Managing agricultural price volatility in Africa. Context matters for policy effectiveness

Auteurs

Raphaël Beaujeu
Laurent Levard

DOI :

https://doi.org/10.19182/agritrop/00051

Mots-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 stocks

Résumé

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.

Biographies des auteurs

Elodie Maître d’Hôtel

Élodie Maître d’Hôtel is an economist at CIRAD (MOISA joint research unit, Markets, organisations, institutions and stakeholder strategies, https://umr-moisa.cirad.fr/). Her work focuses on public and private mechanisms for managing agricultural price instability in Africa.

Arlène Alpha

Arlène Alpha is an economist at GRET (https://www.gret.org/?lang=en). She specialises in trade policy and negotiations, agricultural policy, regional integration and food security.

Raphaël Beaujeu

Raphaël Beaujeu is an economist at IRAM (Institute for applied Research in development Methodology, https://www.iram-fr.org/home.html). His work focuses on national and regional instruments for agricultural trade policy.

Françoise Gérard

Françoise Gérard is an economist at CIRAD (Green Research Unit, Renewable resources and environment management, https://ur-green.cirad.fr/en). A specialist in agricultural price instability and in the dynamic analysis of economic systems, she coordinated the GREMA (Groupe de recherche et d'échange sur la régulation des marchés agricoles) study on food price volatility.

Laurent Levard

Laurent Levard is an agricultural economist at GRET (https://www.gret.org/?lang=en). He focuses on family farming, agricultural policy, international trade negotiations, agricultural market regulation and fair trade.

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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Publié

2011-01-01

Comment citer

Maître d’Hôtel, E., Alpha, A., Beaujeu, R., Gérard, F., & Levard, L. (2011). Managing agricultural price volatility in Africa. Context matters for policy effectiveness. Perspective, (12), 1–4. https://doi.org/10.19182/agritrop/00051