Global Distortions to Key Agricultural Commodity Markets

The regional books that provided detailed estimates of distortion in developing economies are all country focused. While they include commodity details for their particular country, they are not able to provide an overview for developing countries...

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Bibliographic Details
Main Authors:	Anderson, Kym, Croser, Johanna L., Nelgen, Signe, Valenzuela, Ernesto
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	AGRICULTURAL COMMODITIES AGRICULTURAL ECONOMICS AGRICULTURAL MARKETS AGRICULTURAL POLICY AGRICULTURAL PRICE AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AGRICULTURE BANANAS BARLEY BEEF CA CASH CROPS CASSAVA COCOA COCONUT COFFEE COMMODITY CONSUMER PRICES COTTON CROP CROP PRODUCTION DOMESTIC MARKET DOMESTIC MARKETS EGG FAO FARM FARM INCOMES FARM PRODUCTS FARMERS FOOD INTAKE FOOD MARKETS FOOD POLICY FOOD PRICES FOOD PRODUCTION FOOD SECURITY FOOD STAPLES FOODS FRUIT FRUITS GA GARLIC GRAIN GRAIN CROPS GRAIN PRICES GRAINS GROUNDNUT INTENSIVE FEEDING INTERNATIONAL MARKET INTERNATIONAL MARKETS INTERNATIONAL TRADE JUTE LIVESTOCK LIVESTOCK PRODUCTS LIVESTOCK SECTOR MAIZE MARKET ACCESS MARKET FAILURE MARKET VOLATILITY MARKETPLACE MBI MEAT MEATS MILK MILK PRODUCTS MILLET MONOPOLY OILSEEDS ORANGE PEPPER PEPPERS PIG POOR HOUSEHOLDS POTATO POTATOES POULTRY POULTRY MEAT PRICE DISTORTION PRICE STABILITY PRICE STABILIZATION PRICE VOLATILITY PRICING POLICY PRODUCE PRODUCER PRICES PROTEIN RAPESEED RICE RICE PRICE RICE PRODUCTION RICE TRADE RUBBER SESAME SISAL SORGHUM SOYBEAN SPREAD STABLES STAPLE FOODS SUGAR SUGAR TRADE SUNFLOWER SWEET POTATO TEA TOBACCO TROPICAL CROPS TROPICAL PRODUCTS TUBERS VANILLA VEGETABLES WHEAT WOOL WORLD MARKETS YAM YAMS
Online Access:	http://documents.worldbank.org/curated/en/427571468335994805/Global-distortions-to-key-agricultural-commodity-markets http://hdl.handle.net/10986/28169

Description
Summary:	The regional books that provided detailed estimates of distortion in developing economies are all country focused. While they include commodity details for their particular country, they are not able to provide an overview for developing countries or high-income countries as a group, or for the world as a whole. This paper seeks to fill this gap. The paper begins by describing the overall project's coverage of 30 major commodities and their importance in regional and global agricultural production and trade. It then summarizes the nominal rates of assistance and consumer tax equivalents for twelve key covered products, together with their gross subsidy/tax equivalents in constant dollars. The paper then examines seven largely non-traded food staples that are nonetheless important food items for poor people in low-income countries. Even though those commodities are only a small share of global production and exports of farm products, they can be crucial to the food security of large segments of developing country societies. The agricultural distortions database lends itself to placing the policies affecting (or ignoring) those products in a broader perspective. The final part of the paper provides another new perspective on the project's database. It seeks to shed light on how relatively distorted are the various commodity markets from the viewpoint of global trade or welfare restrictiveness. This analysis draws on the theory outlined in the previous chapter, but switches the focus from countries to products.

Global Distortions to Key Agricultural Commodity Markets

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