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Pricing behavior in Philippine corn markets: implications for market efficiency

Author

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  • Mendoza, Meyra Sebello
  • Rosegrant, Mark W.

Abstract

The future for Philippine corn looks bright. Increases in demand for feed for livestock and poultry, activated by income-led growth in demand for meat, are providing the major push for corn growth. But whether the potential for development can be reached hinges on the efficiency of the existing marketing and pricing system. In Pricing Behavior in Philippine Corn Markets: Implications for Market Efficiency, Research Report 101, Meyra Sebello Mendoza and Mark W. Rosegrant explore this issue by determining the speed with which price signals are communicated between markets and quantifying the impact of new information on the pricing process. In determining whether market information is transmitted completely and on time to Filipino corn farmers, they identify possible constraints faced by farmers.

Suggested Citation

  • Mendoza, Meyra Sebello & Rosegrant, Mark W., 1995. "Pricing behavior in Philippine corn markets: implications for market efficiency," Research reports 101, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:fpr:resrep:101
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    Citations

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    Cited by:

    1. Mutuc, Maria Erlinda M. & Rejesus, Roderick M. & Pan, Suwen & Yorobe, Jose M., 2012. "Impact Assessment of Bt Corn Adoption in the Philippines," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 44(1), pages 117-135, February.
    2. Goundan, Anatole & Tankari, Mahamadou Roufahi, 2016. "A dynamic spatial model of agricultural price transmission: Evidence from the Niger millet market:," IFPRI discussion papers 1536, International Food Policy Research Institute (IFPRI).
    3. Rashid, Shahidur & Gulati, Ashok & Cummings, Jr., Ralph, 2008. "Grain marketing parastatals in Asia: Why do they have to change now?," IFPRI book chapters, in: Rashid, Shahidur & Gulati, Ashok & Cummings, Jr., Ralph (ed.), From parastatals to private trade: Lessons from Asian agriculture, chapter 2, pages 10-47, International Food Policy Research Institute (IFPRI).
    4. Mutuc, Maria Erlinda M. & Rejesus, Roderick M. & Yorobe, Jose M., Jr., 2012. "Which Farmers Benefit the Most from Bt Corn Adoption in the Philippines? Estimating Heterogeneity Effects," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126363, International Association of Agricultural Economists.
    5. F. T. M. Kilima, 2006. "Are Price Changes in the World Market Transmitted to Markets in Less Developed Countries? A Case Study of Sugar, Cotton, Wheat, and Rice in Tanzania," The Institute for International Integration Studies Discussion Paper Series iiisdp160, IIIS.
    6. Reeder, Meyra M., 2000. "Asymmetric Prices: Implications on Trader’s Market Power in Philippine Rice," Philippine Journal of Development JPD 2000 Vol. XXVII No. 1, Philippine Institute for Development Studies.
    7. Digal, Larry N., 2001. "An Analysis of the Structure of the Philippine Retail Food Industry," Philippine Journal of Development PJD 2001 Vol. XXVIII No. , Philippine Institute for Development Studies.
    8. Briones, Roehlano M., 2009. "Impact Assessment of National and Regional Policies Using the Philippine Regional General Equilibrium Model (PRGEM)," Discussion Papers DP 2009-03, Philippine Institute for Development Studies.
    9. Roehlano M. Briones, 2009. "Impact Assessment of National and Regional Policies Using the Philippine Regional General Equilibrium Model," Development Economics Working Papers 22617, East Asian Bureau of Economic Research.
    10. Hui-Shung Chang, 2007. "Analysis of the Philippine Chicken Industry: Commercial versus Backyard Sectors," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 4(1), pages 41-56, June.
    11. Chang, Hui-Shung (Christie), 2004. "Cross-sector Comparisons of Poultry Production in The Philippines," Working Papers 12896, University of New England, School of Economics.
    12. Mujawamariya, Gaudiose & Burger, Kees & D'Haese, Marijke F.C., 2012. "Behaviour and performance of traders in the gum arabic supply chain in Senegal: Investigating oligopsonistic myths," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126236, International Association of Agricultural Economists.
    13. Kherallah, Mylene & Lofgren, Hans & Gruhn, Peter & Reeder, Meyra M., 2000. "Wheat policy reform in Egypt: adjustment of local markets and options for future reforms," Research reports 115, International Food Policy Research Institute (IFPRI).
    14. Sanglestsawai, Santi & Rejesus, Roderick M. & Yorobe, Jose M., 2014. "Do lower yielding farmers benefit from Bt corn? Evidence from instrumental variable quantile regressions," Food Policy, Elsevier, vol. 44(C), pages 285-296.
    15. Ian Coxhead & Agnes Rola & Kwansoo Kim, 2001. "How Do National Markets and Price Policies Affect Land Use at the Forest Margin? Evidence from the Philippines," Land Economics, University of Wisconsin Press, vol. 77(2), pages 250-267.

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