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Food Price Stabilisation And Food Security: International Experience

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  • Paul Dorosh

Abstract

The importance of food commodities to consumers and farmers leads most countries to attempt to influence the levels and stability of food prices. The specific policies adopted and the degree of price stabilisation actually achieved vary considerably across countries, however. This paper reviews the experience of four countries (China, India, Bangladesh and Madagascar) that have implemented explicit price stabilisation and food security policies. Several policy lessons emerge from the analysis, including the potential savings to be made through reliance on international trade rather than buffer stocks; the likelihood of efficiency gains from relying more heavily on market mechanisms; the need to maintain transparency of policies; and the high cost of untargeted public distribution programs.

Suggested Citation

  • Paul Dorosh, 2008. "Food Price Stabilisation And Food Security: International Experience," Bulletin of Indonesian Economic Studies, Taylor & Francis Journals, vol. 44(1), pages 93-114.
    • Handle: RePEc:taf:bindes:v:44:y:2008:i:1:p:93-114
    DOI: 10.1080/00074910802001603
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    References listed on IDEAS

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    1. Zhangyue Zhou & Guanghua Wan, 2006. "The Public Distribution Systems of Foodgrains and Implications for Food Security: A Comparison of the Experiences of India and China," WIDER Working Paper Series RP2006-98, World Institute for Development Economic Research (UNU-WIDER).
    2. Marie Hélène Dabat & Bart Minten & Paul Dorosh & Olivier Jenn-Treyer & John Magnay & Ziva Razafintsalama, 2006. "Rice markets in Madagascar in disarray," Post-Print hal-03049969, HAL.
    3. Alderman, Harold & Garcia, Marito, 1993. "Poverty, household food security, and nutrition in rural Pakistan:," Research reports 96, International Food Policy Research Institute (IFPRI).
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    1. Díaz-Bonilla, Eugenio, 2014. "On food security stocks, peace clauses, and permanent solutions after Bali:," IFPRI discussion papers 1388, International Food Policy Research Institute (IFPRI).
    2. Christophe Gouel & Sébastien Jean, 2015. "Optimal Food Price Stabilization in a Small Open Developing Country," The World Bank Economic Review, World Bank, vol. 29(1), pages 72-101.
    3. Gouel, Christophe, 2013. "Optimal food price stabilisation policy," European Economic Review, Elsevier, vol. 57(C), pages 118-134.
    4. Donald F. Larson & Julian Lampietti & Christophe Gouel & Carlo Cafiero & John Roberts, 2014. "Food Security and Storage in the Middle East and North Africa," The World Bank Economic Review, World Bank, vol. 28(1), pages 48-73.
    5. Haggblade, Steven & Nielson, Hunter & Govereh, Jones & Dorosh, Paul A., 2008. "Potential Consequences of Intra-Regional Trade in Short-Term Food Security Crises in Southeastern Africa," Food Security Collaborative Working Papers 55376, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    6. Ntsama Etoundi, Mireille, 2012. "La relation de prix entre le Cameroun et le Gabon [Is there a food price transmission between Cameroon and Gabon?]," MPRA Paper 54373, University Library of Munich, Germany, revised 03 May 2013.
    7. Díaz-Bonilla, Eugenio, 2017. "Food security stocks: Economic and operational issues:," IFPRI book chapters, in: Bouët, Antoine & Laborde Debucquet, David (ed.), Agriculture, development, and the global trading system: 2000– 2015, chapter 8, International Food Policy Research Institute (IFPRI).
    8. Dorosh, Paul A. & Dradri, Simon & Haggblade, Steven, 2009. "Regional trade, government policy and food security: Recent evidence from Zambia," Food Policy, Elsevier, vol. 34(4), pages 350-366, August.
    9. Mariano, Marc Jim M. & Giesecke, James A., 2014. "The macroeconomic and food security implications of price interventions in the Philippine rice market," Economic Modelling, Elsevier, vol. 37(C), pages 350-361.
    10. Mohammad Hasan Mobarok & Wyatt Thompson & Theodoros Skevas, 2021. "COVID-19 and Policy Impacts on the Bangladesh Rice Market and Food Security," Sustainability, MDPI, vol. 13(11), pages 1-18, May.
    11. World Bank, 2009. "Niger : Food Security and Safety Nets," World Bank Publications - Reports 18550, The World Bank Group.
    12. Tripathi, Ashutosh K. & Mishra, Ashok K., 2023. "Impact of Agricultural Policies on Wheat Market Prices: Evidence from India," 2023 Annual Meeting, July 23-25, Washington D.C. 335623, Agricultural and Applied Economics Association.
    13. Christophe Gouel, 2013. "Rules versus Discretion in Food Storage Policies," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 95(4), pages 1029-1044.
    14. Craig Sugden, 2009. "Responding to High Commodity Prices," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 23(1), pages 79-105, May.
    15. Abokyi, Emmanuel & Asiedu, Kofi Fred, 2021. "Agricultural policy and commodity price stabilisation in Ghana: The role of buffer stockholding operations," African Journal of Agricultural and Resource Economics, African Association of Agricultural Economists, vol. 16(4), December.
    16. Rosegrant, Mark W., 2015. "Book Review | Food Security and Food Scarcity: Why Ending Hunger Is So Hard," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 12(2), December.
    17. Ian Gillson & Amir Fouad, 2015. "Trade Policy and Food Security : Improving Access to Food in Developing Countries in the Wake of High World Prices," World Bank Publications - Books, The World Bank Group, number 20537, December.

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