Wheat Markets and Price Stabilisation in Pakistan: An Analysis of Policy Options

This article provides a quantitative analysis of the effects of Pakistan government domestic wheat procurement, sales, and trade policies on wheat supply, demand, prices, and overall inflation. Analysis of price multipliers indicates that increases in wheat procurement prices (one means of promoting...

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Main Authors:	Dorosh, Paul, Salam, Abdul
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Trade Policy International Trade Organizations F130 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 International Linkages to Development Role of International Organizations O190 Agriculture: Aggregate Supply and Demand Analysis Prices Q110 Agriculture in International Trade Q170 Agricultural Policy Food Policy Q180
Online Access:	http://hdl.handle.net/10986/5673

id	okr-10986-5673
recordtype	oai_dc
spelling	okr-10986-56732021-04-23T14:02:23Z Wheat Markets and Price Stabilisation in Pakistan: An Analysis of Policy Options Dorosh, Paul Salam, Abdul Trade Policy International Trade Organizations F130 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 International Linkages to Development Role of International Organizations O190 Agriculture: Aggregate Supply and Demand Analysis Prices Q110 Agriculture in International Trade Q170 Agricultural Policy Food Policy Q180 This article provides a quantitative analysis of the effects of Pakistan government domestic wheat procurement, sales, and trade policies on wheat supply, demand, prices, and overall inflation. Analysis of price multipliers indicates that increases in wheat procurement prices (one means of promoting domestic procurement) have relatively small effects on the overall consumer price index. Partial equilibrium analysis of wheat markets suggests that fluctuations in production, rather than market manipulation, are plausible explanations for price increases in recent years. Comparisons of domestic and international prices suggest that promoting private sector imports is one alternative for increasing supply and stabilising market prices, particularly in years of production shortfalls. Overall, this paper concludes that market forces play a dominant role in price determination in Pakistan, and that policies that promote the private sector wheat trade can both increase price stability and reduce fiscal costs. 2012-03-30T07:33:58Z 2012-03-30T07:33:58Z 2008-04 Journal Article Pakistan Development Review 00309729 http://hdl.handle.net/10986/5673 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Pakistan
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Trade Policy International Trade Organizations F130 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 International Linkages to Development Role of International Organizations O190 Agriculture: Aggregate Supply and Demand Analysis Prices Q110 Agriculture in International Trade Q170 Agricultural Policy Food Policy Q180
spellingShingle	Trade Policy International Trade Organizations F130 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 International Linkages to Development Role of International Organizations O190 Agriculture: Aggregate Supply and Demand Analysis Prices Q110 Agriculture in International Trade Q170 Agricultural Policy Food Policy Q180 Dorosh, Paul Salam, Abdul Wheat Markets and Price Stabilisation in Pakistan: An Analysis of Policy Options
geographic_facet	Pakistan
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	This article provides a quantitative analysis of the effects of Pakistan government domestic wheat procurement, sales, and trade policies on wheat supply, demand, prices, and overall inflation. Analysis of price multipliers indicates that increases in wheat procurement prices (one means of promoting domestic procurement) have relatively small effects on the overall consumer price index. Partial equilibrium analysis of wheat markets suggests that fluctuations in production, rather than market manipulation, are plausible explanations for price increases in recent years. Comparisons of domestic and international prices suggest that promoting private sector imports is one alternative for increasing supply and stabilising market prices, particularly in years of production shortfalls. Overall, this paper concludes that market forces play a dominant role in price determination in Pakistan, and that policies that promote the private sector wheat trade can both increase price stability and reduce fiscal costs.
format	Journal Article
author	Dorosh, Paul Salam, Abdul
author_facet	Dorosh, Paul Salam, Abdul
author_sort	Dorosh, Paul
title	Wheat Markets and Price Stabilisation in Pakistan: An Analysis of Policy Options
title_short	Wheat Markets and Price Stabilisation in Pakistan: An Analysis of Policy Options
title_full	Wheat Markets and Price Stabilisation in Pakistan: An Analysis of Policy Options
title_fullStr	Wheat Markets and Price Stabilisation in Pakistan: An Analysis of Policy Options
title_full_unstemmed	Wheat Markets and Price Stabilisation in Pakistan: An Analysis of Policy Options
title_sort	wheat markets and price stabilisation in pakistan: an analysis of policy options
publishDate	2012
url	http://hdl.handle.net/10986/5673
_version_	1764395908163698688

Wheat Markets and Price Stabilisation in Pakistan: An Analysis of Policy Options

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