scholarly journals Links between food price behaviour and nutrition in the developing world

SURG Journal ◽  
2012 ◽  
Vol 5 (2) ◽  
pp. 51-62
Author(s):  
Bethany Woods
Keyword(s):  
Food Security ◽  
Commodity Prices ◽  
Price Volatility ◽  
Commodity Markets ◽  
Unintended Consequences ◽  
Food Price ◽  
Price Increases ◽  
The Impact ◽  
Food Commodity ◽  
Global Food

With the recent financial crisis and its enduring fallout, questions surrounding the state of global food security have become more pressing. A key element influencing the nutritional status of the world’s poor is price behavior within global food commodity markets. In recent decades, food commodity markets have experienced both significant price increases, and an increase in volatility. These price trends have had significant impacts on the diversity of diets in impoverished households worldwide, which in turn has impacted nutrition and health. This paper will discuss the causes behind recent trends in food commodity prices, and the extent of their impact on food security and nutrition. Specifically, it will address the impact of food price increases and the uncertainty induced by food price volatility on household food consumption and nutrition. Micronutrient intake is the focus of the nutritional discussion of this work, and variations of consumption behavior in various regions and within different household dynamics are all taken into account. Existing policy actions are discussed in terms of the frequency of their implementation, the factors encouraging or deterring their implementation, and their intended and unintended consequences. Finally, the paper concludes with suggestions for future actions and areas for future research.

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.

scholarly journals FOOD PRICE, LOSSES AND LOGISTICS AFFECTING DIET DIVERSIFICATION AND FOOD SECURITY

2020 ◽  
Vol 14 (3) ◽  
pp. 57-74
Author(s):  
Eduardo Botti Abbade
Keyword(s):  
Food Security ◽  
Food Prices ◽  
Food Price ◽  
Global Perspective ◽  
Food Loss ◽  
Global Food Security ◽  
Food Deficit ◽  
The Impact ◽  
Global Food ◽  
Domestic Food

This study aimed to investigate the impact of logistics performance, domestic food price, and food loss on diet diversification and depth of food deficit, as well as the impact of diet diversification and depth of food deficit on the prevalence of undernourishment worldwide. This investigation adopts a quantitative approach based on available data obtained from the Food and Agriculture Organization (FAO), the Global Food Security Index, and the World Bank Group. This study uses correlation analysis and multiple linear regression analysis as the analytical procedures. In a global perspective, evidence suggests that weak logistics performance tends to increase food loss, and domestic food price has a significant impact on diet diversification, as well as the domestic food price implies a significant increase in depth of food deficit in the world’s populations. Food price is the factor that most impacts the prevalence of undernourishment, severely affecting diet diversification and depth of food deficit worldwide. Reducing food prices has the potential to promote greater diet diversification for populations worldwide, contributing to promote global food security. This study highlights the necessity to develop an improved and efficient global food system, capable of reducing food prices, promote a cleaner food production and deliver improved nutrition and health for world populations. This investigation sustains that food price severely impacts the prevalence of undernourishment, affecting diet diversification and depth of food deficit worldwide.

The Impact of Speculation on Global Food Accessibility and Food Security

2015 ◽  
Vol 29 (1) ◽  
pp. 76-91
Author(s):  
Logan Cochrane ◽  
Mogamat Adams ◽  
Sherin Kunhibava
Keyword(s):  
Food Security ◽  
Futures Markets ◽  
Islamic Law ◽  
Food Price ◽  
Food Accessibility ◽  
The Impact ◽  
Global Food ◽  
Price Spikes

The global food price spikes of 2008 and 2011 resulted in tens of millions of people being pushed into poverty. The cause of these spikes is diverse, including short, medium and long-term factors. The extent each respectively contributed is a matter of on-going debate. This article will explore the role of speculation and futures markets as one of the causes of the global price spikes. This will be followed by an exploration of the understanding of risk, uncertainty and speculation in Islamic law, and how these elements should be curbed in order to prevent food price spikes.

scholarly journals Volatility and Co‑movement: an Analysis of Food Commodity Prices in Nigeria

2017 ◽  
Vol 50 (3) ◽  
pp. 129-139
Author(s):  
Omotoso Oluseye Ogunmola ◽  
Abiodun Elijah Obayelu ◽  
Sakiru Oladele Akinbode
Keyword(s):  
Commodity Prices ◽  
Price Volatility ◽  
Food Prices ◽  
Food Price ◽  
Food Distribution ◽  
Series Data ◽  
Price Series ◽  
Short Period ◽  
High Volatility ◽  
Food Commodity

AbstractThis study explains volatility as a measure and interaction of the possible movement in a particular economic variable. Prices change rapidly in adjustment to market circumstances. Food prices hike experienced overyears has resulted in widespread menace which led to increase in food price volatility. However, volatility and co-movement had generally been lower for the past two decades than for the previous ones. Wide price movements over a short period of time connote high volatility, rendering the producers and consumers vulnerable. Excess volatility can be subjected to sector ineffectiveness and is commodity specific. Producers and processors are mostly concerned about increased price volatility, which greatly exposed them to unpredictable risks and uncertainty associated with price changes. This study examined the volatility and co-movement of food commodity prices in Nigeria using price series data on rice, maize, sorghum, cassava and yam for the period of 1966 to 2013. The data were analysed using Vector Autoregressive Model to forecast food price volatility and to examine the food commodity prices that Granger cause food price volatility in other food commodities. The GARCH regression model is used to estimate the magnitude of volatility which revealed that, food commodity prices exhibit high volatility and there is persistent increase in prices over the period of study. The Nigerian food commodity prices have experienced high fluctuations over the period; therefore, the study recommends proper storage facilities and infrastructure for the food distribution corporations in Nigeria.

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.

scholarly journals The impact of food price increases on nutrient intake in Lebanon

2014 ◽  
Vol 2 (1) ◽  
Author(s):  
Souhad Abou Zaki ◽  
Jad Chaaban ◽  
Lara Nasreddine ◽  
Ali Chalak
Keyword(s):  
Nutrient Intake ◽  
Food Price ◽  
Price Increases ◽  
The Impact

Crude Oil Price and Food Security Related Variables in Malaysia

2016 ◽  
Vol 4 (2) ◽  
pp. 17-21
Author(s):  
Shri Dewi Applanaidu ◽  
Mukhriz Izraf Azman Aziz
Keyword(s):  
Food Security ◽  
Crude Oil ◽  
Price Index ◽  
Price Volatility ◽  
Food Price ◽  
Oil Price ◽  
Crude Oil Price ◽  
Price Changes ◽  
Oil Price Volatility ◽  
Crude Oil Prices

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

scholarly journals Volatility Spillovers Arising from the Financialization of Commodities

2018 ◽  
Vol 11 (4) ◽  
pp. 72 ◽  
Author(s):  
Wing Chan ◽  
Bryce Shelton ◽  
Yan Wu
Keyword(s):  
Commodity Prices ◽  
Spillover Effects ◽  
Realized Volatility ◽  
Commodity Markets ◽  
Exchange Traded Funds ◽  
Volatility Transmission ◽  
Volatility Spillovers ◽  
The Difference ◽  
Index Investment ◽  
The Impact

This paper examines whether the proliferation of new index products, such as commodity-tracking exchange-traded funds (ETFs), amplified the volatility transmission channel introduced by financialization. This paper focuses on the volatility spillover effects among crude oil, metals, agriculture, and non-energy commodity markets. The results show financialization has an impact on the volatility of commodity prices, predominantly for non-energy commodities. However, the impact on volatility is not symmetric across all commodities. The analysis of index investment and investors’ positions in futures markets shows that, when a relationship exists, it is generally negatively correlated with the realized volatility of non-energy commodities. Using realized volatility in the difference-in-difference model provides estimates that are inconsistent with other findings that non-energy commodities, traded as a part of indices, have experienced higher volatility. The results are similar to the index investment and futures market analysis, where increased participation by investors through new investment products has put download pressure on realized volatility.

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