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...

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Main Author:	World Bank
Format:	Other Agricultural Study
Language:	English en_US
Published:	Washington, DC 2012
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

id	okr-10986-8264
recordtype	oai_dc
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	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
spellingShingle	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 World Bank Managing Food Price Risks and Instability in an Environment of Market Liberalization
description	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.
format	Economic & Sector Work :: Other Agricultural Study
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Managing Food Price Risks and Instability in an Environment of Market Liberalization
title_short	Managing Food Price Risks and Instability in an Environment of Market Liberalization
title_full	Managing Food Price Risks and Instability in an Environment of Market Liberalization
title_fullStr	Managing Food Price Risks and Instability in an Environment of Market Liberalization
title_full_unstemmed	Managing Food Price Risks and Instability in an Environment of Market Liberalization
title_sort	managing food price risks and instability in an environment of market liberalization
publisher	Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2005/01/16274716/managing-food-price-risks-instability-environment-market-liberalization http://hdl.handle.net/10986/8264
_version_	1764404773630509056
spelling	okr-10986-82642021-04-23T14:02:38Z Managing Food Price Risks and Instability in an Environment of Market Liberalization World Bank 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 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. 2012-06-18T15:35:19Z 2012-06-18T15:35:19Z 2005 http://documents.worldbank.org/curated/en/2005/01/16274716/managing-food-price-risks-instability-environment-market-liberalization http://hdl.handle.net/10986/8264 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Other Agricultural Study Economic & Sector Work

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

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