Managing agricultural price volatility in Africa. Context matters for policy effectiveness
DOI :
https://doi.org/10.19182/agritrop/00051Mots-clés
prices, foods, agricultural products, price policies, price stabilization, markets, Developing countries, case studies, efficiency, cereal products, maize, state intervention, private sector, public sector, food stocksRésumé
Version française de l'article
Soaring agricultural prices in 2007/2008, followed by decreasing prices in 2009/2010 then a new surge in late 2010/ 2011, have placed the management of agricultural price volatility at the heart of policy debates. Many developing countries have implemented policies to limit agricultural price volatility and its adverse effects, without always achieving the expected results. Analysis of recent experiences in Africa shows that in order to be effective, a policy measure must meet four conditions: it must be based on robust knowledge; it must be predictable; its funding must be secured; and its enforcement must be monitored.
Références
Authors' publications
Gérard F., Alpha A., Beaujeu R., Levard L., Maître d’Hôtel É., Rouillé d’Orfeuil H., Bricas N., Daviron B., Galtier F., Boussard J.-M., 2011. Managing Food Price Volatility for Food Security and Development. Paris, GREMA, 161 p. http://agritrop.cirad.fr/561259/
Maître d’Hôtel É., Le Cotty T., 2011. Is a public regulation of food price volatility feasible in Africa? An ARCH approach in Kenya. In: 15th Annual Conference of the International Society for New Institutional Economics, Stanford, USA, June 16-18, 2011. Stanford, ISNIE. http://agritrop.cirad.fr/560714/
Other references
Poulton C., Kydd J., Wiggins S., Dorward A., 2006. State intervention for price stabilization in Africa: Can it work? Food Policy 31 (4): 342-356. https://doi.org/10.1016/j.foodpol.2006.02.004
Schirley D., Jayne T., 2010. Exploring the logic behind Southern Africa’s food crises. World Development 38 (1): 76-87. https://doi.org/10.1016/j.worlddev.2009.09.008
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