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

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World Bank (WB)

Abstract: This study quantifies the relationship between Tanzanian and external maize markets while also accounting for domestic influences. It concludes that external influences on domestic prices originate from regional, rather than global, markets. It also shows that, compared to external factors, domestic factors exert a greater influence on Tanzanian maize markets. Further, the mechanisms through which trade policies influence maize markets involve interactions with both external market shocks and domestic weather shocks. Overall, it provides evidence that the intermittent imposition of export bans in Tanzania has had adverse impacts on its maize markets, and consequently, on the development of its agrarian economy.
Type: Working Paper
Publications & Research
Publications & Research :: Policy Research Working Paper
Link: http://hdl.handle.net/10986/22221
Subject: GROWTH RATES
ECONOMIC GROWTH
OIL PRICE
DOMESTIC SOURCES
COMMODITY EXPORT
PRICE LEVELS
COST OF PRODUCTION
RESPONSE TO CLIMATE CHANGE
FAMINES
INCOME
INTEREST
AGRICULTURAL PRODUCTION
EXTERNAL PRICE
EXCHANGE
PRICE SETTING
DOMESTIC MARKET
DEVELOPING COUNTRIES
FOOD POLICY
INCENTIVES
WORLD MARKETS
AGRICULTURAL ECONOMICS
PRICING
DOMESTIC PRICE
PRICE
MARKET INFRASTRUCTURE
PRICE UNCERTAINTY
INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE
MARKET PARTICIPANTS
MAIZE
FOOD MARKETS
OIL PRICES
CEREALS
COMMERCIALIZATION
DEVELOPMENT ECONOMICS
FOOD POLICY RESEARCH
LOW-INCOME COUNTRIES
PRICING POLICY
PRICE VOLATILITY
FOOD PRICE
SURPLUS
PRODUCTS
DEMOCRACY
SUPPLY SHOCKS
MONETARY FUND
MARKETING
MARKETS
CONNECTIVITY
IMPORTS
PRODUCT
FOOD POLICIES
FAMINE
PRICING POLICIES
FOOD AID
SOYBEAN
TAXES
PRICE CHANGE
CLIMATE VARIABILITY
DEREGULATION
FOOD PROCESSING FACILITIES
CONSUMPTION
MARKET ANALYSIS
SUBSTITUTE
FOOD SECURITY
CLIMATE CHANGE
POLICIES
DOMESTIC MARKETS
INTERNATIONAL TRADE
VOLATILITY
MARKET CONDITIONS
FUTURE
MARKET PRICES
VALUE
THIRD WORLD
ECONOMIC DATA
CLIMATE
ANIMAL FEED
DEMAND
LOWER PRICE
CONSUMER PRICE
PRICE CHANGES
AGRICULTURE
INCOMES
PRICE SPREAD
FUEL PRICES
PRICE ADJUSTMENT
AVERAGE PRICE
MARKET
FOOD
SUPPLY CHAIN
SMALL COUNTRY
POLICY
OUTPUT
PRICE MOVEMENTS
EXTERNAL MARKET
FOOD SURPLUS
TRADE
DOMESTIC PRICES
SECURITY
CORN
LIQUID MARKET
FOOD CROPS
LOWER PRICES
SHARE
FOOD SUPPLY
SUPPLY
EXTERNAL SHOCKS
COMMODITY MARKETS
WHEAT
FOOD AVAILABILITY
INVESTMENTS
MARKET INTEGRATION
RICE
CONSUMER PRICE INDEX
CIVIL WAR
COMMODITIES
ARBITRAGE
FOOD PRICES
PRICE CONTROLS
EXTERNAL MARKETS
FOOD PROCESSING
PRICE INDEX
COMMODITY PRICES
COMMODITY
FOOD STAPLES
WORLD MARKET
PRICES
MARKET FORCES
SPREAD
STORAGE




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