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Food Security, Commodity Price Volatility, and the Poor

In: Institutions and Comparative Economic Development

Author

Listed:
  • Joachim Braun

    (University of Bonn)

  • Getaw Tadesse

    (International Food Policy Research Institute (IFPRI))

Abstract

The volatility of food prices has increased in the past decade. It causes economic costs and human suffering among the poor. In this chapter, these costs are reviewed and assessed. An attempt is made to explain the food price volatility with traditional factors, that is, supply shocks, and with new market fundamentals, that is, energy market and financial crises linkages, and speculation. In conclusion, policy recommendations for addressing food price volatility at global level and related institutional arrangements are made.

Suggested Citation

  • Joachim Braun & Getaw Tadesse, 2012. "Food Security, Commodity Price Volatility, and the Poor," International Economic Association Series, in: Masahiko Aoki & Timur Kuran & Gérard Roland (ed.), Institutions and Comparative Economic Development, chapter 15, pages 298-312, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-137-03401-4_16
    DOI: 10.1057/9781137034014_16
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    Cited by:

    1. repec:zbw:iamost:200287 is not listed on IDEAS
    2. Degiannakis, Stavros & Filis, George & Klein, Tony & Walther, Thomas, 2022. "Forecasting realized volatility of agricultural commodities," International Journal of Forecasting, Elsevier, vol. 38(1), pages 74-96.
    3. Daniel Callo-Concha & Hannah Jaenicke & Christine B. Schmitt & Manfred Denich, 2020. "Food and Non-Food Biomass Production, Processing and Use in sub-Saharan Africa: Towards a Regional Bioeconomy," Sustainability, MDPI, vol. 12(5), pages 1-9, March.
    4. Matthias Kalkuhl & Lukas Kornher & Matthias Kalkuhl & Irfan Mujahid, 2015. "Food price volatility in developing countries – the role of trade and storage," EcoMod2015 8415, EcoMod.
    5. Loy, Jens-Peter (ed.), 2014. "Marktwirtschaftliche Koordination: Möglichkeiten und Grenzen. Symposium anlässlich des 75. Geburtstages von Prof. Dr. Dr. h.c. mult. Ulrich Koester," Studies on the Agricultural and Food Sector in Transition Economies, Leibniz Institute of Agricultural Development in Transition Economies (IAMO), volume 77, number 77.
    6. Haile, M.G. & Kalkuhl, M., 2014. "Volatility in the international food markets: implications for global agricultural supply and for market and price policy," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 49, March.
    7. Ogunlesi, Ayodeji & Bokana, Koye & Okoye, Chidozie & Loy, Jens-Peter, 2018. "Agricultural Productivity and Food Supply Stability in Sub-Saharan Africa: LSDV and SYS-GMM Approach," MPRA Paper 90204, University Library of Munich, Germany.
    8. Md. Fuad Hassan & Lukas Kornher, 2022. "Farm wage and Rice Price dynamics in Bangladesh," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 14(1), pages 127-146, February.
    9. Kornher, Lukas & Kalkuhl, Matthias, 2013. "Food Price Volatility in Developing Countries and its Determinants," Quarterly Journal of International Agriculture, Humboldt-Universitaat zu Berlin, vol. 52(4), pages 1-32, November.
    10. Mekbib G. Haile & Jan Brockhaus & Matthias Kalkuhl, 2016. "Short-term acreage forecasting and supply elasticities for staple food commodities in major producer countries," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 4(1), pages 1-23, December.
    11. Loy, Jens-Peter & Schmitz, P. Michael & Glauben, Thomas & Djuric, Ivan & Götz, Linde & Pàll, Zsombor & Perekhozhuk, Oleksandr & Prehn, Sören & Renner, Swetlana & Hermann, Roland & Pies, Ingo & Will, M, 2014. "Marktwirtschaftliche Koordination: Möglichkeiten und Grenzen. Symposium anlässlich des 75. Geburtstages von Prof. Dr. Dr. h.c. mult. Ulrich Koester," Studies on the Agricultural and Food Sector in Transition Economies 200287, Institute of Agricultural Development in Transition Economies (IAMO).
    12. Haile, Mekbib G. & Kalkuhl, Matthias & von Braun, Joachim, 2013. "Short-term global crop acreage response to international food prices and implications of volatility," Discussion Papers 145308, University of Bonn, Center for Development Research (ZEF).
    13. Hardik A. Marfatia & Qiang Ji & Jiawen Luo, 2022. "Forecasting the volatility of agricultural commodity futures: The role of co‐volatility and oil volatility," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 41(2), pages 383-404, March.
    14. Navid Kargar Dehbidi & Mansour Zibaei & Mohammad Hassan Tarazkar, 2022. "The effect of climate change and energy shocks on food security in Iran's provinces," Regional Science Policy & Practice, Wiley Blackwell, vol. 14(2), pages 417-437, April.
    15. Mekbib G. Haile & Tesfamicheal Wossen & Kindie Tesfaye & Joachim von Braun, 2017. "Impact of Climate Change, Weather Extremes, and Price Risk on Global Food Supply," Economics of Disasters and Climate Change, Springer, vol. 1(1), pages 55-75, June.
    16. Lukas Kornher & Tekalign Gutu Sakketa, 2021. "Does food security matter to subjective well‐being? Evidence from a cross‐country panel," Journal of International Development, John Wiley & Sons, Ltd., vol. 33(8), pages 1270-1289, November.
    17. Gábor Gyarmati, 2017. "On what Factors the Wheat Production and Price Depends," Proceedings- 11th International Conference on Mangement, Enterprise and Benchmarking (MEB 2017),, Óbuda University, Keleti Faculty of Business and Management.
    18. Haile, Mekbib G. & Kalkuhl, Matthias & Braun, Joachim von, 2013. "How does food supply respond to high and volatile international food prices? An empirical evaluation of inter- and intra- seasonal global crop acreage response," 2013 Fourth International Conference, September 22-25, 2013, Hammamet, Tunisia 161472, African Association of Agricultural Economists (AAAE).

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