scholarly journals Stringency of Movement Restrictions Linked With Higher Retail Food Prices but Not Overall Prices for All Consumer Goods During COVID-19 Pandemic

2021 ◽  
Vol 5 (Supplement_2) ◽  
pp. 254-254
Author(s):  
Jessica Wallingford ◽  
William Masters

Abstract Objectives The COVID-19 crisis has disrupted economies and health systems across the globe and has brought substantial challenges for food systems. Government responses key to minimizing disease spread have included a number of movement restriction policies (e.g., school closures, stay at home measures, etc.). Such policies have impacted food consumption and purchasing behaviours and have harmed much of the face-to-face type of labour required for food retailing, which in turn may have impacted the affordability of diets. We use evidence from 133 countries to investigate the association between stringency in movement restriction policies and retail price levels for food and other consumer goods. Methods We use the International Monetary Fund's monthly national consumer price index (CPI), and food and non-alcoholic beverage index (FCPI), as well as a ratio of FCPI to CPI—the food price index (FPI)—for 133 countries from January 2017 to November 2020. Data on stringency in movement restriction policies and COVID-19 cases and mortality per million were obtained from the Oxford COVID-19 Government Response Tracker and the European Centre for Disease Prevention and Control, respectively. Fixed effects regression models were used to estimate the association between stringency of COVID-19 movement restrictions and monthly differences in 2020 retail price levels (from average 2017–2019 levels) of foods and other consumer goods, while controlling for pandemic severity in each country and month. Results Regression models yielded a positive and significant relationship between stringency level and FCPI level (coeff. = 1.24–1.91; 95% CIs: 0.25–2.79) or FPI level (coeff. = 1.24–2.14; 95% CIs: 0.60–2.53). Alternatively, stringency level was either negatively associated with CPI level (coeff. = −0.57; 95% CI: −1.06 – −0.07) or not significantly associated with CPI level. Conclusions Government response stringency in COVID-19 movement restriction policies is linked with higher retail food price levels. Governments could consider implementing these policies alongside other measures (e.g., food assistance) to mitigate negative spillovers into the domain of food security and nutrition. Funding Sources This work was supported by the Bill & Melinda Gates Foundation and UKAid through the Foreign, Commonwealth & Development Office of the UK.

Author(s):  
Shri Dewi Applanaidu ◽  
Mukhriz Izraf Azman Aziz

Objective - This study analyzes the dynamic relationship between crude oil price and food security related variables (crude palm oil price, exchange rate, food import, food price index, food production index, income per capita and government development expenditure) in Malaysia using a Vector Auto Regressive (VAR) model. Methodology/Technique - The data covered the period of 1980-2014. Impulse response functions (IRFs) was applied to examine what will be the results of crude oil price changes to the variables in the model. To explore the impact of variation in crude oil prices on the selected food security related variables forecast error variance decomposition (VDC) was employed. Findings - Findings from IRFs suggest there are positive effects of oil price changes on food import and food price index. The VDC analyses suggest that crude oil price changes have relatively largest impact on real crude palm oil price, food import and food price index. This study would suggest to revisiting the formulation of food price policy by including appropriate weight of crude oil price volatility. In terms of crude oil palm price determination, the volatility of crude oil prices should be taken into account. Overdependence on food imports also needs to be reduced. Novelty - As the largest response of crude oil price volatility on related food security variables food vouchers can be implemented. Food vouchers have advantages compared to direct cash transfers since it can be targeted and can be restricted to certain types of products and group of people. Hence, it can act as a better aid compared cash transfers. Type of Paper - Empirical Keywords: Crude oil price, Food security related variables, IRF, VAR, VDC


Author(s):  
Pradeepta Kumar Sarangi ◽  
Deepti Sinha ◽  
Sachin Sinha ◽  
Neetu Mittal

2020 ◽  
Vol 47 (5) ◽  
pp. 1861-1896
Author(s):  
Timothy J Richards ◽  
Stephen F Hamilton

Abstract We examine a food retailer’s incentive to use a minimum quality standard as part of a quality-based price-discrimination strategy and show how price discrimination can result in a substantial level of retail food waste. Using data from a major US food retailer, we estimate a structural model of retail price discrimination and conduct a series of counter-factual experiments to demonstrate that observed retail prices are consistent with quality-based price discrimination in the retail market. Our findings indicate that quality standards on fresh produce can explain a substantial proportion ($7.5\%$) of food waste by retailers in the US.


1991 ◽  
Vol 25 (1) ◽  
pp. 84-97 ◽  
Author(s):  
ROGER A. DAHLGRAN ◽  
MOLLY LONGSTRETH ◽  
MERLE D. FAMINOW ◽  
KATHERINE ACUNA

HortScience ◽  
1996 ◽  
Vol 31 (3) ◽  
pp. 465-467
Author(s):  
Wesseh J. Wollo ◽  
Rufus Jones

The impacts of unloaded quantity, disposable personal income, retail price index of fresh potatoes (Solanum tuberosum L.), and seasonal monthly variables on sweetpotato [Ipomoea batatas (L.) Lam.] price in the St. Louis and Chicago terminal markets were estimated using a regression analysis technique. These markets can absorb a modest increase in sweetpotato quantity without a decrease in wholesale price, but a significant increase in quantity would decrease wholesale price. Sweetpotato price is higher during October, November, and December than in September; therefore, producers must give attention to marketing sweetpotatoes during these months. Also, increased shipments of sweetpotatoes to these markets should not be considered in anticipation of an increase in disposable income.


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