GROWTH OIL PRICE DOMESTIC SOURCES COMMODITY EXPORT PRICE LEVELS COST OF PRODUCTION RESPONSE TO CLIMATE CHANGE FAMINES INCOME INTEREST AGRICULTURAL PRODUCTION EXTERNAL PRICE EXCHANGE PRICE SETTING DOMESTIC MARKET DEVELOPING COUNTRIES FOOD POLICY INCENTIVES WORLD MARKETS AGRICULTURAL ECONOMICS PRICING DOMESTIC PRICE PRICE MARKET INFRASTRUCTURE PRICE UNCERTAINTY INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE MARKET PARTICIPANTS MAIZE FOOD MARKETS OIL PRICES CEREALS COMMERCIALIZATION DEVELOPMENT ECONOMICS FOOD POLICY RESEARCH LOW-INCOME COUNTRIES PRICING POLICY PRICE VOLATILITY FOOD PRICE SURPLUS PRODUCTS DEMOCRACY SUPPLY SHOCKS MONETARY FUND MARKETING MARKETS CONNECTIVITY IMPORTS PRODUCT FOOD POLICIES FAMINE PRICING POLICIES FOOD AID SOYBEAN TAXES PRICE CHANGE CLIMATE VARIABILITY DEREGULATION FOOD PROCESSING FACILITIES CONSUMPTION MARKET ANALYSIS SUBSTITUTE FOOD SECURITY CLIMATE CHANGE POLICIES DOMESTIC MARKETS INTERNATIONAL TRADE VOLATILITY MARKET CONDITIONS FUTURE MARKET PRICES VALUE THIRD WORLD ECONOMIC DATA CLIMATE ANIMAL FEED DEMAND LOWER PRICE CONSUMER PRICE PRICE CHANGES AGRICULTURE INCOMES PRICE SPREAD FUEL PRICES PRICE ADJUSTMENT AVERAGE PRICE MARKET FOOD SUPPLY CHAIN SMALL COUNTRY POLICY OUTPUT PRICE MOVEMENTS EXTERNAL MARKET FOOD SURPLUS TRADE DOMESTIC PRICES SECURITY CORN LIQUID MARKET FOOD CROPS LOWER PRICES SHARE FOOD SUPPLY SUPPLY EXTERNAL SHOCKS COMMODITY MARKETS WHEAT FOOD AVAILABILITY INVESTMENTS MARKET INTEGRATION RICE CONSUMER PRICE INDEX CIVIL WAR COMMODITIES ARBITRAGE FOOD PRICES PRICE CONTROLS EXTERNAL MARKETS FOOD PROCESSING PRICE INDEX COMMODITY PRICES COMMODITY FOOD STAPLES WORLD MARKET PRICES MARKET FORCES SPREAD STORAGE
Online Access:	http://documents.worldbank.org/curated/en/2015/06/24711404/drives-local-food-prices-evidence-tanzanian-maize-market http://hdl.handle.net/10986/22221

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recordtype	oai_dc
spelling	okr-10986-222212021-04-23T14:04:07Z What Drives Local Food Prices? : Evidence from the Tanzanian Maize Market Baffes, John Kshirsagar, Varun Mitchell, Donald GROWTH RATES ECONOMIC GROWTH OIL PRICE DOMESTIC SOURCES COMMODITY EXPORT PRICE LEVELS COST OF PRODUCTION RESPONSE TO CLIMATE CHANGE FAMINES INCOME INTEREST AGRICULTURAL PRODUCTION EXTERNAL PRICE EXCHANGE PRICE SETTING DOMESTIC MARKET DEVELOPING COUNTRIES FOOD POLICY INCENTIVES WORLD MARKETS AGRICULTURAL ECONOMICS PRICING DOMESTIC PRICE PRICE MARKET INFRASTRUCTURE PRICE UNCERTAINTY INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE MARKET PARTICIPANTS MAIZE FOOD MARKETS OIL PRICES CEREALS COMMERCIALIZATION DEVELOPMENT ECONOMICS FOOD POLICY RESEARCH LOW-INCOME COUNTRIES PRICING POLICY PRICE VOLATILITY FOOD PRICE SURPLUS PRODUCTS DEMOCRACY SUPPLY SHOCKS MONETARY FUND MARKETING MARKETS CONNECTIVITY IMPORTS PRODUCT FOOD POLICIES FAMINE PRICING POLICIES FOOD AID SOYBEAN TAXES PRICE CHANGE CLIMATE VARIABILITY DEREGULATION FOOD PROCESSING FACILITIES CONSUMPTION MARKET ANALYSIS SUBSTITUTE FOOD SECURITY CLIMATE CHANGE POLICIES DOMESTIC MARKETS INTERNATIONAL TRADE VOLATILITY MARKET CONDITIONS FUTURE MARKET PRICES VALUE THIRD WORLD ECONOMIC DATA CLIMATE ANIMAL FEED DEMAND LOWER PRICE CONSUMER PRICE PRICE CHANGES AGRICULTURE INCOMES PRICE SPREAD FUEL PRICES PRICE ADJUSTMENT AVERAGE PRICE MARKET FOOD SUPPLY CHAIN SMALL COUNTRY POLICY OUTPUT PRICE MOVEMENTS EXTERNAL MARKET FOOD SURPLUS TRADE DOMESTIC PRICES SECURITY CORN LIQUID MARKET FOOD CROPS LOWER PRICES SHARE FOOD SUPPLY SUPPLY EXTERNAL SHOCKS COMMODITY MARKETS WHEAT FOOD AVAILABILITY INVESTMENTS MARKET INTEGRATION RICE CONSUMER PRICE INDEX CIVIL WAR COMMODITIES ARBITRAGE FOOD PRICES PRICE CONTROLS EXTERNAL MARKETS FOOD PROCESSING PRICE INDEX COMMODITY PRICES COMMODITY FOOD STAPLES WORLD MARKET PRICES MARKET FORCES SPREAD STORAGE This study quantifies the relationship between Tanzanian and external maize markets while also accounting for domestic influences. It concludes that external influences on domestic prices originate from regional, rather than global, markets. It also shows that, compared to external factors, domestic factors exert a greater influence on Tanzanian maize markets. Further, the mechanisms through which trade policies influence maize markets involve interactions with both external market shocks and domestic weather shocks. Overall, it provides evidence that the intermittent imposition of export bans in Tanzania has had adverse impacts on its maize markets, and consequently, on the development of its agrarian economy. 2015-07-17T19:43:23Z 2015-07-17T19:43:23Z 2015-06 Working Paper http://documents.worldbank.org/curated/en/2015/06/24711404/drives-local-food-prices-evidence-tanzanian-maize-market http://hdl.handle.net/10986/22221 English en_US Policy Research Working Paper;No. 7338 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Africa Tanzania
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	GROWTH RATES ECONOMIC GROWTH OIL PRICE DOMESTIC SOURCES COMMODITY EXPORT PRICE LEVELS COST OF PRODUCTION RESPONSE TO CLIMATE CHANGE FAMINES INCOME INTEREST AGRICULTURAL PRODUCTION EXTERNAL PRICE EXCHANGE PRICE SETTING DOMESTIC MARKET DEVELOPING COUNTRIES FOOD POLICY INCENTIVES WORLD MARKETS AGRICULTURAL ECONOMICS PRICING DOMESTIC PRICE PRICE MARKET INFRASTRUCTURE PRICE UNCERTAINTY INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE MARKET PARTICIPANTS MAIZE FOOD MARKETS OIL PRICES CEREALS COMMERCIALIZATION DEVELOPMENT ECONOMICS FOOD POLICY RESEARCH LOW-INCOME COUNTRIES PRICING POLICY PRICE VOLATILITY FOOD PRICE SURPLUS PRODUCTS DEMOCRACY SUPPLY SHOCKS MONETARY FUND MARKETING MARKETS CONNECTIVITY IMPORTS PRODUCT FOOD POLICIES FAMINE PRICING POLICIES FOOD AID SOYBEAN TAXES PRICE CHANGE CLIMATE VARIABILITY DEREGULATION FOOD PROCESSING FACILITIES CONSUMPTION MARKET ANALYSIS SUBSTITUTE FOOD SECURITY CLIMATE CHANGE POLICIES DOMESTIC MARKETS INTERNATIONAL TRADE VOLATILITY MARKET CONDITIONS FUTURE MARKET PRICES VALUE THIRD WORLD ECONOMIC DATA CLIMATE ANIMAL FEED DEMAND LOWER PRICE CONSUMER PRICE PRICE CHANGES AGRICULTURE INCOMES PRICE SPREAD FUEL PRICES PRICE ADJUSTMENT AVERAGE PRICE MARKET FOOD SUPPLY CHAIN SMALL COUNTRY POLICY OUTPUT PRICE MOVEMENTS EXTERNAL MARKET FOOD SURPLUS TRADE DOMESTIC PRICES SECURITY CORN LIQUID MARKET FOOD CROPS LOWER PRICES SHARE FOOD SUPPLY SUPPLY EXTERNAL SHOCKS COMMODITY MARKETS WHEAT FOOD AVAILABILITY INVESTMENTS MARKET INTEGRATION RICE CONSUMER PRICE INDEX CIVIL WAR COMMODITIES ARBITRAGE FOOD PRICES PRICE CONTROLS EXTERNAL MARKETS FOOD PROCESSING PRICE INDEX COMMODITY PRICES COMMODITY FOOD STAPLES WORLD MARKET PRICES MARKET FORCES SPREAD STORAGE
spellingShingle	GROWTH RATES ECONOMIC GROWTH OIL PRICE DOMESTIC SOURCES COMMODITY EXPORT PRICE LEVELS COST OF PRODUCTION RESPONSE TO CLIMATE CHANGE FAMINES INCOME INTEREST AGRICULTURAL PRODUCTION EXTERNAL PRICE EXCHANGE PRICE SETTING DOMESTIC MARKET DEVELOPING COUNTRIES FOOD POLICY INCENTIVES WORLD MARKETS AGRICULTURAL ECONOMICS PRICING DOMESTIC PRICE PRICE MARKET INFRASTRUCTURE PRICE UNCERTAINTY INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE MARKET PARTICIPANTS MAIZE FOOD MARKETS OIL PRICES CEREALS COMMERCIALIZATION DEVELOPMENT ECONOMICS FOOD POLICY RESEARCH LOW-INCOME COUNTRIES PRICING POLICY PRICE VOLATILITY FOOD PRICE SURPLUS PRODUCTS DEMOCRACY SUPPLY SHOCKS MONETARY FUND MARKETING MARKETS CONNECTIVITY IMPORTS PRODUCT FOOD POLICIES FAMINE PRICING POLICIES FOOD AID SOYBEAN TAXES PRICE CHANGE CLIMATE VARIABILITY DEREGULATION FOOD PROCESSING FACILITIES CONSUMPTION MARKET ANALYSIS SUBSTITUTE FOOD SECURITY CLIMATE CHANGE POLICIES DOMESTIC MARKETS INTERNATIONAL TRADE VOLATILITY MARKET CONDITIONS FUTURE MARKET PRICES VALUE THIRD WORLD ECONOMIC DATA CLIMATE ANIMAL FEED DEMAND LOWER PRICE CONSUMER PRICE PRICE CHANGES AGRICULTURE INCOMES PRICE SPREAD FUEL PRICES PRICE ADJUSTMENT AVERAGE PRICE MARKET FOOD SUPPLY CHAIN SMALL COUNTRY POLICY OUTPUT PRICE MOVEMENTS EXTERNAL MARKET FOOD SURPLUS TRADE DOMESTIC PRICES SECURITY CORN LIQUID MARKET FOOD CROPS LOWER PRICES SHARE FOOD SUPPLY SUPPLY EXTERNAL SHOCKS COMMODITY MARKETS WHEAT FOOD AVAILABILITY INVESTMENTS MARKET INTEGRATION RICE CONSUMER PRICE INDEX CIVIL WAR COMMODITIES ARBITRAGE FOOD PRICES PRICE CONTROLS EXTERNAL MARKETS FOOD PROCESSING PRICE INDEX COMMODITY PRICES COMMODITY FOOD STAPLES WORLD MARKET PRICES MARKET FORCES SPREAD STORAGE Baffes, John Kshirsagar, Varun Mitchell, Donald What Drives Local Food Prices? : Evidence from the Tanzanian Maize Market
geographic_facet	Africa Tanzania
relation	Policy Research Working Paper;No. 7338
description	This study quantifies the relationship between Tanzanian and external maize markets while also accounting for domestic influences. It concludes that external influences on domestic prices originate from regional, rather than global, markets. It also shows that, compared to external factors, domestic factors exert a greater influence on Tanzanian maize markets. Further, the mechanisms through which trade policies influence maize markets involve interactions with both external market shocks and domestic weather shocks. Overall, it provides evidence that the intermittent imposition of export bans in Tanzania has had adverse impacts on its maize markets, and consequently, on the development of its agrarian economy.
format	Working Paper
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	World Bank, Washington, DC
publishDate	2015
url	http://documents.worldbank.org/curated/en/2015/06/24711404/drives-local-food-prices-evidence-tanzanian-maize-market http://hdl.handle.net/10986/22221
_version_	1764450461909254144

What Drives Local Food Prices? : Evidence from the Tanzanian Maize Market

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