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Spatial price efficiency in Mozambique's post-reform maize markets

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  • Emílio Tost�o
  • B. Wade Brorsen

Abstract

Maize ("Zea mays") shortages and maize price instability continue to occur in Mozambique in spite of policy reforms and great capacity for increased production in northern Mozambique. This study measured the efficiency of spatial maize price arbitrage in Mozambique's post-reform period. Spatial price inefficiency does not seem to explain why food shortages continue to occur in Mozambique, suggesting nonprice market constraints such as poor infrastructure and poor market institutions as more likely explanations. Baulch's spatial efficiency test indicated that it is not profitable to ship maize from northern surplus maize regions to southern Mozambique. Records of interregional maize shipments show that indeed grain is not being shipped from the north to the south. Market liberalization may have improved spatial price efficiency, but high transfer costs still limit trade and potential benefits from freeing markets. Under these circumstances, food shortages and price instability are likely to continue. Copyright 2005 International Association of Agricultural Economics.

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Bibliographic Info

Article provided by International Association of Agricultural Economists in its journal Agricultural Economics.

Volume (Year): 33 (2005)
Issue (Month): 2 (09)
Pages: 205-214

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Handle: RePEc:bla:agecon:v:33:y:2005:i:2:p:205-214

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Cited by:
  1. Acosta, Alejandro, 2012. "Measuring spatial transmission of white maize prices between South Africa and Mozambique: An asymmetric error correction model approach," African Journal of Agricultural and Resource Economics, African Association of Agricultural Economists, African Association of Agricultural Economists, vol. 7(1), October.
  2. Tschirley, David L. & Jayne, Thomas S., 2008. "Food Crises and Food Markets: Implications for Emergency Response in Southern Africa," Food Security International Development Policy Syntheses, Michigan State University, Department of Agricultural, Food, and Resource Economics 54508, Michigan State University, Department of Agricultural, Food, and Resource Economics.
  3. Ankamah-Yeboah, Isaac, 2012. "Spatial Price Transmission in the Regional Maize Markets in Ghana," MPRA Paper 49720, University Library of Munich, Germany.
  4. Ricker-Gilbert, Jacob & Mason, Nicole & Jayne, Thomas & Darko, Francis Addeah & Tembo, Solomon, 2013. "What are the effects of input subsidy programs on equilibrium maize prices? Evidence from Malawi and Zambia," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C., Agricultural and Applied Economics Association 149259, Agricultural and Applied Economics Association.
  5. Sitko, Nicholas J. & Jayne, T.S., 2014. "Exploitative Briefcase Businessmen, Parasites, and Other Myths and Legends: Assembly Traders and the Performance of Maize Markets in Eastern and Southern Africa," World Development, Elsevier, Elsevier, vol. 54(C), pages 56-67.
  6. Han, Shengfei & Durham, Catherine A., 2010. "Spatial Price Analysis Incorporating Rate of Trade: Methods and Application to United States–China Soybean Trade," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, Southern Agricultural Economics Association, vol. 42(02), May.
  7. Zant, Wouter, 2010. "Market Integration with Transaction Costs in Developing Country Staple Food Markets: the Case of the Malawi Maize market," 2010 AAAE Third Conference/AEASA 48th Conference, September 19-23, 2010, Cape Town, South Africa, African Association of Agricultural Economists (AAAE);Agricultural Economics Association of South Afri 95777, African Association of Agricultural Economists (AAAE);Agricultural Economics Association of South Africa (AEASA).
  8. Tschirley, David L. & Jayne, T.S., 2010. "Exploring the Logic Behind Southern Africa's Food Crises," World Development, Elsevier, Elsevier, vol. 38(1), pages 76-87, January.
  9. Zant, Wouter, 2013. "How is the liberalization of food markets progressing ? market integration and transaction costs in subsistence economies," Policy Research Working Paper Series 6331, The World Bank.
  10. Sitko, Nicholas & Jayne, T.S., 2014. "Demystifying the Role of Grain Assemblers in the Rural Maize Markets of Eastern and Southern Africa," Food Security Collaborative Working Papers, Michigan State University, Department of Agricultural, Food, and Resource Economics 176628, Michigan State University, Department of Agricultural, Food, and Resource Economics.
  11. Van Campenhout, Bjorn, 2012. "Market Integration in Mozambique:: A Non-Parametric Extension to the Threshold Model," MSSP working papers, International Food Policy Research Institute (IFPRI) 4, International Food Policy Research Institute (IFPRI).

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