Higher Fuel and Food Prices : Impacts and Responses for Mozambique

Higher Fuel and Food Prices : Impacts and Responses for Mozambique

The dramatic increases in world food and fuel prices during 2007 and early 2008 may set back Mozambique's considerable advances in poverty reduction during the past decade. This study assesses the impact of higher fuel and food prices at both...

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Bibliographic Details
Main Author:	World Bank
Format:	Policy Note
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ABSOLUTE POVERTY ADVERSE EFFECTS AGRICULTURAL COMMODITIES AGRICULTURAL LAND AGRICULTURAL OUTPUT AGRICULTURAL PRICES AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTIVITY AGRICULTURAL PRODUCTS AGRICULTURAL SECTOR AGRICULTURAL TECHNOLOGY AGRICULTURAL WAGES AGRICULTURE ARBITRAGE BASE YEAR BORDER PRICE CASH TRANSFER PROGRAMS CASH TRANSFERS CASSAVA CEREAL CROPS CEREALS CIVIL WAR COMMERCE COMMERCIALIZATION COMMODITIES COMMODITY COMMODITY PRICE COMMODITY PRICES COMPETITIVE MARKET CONSTANT RETURNS TO SCALE CONSUMER PRICE CONSUMER PRICE INDEX CONSUMER PRICES CONSUMERS CONSUMPTION EXPENDITURES CONSUMPTION LEVELS COOKING COST OF LIVING CROP PRODUCTION CROSS PRICE DEVELOPMENT ECONOMICS DISTRIBUTION OF BENEFITS DOMESTIC MARKET DOMESTIC MARKETS DOMESTIC PRICE DOMESTIC PRICES ECONOMIC SECTORS ECONOMIC STRUCTURE ELASTICITY ELASTICITY OF SUBSTITUTION ENERGY PRICES EQUILIBRIUM EXCHANGE RATE EXCHANGE RATE FLUCTUATIONS EXCHANGE RATE MOVEMENTS EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT SECTORS FACTOR PRICE FACTOR PRICES FACTORS OF PRODUCTION FARM PRODUCTIVITY FARMERS FINANCIAL CRISIS FINANCIAL FLOWS FINANCIAL MANAGEMENT FISCAL DEFICIT FIXED COSTS FLOUR FOOD BASKET FOOD BUYERS FOOD CONSUMERS FOOD CONSUMPTION FOOD EXPENDITURES FOOD EXPORTS FOOD GRAINS FOOD IMPORTS FOOD ITEMS FOOD PRICE FOOD PRICE SUBSIDIES FOOD PRICES FOOD PRODUCTION FOOD SALES FOOD STAPLES FOOD SUBSIDIES FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN MARKETS GDP GENERAL EQUILIBRIUM ANALYSIS GNP GRAINS GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GROUNDNUTS HOUSEHOLD CONSUMPTION HOUSEHOLD INCOME HOUSEHOLD SURVEY HOUSEHOLD WELFARE HYDROCARBONS IFPRI IMPACT ON POVERTY IMPERFECT COMPETITION INCOME INCOME DISTRIBUTION INCOME GROUP INCOME GROUPS INCOME LEVELS INCOME QUINTILE INCOMES INFLATION INSURANCE INTERNATIONAL RESERVES INTERNATIONAL TRADE INVESTMENT CLIMATE LABOR MARKETS LAND OWNERSHIP LANDHOLDINGS LOCAL CURRENCY LOW-INCOME COUNTRIES MACROECONOMIC ADJUSTMENTS MACROECONOMIC LEVELS MAIZE MARGINAL COST MARGINAL REVENUE MARKET ECONOMY MARKET INFRASTRUCTURE MARKET PRICE MARKET PRICES MARKET RETURNS MARKET SHARE MARKETED FOODS MARKETING MEAT MEATS MILLING INDUSTRY NATIONAL INCOME NATIONAL POVERTY PARTIAL EQUILIBRIUM ANALYSIS PENSION PENSION SYSTEM PETROLEUM PRODUCTS POOR POOR COUNTRIES POOR HOUSEHOLDS POOR PERSONS POVERTY IMPACT POVERTY LEVELS POVERTY LINE POVERTY MEASURES POVERTY RATES POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRICE CHANGE PRICE CHANGES PRICE DISCRIMINATION PRICE INCREASE PRICE INCREASES PRICE LEVELS PRICE MOVEMENTS PRICE SUBSIDY PRICE TRENDS PRICE VOLATILITY PRICING POLICIES PRIVATE INVESTMENT PROCESSED FOODS PRODUCTION STRUCTURE PROFIT MAXIMIZATION PUBLIC POLICY PUBLIC SAVINGS PUBLIC WORKS PULSES PURCHASING PURCHASING POWER RAPID GROWTH RATE OF GROWTH REAL INCOME RETAIL RETAIL MARKETS RETAIL PRICE RETAIL PRICES RICE ROOT CROPS RURAL RURAL AREAS RURAL ECONOMY RURAL FARM RURAL HOUSEHOLD RURAL HOUSEHOLDS RURAL INCOMES RURAL LABOR RURAL POOR RURAL POVERTY RURAL WAGES SAFETY NET SAFETY NETS SALE SALES SAVINGS SMALL COUNTRY SOCIAL PROTECTION SOCIAL SAFETY NETS SOCIAL SECURITY SPREAD STAPLE FOODS STRUCTURAL CHANGE SUBSTITUTES SUBSTITUTION SUGAR SURPLUS TARGETED SOCIAL SAFETY NETS TAX TAX RATES TAXATION TECHNICAL ASSISTANCE TOTAL SALES TRADE BARRIERS TRADE LIBERALIZATION TRADE POLICIES TRADE POLICY TRADE TAXES TRANSACTION COST TRANSACTION COSTS TROUGH VALUE ADDED WAGE RATES WAGES WEALTH WHEAT WHEAT FLOUR WHOLESALERS
Online Access:	http://documents.worldbank.org/curated/en/2008/12/10761138/mozambique-higher-fuel-food-prices-impacts-responses-mozambique http://hdl.handle.net/10986/18909

Description
Summary:	The dramatic increases in world food and fuel prices during 2007 and early 2008 may set back Mozambique's considerable advances in poverty reduction during the past decade. This study assesses the impact of higher fuel and food prices at both household and macroeconomic levels, and also considers policy options to mitigate some of the negative impacts of higher prices. Rising world prices certainly represents a negative terms-of-trade shock for Mozambique, since the country imports almost all of its fuel and is a net importer of food. The report is structured in six sections. Section two presents information on the extent of international food and fuel price increases and their transmission to local markets in Mozambique. Section three presents household-level analysis focused on the first order impact of the food price increases. Section four complements previous sections by examining the impact of higher food and fuel prices within a general equilibrium framework. Section five discusses the likely impact of alternative policy options in the short and long term. Section six summarizes and concludes.

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