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Food price stabilization: theory and lessons from experience

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  • Dorosh, Paul
  • Minot, Nicholas
  • Rashid, Shahidur

Abstract

Many countries pursue food price stabilization through public grain reserves (also called buffer stocks or strategic grain reserves) or trade policy. Views of the economics profession on food price stabilization have evolved over time, however, with increased skepticism about economic planning and government market interventions since the mid-1980s. Nonetheless, recent spikes in international commodity prices during the Covid-19 pandemic and at the start of the war in Ukraine have stimulated another wave of interest in establishing or expanding strategic grain reserves and food-based safety net programs.

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  • Dorosh, Paul & Minot, Nicholas & Rashid, Shahidur, 2025. "Food price stabilization: theory and lessons from experience," Food Policy, Elsevier, vol. 137(C).
    • Handle: RePEc:eee:jfpoli:v:137:y:2025:i:c:s0306919225001502
    DOI: 10.1016/j.foodpol.2025.102945
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