Information to guide policy responses to higher global food prices: The data and analyses required

Food Policy ◽  
2013 ◽  
Vol 38 ◽  
pp. 47-58 ◽  
Author(s):  
Todd Benson ◽  
Nicholas Minot ◽  
John Pender ◽  
Miguel Robles ◽  
Joachim von Braun
Keyword(s):  
Food Prices ◽  
Policy Responses ◽  
Global Food

Global Food Commodity Prices and Domestic Food Inflation: Some Insights from Morocco

New Medit ◽  
2020 ◽  
Vol 19 (3) ◽  
Author(s):  
Ahmed EL GHIN ◽  
Mounir EL-KARIMI
Keyword(s):  
Exchange Rate Regime ◽  
Commodity Prices ◽  
Food Prices ◽  
Consumer Prices ◽  
Floating Exchange Rate ◽  
Pass Through ◽  
The Impact ◽  
Food Inflation ◽  
Global Food ◽  
Domestic Food

This paper examines the world commodity prices pass-through to food inflation in Morocco, over the period 2004-2018, by using Structural Vector Autoregression (SVAR) model on monthly data. Several interesting results are found from this study. First, the impact of global food prices on domestic food inflation is shown significant, which reflects the large imported component in the domestic food consumption basket. Second, the transmission effect is found to vary across commodities. Consumer prices of cereals and oils significantly and positively respond to external price shocks, while those of dairy and beverages are weakly influenced. Third, there is evidence of asymmetries in the pass-through from world to domestic food prices, where external positive shocks generate a stronger local prices response than negative ones. This situation is indicative of policy and market distortions, namely the subsidies, price controls, and weak competitive market structures. Our findings suggest that food price movements should require much attention in monetary policymaking, especially that the country has taken preliminary steps towards the adoption of floating exchange rate regime.

ANALISIS PERMINTAAN BERAS DI SUMATERA UTARA

2020 ◽  
Vol 1 (3) ◽  
Author(s):  
Hasyrul Aziz Harahap
Keyword(s):  
Time Series ◽  
Fixed Effects ◽  
Time Series Data ◽  
Food Prices ◽  
Series Data ◽  
Cross Point ◽  
Social Unrest ◽  
Corn Prices ◽  
North Sumatra ◽  
Global Food

Indonesia is often categorized as low food resilient nation, in the sense vulnerable to social unrest and rising global food prices. Where every year the number of requests or local domestic rice continue to increase along with the increasing number of people. This study aims to look at and determine how much influence the price of rice, corn prices and the number of population and GDP of the demand for rice in North Sumatra. Used in measuring and analyzing time series data (time series) and the cross-point (cross section) of the 25 districts / municipalities in the period from 2005 to 2010. Data analysis using fixed effects (fixed effect). The results showed a significant effect between the price of rice, the population and GDP of the demand for rice in North Sumatra. While corn prices do not influence of the demand for rice in North Sumatra. The magnitude of the effect is shown by the coefficient of independent variables, namely: -5.215489 for the variable price of rice, 13.08473 for the population, 4.736669 for the variable GDP.

scholarly journals THE IMPACT OF THE WORLD FOOD PRICE INDEX ON SOME EAST-EUROPEAN ECONOMIES

2018 ◽  
Vol 19 (2) ◽  
pp. 268-287
Author(s):  
Corina Saman ◽  
Cecilia Alexandri
Keyword(s):  
Price Volatility ◽  
Agricultural Trade ◽  
Food Prices ◽  
Food Price ◽  
Long Run ◽  
Short Run ◽  
Positive Shock ◽  
Macroeconomic Implications ◽  
The Impact ◽  
Global Food

This paper deals with the dynamic response of exchange rates, inflation and agricultural foreign trade in Bulgaria, Poland and Romania to global food prices. We employ time-varying VARs with stochastic volatility to estimate the behaviour of these macroeconomic variables over the 2001M1–2015M12 period. The original contribution of this paper is that it captures the time variation and nonlinearities of the relationship between variables taking into account food price volatility and its macroeconomic implications. The main findings of the paper are: (i) high global food prices were transmitted to domestic economies causing pressure on inflation in the long run; (ii) in the short run the impact of a positive shock in international food price increases domestic inflation, depreci-ates the currency and reduces the agricultural trade; (iii) the vulnerabilities to global food prices are more pregnant for Romania and Bulgaria; (iv) the difference in the transmission of world prices is related to the different status of the countries as regards food and agricultural trade. The findings of the research would be significant for the governments to promote policies to help farmers respond to the rising of food prices by growing more and responding to export opportunities that may arise.

Companies' Opinions and Acceptance of Global Food Safety Initiative Benchmarks after Implementation

2012 ◽  
Vol 75 (9) ◽  
pp. 1660-1672 ◽  
Author(s):  
PHIL CRANDALL ◽  
ELLEN J. VAN LOO ◽  
CORLISS A. O'BRYAN ◽  
ANDY MAUROMOUSTAKOS ◽  
FRANK YIANNAS ◽  
...  
Keyword(s):  
Food Safety ◽  
Online Survey ◽  
Safety Management ◽  
Food Prices ◽  
Common Reason ◽  
Quality Food ◽  
Global Food Safety Initiative ◽  
The Impact ◽  
Safety Initiative ◽  
Global Food

International attention has been focused on minimizing costs that may unnecessarily raise food prices. One important aspect to consider is the redundant and overlapping costs of food safety audits. The Global Food Safety Initiative (GFSI) has devised benchmarked schemes based on existing international food safety standards for use as a unifying standard accepted by many retailers. The present study was conducted to evaluate the impact of the decision made by Walmart Stores (Bentonville, AR) to require their suppliers to become GFSI compliant. An online survey of 174 retail suppliers was conducted to assess food suppliers' opinions of this requirement and the benefits suppliers realized when they transitioned from their previous food safety systems. The most common reason for becoming GFSI compliant was to meet customers' requirements; thus, supplier implementation of the GFSI standards was not entirely voluntary. Other reasons given for compliance were enhancing food safety and remaining competitive. About 54% of food processing plants using GFSI benchmarked schemes followed the guidelines of Safe Quality Food 2000 and 37% followed those of the British Retail Consortium. At the supplier level, 58% followed Safe Quality Food 2000 and 31% followed the British Retail Consortium. Respondents reported that the certification process took about 10 months. The most common reason for selecting a certain GFSI benchmarked scheme was because it was widely accepted by customers (retailers). Four other common reasons were (i) the standard has a good reputation in the industry, (ii) the standard was recommended by others, (iii) the standard is most often used in the industry, and (iv) the standard was required by one of their customers. Most suppliers agreed that increased safety of their products was required to comply with GFSI benchmarked schemes. They also agreed that the GFSI required a more carefully documented food safety management system, which often required improved company food safety practices and increased employee training. Adoption of a GFSI benchmarked scheme resulted in fewer audits, i.e., one less per year. An educational opportunity exists to acquaint retailers and suppliers worldwide with the benefits of having an internationally recognized certification program such as that recognized by the GFSI.

Global Food Price Inflation and Policy Responses in Central Asia

2012 ◽  
Author(s):  
Mariusz A. Sumlinski ◽  
A. J. Al-Eyd ◽  
David Amaglobeli ◽  
Bahrom Shukurov
Keyword(s):  
Central Asia ◽  
Food Price ◽  
Price Inflation ◽  
Policy Responses ◽  
Global Food

Explaining International Land Transactions in Africa

2013 ◽  
pp. 111-130
Author(s):  
Yohannes G. Hailu ◽  
Adesoji Adelaja ◽  
Henry Akaeze ◽  
Steve Hanson
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Agricultural Land ◽  
Empirical Work ◽  
Food Prices ◽  
Land Grabbing ◽  
Land Resources ◽  
Host Countries ◽  
Land Transactions ◽  
Global Food

Rising global food prices and demand for biofuels have recently heightened global interests in agricultural land resources in Africa, resulting in increased International Land Transactions (ILTs). While opponents of ILTs have dubbed it “land grabbing,” proponents welcome the opening of Africa’s agriculture to foreign direct investment. Limited empirical work exists explaining the motivations of investor and host countries. This chapter attempts to expand the literature by providing an empirical explanation of country land targeting behavior. As the debate on “land grabbing” intensifies, understanding motivations of various actors in the land market becomes relevant.

The World Food Conference

2017 ◽  
Author(s):  
Barry Riley
Keyword(s):  
The United States ◽  
Food Prices ◽  
Food Aid ◽  
World Food ◽  
High Food ◽  
White House ◽  
The World ◽  
The Difference ◽  
Global Food

Just before leaving the White House to assume his duties as secretary of state, Kissinger alerted top Agriculture officials in Washington that the president was increasingly concerned with the growing world food crisis. Among the responses was word that the American food aid program was not going to be able to meet its global food aid commitments because of the combination of high food prices and budgetary constraints. Shortly thereafter Kissinger publicly called for the convening of a World Food Conference to consider the problem and propose long-term remedies. This chapter describes interagency debates over what the United States should—and should not—promise in the conference. It highlights the difference between domestic agriculture interests, represented by Secretary of Agriculture Butz, foreign policy interests, exemplified by Kissinger, humanitarian concerns, voiced by Senator Humphrey, and the perspective of the new president, Gerald Ford.

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