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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Bibliographic Details
Main Authors:	Baffes, John, Kshirsagar, Varun, Mitchell, Donald
Format:	Journal Article
Published:	Published by Oxford University Press on behalf of the World Bank 2020
Subjects:	MAIZE FOOD PRICES PRICE TRANSMISSION TRADE POLICY WEATHER ANOMALIES WEATHER SHOCK
Online Access:	http://hdl.handle.net/10986/34293

id	okr-10986-34293
recordtype	oai_dc
spelling	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

What Drives Local Food Prices? Evidence from the Tanzanian Maize Market

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