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Creating Scarcity From Abundance: Bumper Harvests, High Prices, And The Role Of State Interventions In Zambian Maize Markets

  • Kuteya, Auckland N.
  • Sitko, Nicholas J.

From 2010 through 2012 harvest seasons, Zambian farmers produced three consecutive maize bumper harvests. The total maize production during this period was 8.6 million metric tonness, of which 4.6 million metric tonnes was a marketable surplus (CSO/MAL various years). This far exceeded the national maize consumption requirement. In an effort to prevent producer price collapse in the wake of these historic harvests, the Government’s Food Reserve Agency (FRA) was mandated to purchase approximately 80% or 3.7 million metric tonnes of the available surplus.

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File URL: http://purl.umn.edu/171877
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Paper provided by Michigan State University, Department of Agricultural, Food, and Resource Economics in its series Food Security Collaborative Policy Briefs with number 171877.

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Date of creation: May 2014
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Handle: RePEc:ags:midcpb:171877
Contact details of provider: Postal: Justin S. Morrill Hall of Agriculture, 446 West Circle Dr., Rm 202, East Lansing, MI 48824-1039
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Web page: http://www.aec.msu.edu/agecon/
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  1. Nicole M. Mason & Robert J. Myers, 2013. "The effects of the Food Reserve Agency on maize market prices in Zambia," Agricultural Economics, International Association of Agricultural Economists, vol. 44(2), pages 203-216, 03.
  2. Sitko, Nicholas J. & Kuteya, Auckland N., 2013. "The Maize Price Spike of 2012/13: Understanding the Paradox of High Prices despite Abundant Supplies," Food Security Collaborative Working Papers 171871, Michigan State University, Department of Agricultural, Food, and Resource Economics.
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