What Drives Local Food Prices? Evidence from the Tanzanian Maize Market
We examine the drivers of monthly changes in maize prices across 18 Tanzanian markets. Local prices respond three to four times faster to the main regional market (Nairobi) than to the international benchmark (US Gulf). More importantly, shocks from Nairobi account for only one third of the explaine...
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okr-10986-342932021-05-25T10:54:38Z What Drives Local Food Prices? Evidence from the Tanzanian Maize Market Baffes, John Kshirsagar, Varun Mitchell, Donald MAIZE FOOD PRICES PRICE TRANSMISSION TRADE POLICY WEATHER ANOMALIES WEATHER SHOCK We examine the drivers of monthly changes in maize prices across 18 Tanzanian markets. Local prices respond three to four times faster to the main regional market (Nairobi) than to the international benchmark (US Gulf). More importantly, shocks from Nairobi account for only one third of the explained variation in domestic prices; the remaining two-thirds is accounted for by domestic influences (including harvest cycles, weather shocks, and trade policies). Further, we show that remoteness and the local agroecology systematically influence the behavior of food prices. 2020-08-06T19:14:33Z 2020-08-06T19:14:33Z 2019-02 Journal Article World Bank Economic Review 1564-698X http://hdl.handle.net/10986/34293 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Published by Oxford University Press on behalf of the World Bank Publications & Research Publications & Research :: Journal Article Africa East Africa Kenya Tanzania |
repository_type |
Digital Repository |
institution_category |
Foreign Institution |
institution |
Digital Repositories |
building |
World Bank Open Knowledge Repository |
collection |
World Bank |
topic |
MAIZE FOOD PRICES PRICE TRANSMISSION TRADE POLICY WEATHER ANOMALIES WEATHER SHOCK |
spellingShingle |
MAIZE FOOD PRICES PRICE TRANSMISSION TRADE POLICY WEATHER ANOMALIES WEATHER SHOCK Baffes, John Kshirsagar, Varun Mitchell, Donald What Drives Local Food Prices? Evidence from the Tanzanian Maize Market |
geographic_facet |
Africa East Africa Kenya Tanzania |
description |
We examine the drivers of monthly changes in maize prices across 18 Tanzanian markets. Local prices respond three to four times faster to the main regional market (Nairobi) than to the international benchmark (US Gulf). More importantly, shocks from Nairobi account for only one third of the explained variation in domestic prices; the remaining two-thirds is accounted for by domestic influences (including harvest cycles, weather shocks, and trade policies). Further, we show that remoteness and the local agroecology systematically influence the behavior of food prices. |
format |
Journal Article |
author |
Baffes, John Kshirsagar, Varun Mitchell, Donald |
author_facet |
Baffes, John Kshirsagar, Varun Mitchell, Donald |
author_sort |
Baffes, John |
title |
What Drives Local Food Prices? Evidence from the Tanzanian Maize Market |
title_short |
What Drives Local Food Prices? Evidence from the Tanzanian Maize Market |
title_full |
What Drives Local Food Prices? Evidence from the Tanzanian Maize Market |
title_fullStr |
What Drives Local Food Prices? Evidence from the Tanzanian Maize Market |
title_full_unstemmed |
What Drives Local Food Prices? Evidence from the Tanzanian Maize Market |
title_sort |
what drives local food prices? evidence from the tanzanian maize market |
publisher |
Published by Oxford University Press on behalf of the World Bank |
publishDate |
2020 |
url |
http://hdl.handle.net/10986/34293 |
_version_ |
1764480593061478400 |