Hedging grain price risk in the SADC: Case studies of Malawi and Zambia

Dana, Julie; Gilbert, Christopher L.; Shim, Euna

doi:10.1016/j.foodpol.2006.03.007

Cited by 25 publications

(10 citation statements)

References 4 publications

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“…In southern and eastern Africa, white maize plays this role. Because many food-importing countries are landlocked, price volatility can be very high—see Dana et al . (2006) in relation to maize in Malawi and Zambia.…”

Section: Consequences Of Food Price Volatilitymentioning

confidence: 99%

Food price volatility

Gilbert

Morgan

2010

Phil. Trans. R. Soc. B

284

115

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The high food prices experienced over recent years have led to the widespread view that food price volatility has increased. However, volatility has generally been lower over the two most recent decades than previously. Variability over the most recent period has been high but, with the important exception of rice, not out of line with historical experience. There is weak evidence that grains price volatility more generally may be increasing but it is too early to say.

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Section: Consequences Of Food Price Volatilitymentioning

confidence: 99%

Food price volatility

Gilbert

Morgan

2010

Phil. Trans. R. Soc. B

284

115

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“…Countries large and small, rich and poor, exporters and importers, can potentially use these instruments to stabilize grain prices by using global exchanges, establishing local exchanges, or a combination of both (Dana et al 2006;Larson 1993;Sheales and Tomek 1987). In a region as diverse as MENA, financial instruments are risk management tools that have the potential to be employed by all countries in the region as part of a broader riskmanagement strategy (World Bank 2009).…”

Section: Alternatives/complementary Strategies and Management Toolsmentioning

confidence: 99%

Grain import dependency in the MENA region: risk management options

Sadler

Magnan

2011

Food Sec.

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The Middle East and North Africa (MENA) Region is the largest grain importing region in the world. Severe constraints on arable land and water, coupled with a growing population and rising incomes, make the region inherently dependent on imports to meet rising demand for food, particularly cereals. These imports became exorbitantly expensive in recent years as world market prices for cereals were high and erratic. As a result, MENA countries, as well as food importing countries throughout the world, have placed a new premium on designing strategies for improving food security by reducing the risks that accompany being a food importing nation. This paper is meant to be an overview of strategies available to policy makers in the region in order to improve food security under the assumption of continued import dependence.

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“…28The price data are from the dataset used by Dana et al (2006). Given rapid inflation in Malawi during the 1990s, prices were deflated by the CPI (IMF, International Financial Statistics).…”

mentioning

confidence: 99%

Food price seasonality in Africa: Measurement and extent

Gilbert

Christiaensen

Kaminski³

2017

Food Policy

Self Cite

110

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Everyone knows about seasonality. But what exactly do we know? This study systematically measures seasonal price gaps at 193 markets for 13 food commodities in seven African countries. It shows that the commonly used dummy variable or moving average deviation methods to estimate the seasonal gap can yield substantial upward bias. This can be partially circumvented using trigonometric and sawtooth models, which are more parsimonious. Among staple crops, seasonality is highest for maize (33 percent on average) and lowest for rice (16½ percent). This is two and a half to three times larger than in the international reference markets. Seasonality varies substantially across market places but maize is the only crop in which there are important systematic country effects. Malawi, where maize is the main staple, emerges as exhibiting the most acute seasonal differences. Reaching the Sustainable Development Goal of Zero Hunger requires renewed policy attention to seasonality in food prices and consumption.

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Hedging grain price risk in the SADC: Case studies of Malawi and Zambia

Cited by 25 publications

References 4 publications

Food price volatility

Food price volatility

Grain import dependency in the MENA region: risk management options

Food price seasonality in Africa: Measurement and extent

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