Download or read book Coffee Price Volatility and Trade Policy Effects written by Shilinde John Siegfred Magalaya and published by LAP Lambert Academic Publishing. This book was released on 2014-01 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work provides empirical examination of conditionality, degree of persistence of international coffee price volatility and effects of policies in Tanzania. In modelling coffee price volatility, previous studies treated variation in price as unconditional and volatility addressed as constant overtime but recent studies indicated that price volatility exhibits auto-regressive conditional heteroskedastic behavior. Noting that, this study has attempted to model coffee price volatility using the GARCH (1,1) process. It was written out of the time-series data on the international coffee price paid to growers in Tanzania spanning from 1980 through 2008. The study establishes that coffee price had no regular pattern rather a random walk process, non-conditional and its persistence overtime displays memory decay. Changes in trade policies within Tanzania do not have any effect on the world coffee price. The likely explanation is that Tanzania is a price taker, cannot affect settings of international prices. The policy response to this include new marketing approach, ethical trading, Tanzania coffee can be marketed as a brand and revitalization of cooperatives.
Download or read book Volatile coffee prices Covid 19 and market fundamentals written by Hernandez, Manuel A. and published by Intl Food Policy Res Inst. This book was released on 2020-06-02 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past three months, coffee prices have experienced multiple spikes and high volatility. This is in contrast to world market prices of major staple foods, which have remained relatively stable. While experts initially attributed the instability of coffee prices to supply-side uncertainty and market tightening, the covid-19 pandemic seems to have aggravated coffee’s price fluctuations. The novel coronavirus represents an unprecedented joint supply and demand shock to the global coffee sector, constituting an enormous challenge to coffee growers, farm workers, and downstream value chain actors. These various supply and demand impacts will be felt at different points in time further contributing to global market uncertainties and the ongoing price volatility. The pandemic may also have major implications for poverty and food insecurity for the world’s 25 million coffee producers, most of whom are smallholders in low- and middle income countries that are unprepared to respond to a public health crisis of this proportion.
Download or read book Effects of Policy Reforms on Price Transmission and Price Volatility in Coffee Markets written by Rhoda Mofya-Mukuka and published by . This book was released on 2011 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economics of Food Price Volatility written by Jean-Paul Chavas and published by University of Chicago Press. This book was released on 2014-10-14 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The conference was organized by the three editors of this book and took place on August 15-16, 2012 in Seattle."--Preface.
Download or read book Do Institutional Qualities Affect Agricultural Prices Distortions written by A. Nsabimana and published by . This book was released on 2013 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is a lot of theoretical and empirical evidence that agricultural price distortions arising from government trade policies impact the gain derived from farming hence, affecting economic growth. Some claim that the degree of distortions depends mostly on government trade policies and institutional structures in place. Others bring in the issue of infrastructure as key instrument for pricing and how both may contribute to economic growth. We explore the way cocoa & coffee price gaps and NRAs are affected by institutions where Fight against corruption, Government effectiveness, regulatory quality and Rule of law were used as proxies. Other factors are involved in our modelling to test the level of RPM and NRA being response variables. These are National income per capita and share of agriculture in GDP. By employing Random estimations and holding relative price margin(RPM) as a dependent variable, our results show that institutions do have statistical, meaningful effects on price margins in cocoa and coffee in Rule of Law. This implies that RoL shows significant impact on RPM with (-2.837853) parameter value. This means that if the level if institutions improve by a one unit( law tough measure, enforcement, property, or generally an assessment of the strength and impartiality of the legal system better institutions) would reduce the price gap hence improving farmers wellbeing. Though national income and share of agriculture in GDP do present statistically significant effects on RPM, they seem to be inconclusive because their respective parameters have positive signs which contradict our initial assumptions. A dummy variable on cocoa with a negative sign parameter(-7.68) value is statistically significant. This tells us that if a one unit in cocoa crop is trade, the RPM is likely to decline sharply by 7 units. This gives an economic intuitive approach that as more unit of cocoa is produced and traded, the more price gap is likely to reduce compared to coffee trading counterpart. Holding NRAs as response variable, our results show that institutions matter for government to tax or subsidize the cocoa and coffee farmers. While FC and RQ do present negative influence on NRAs, the RoL gives positive implication on the same response variable. The reason behind this was not found with our research, but the economic possible reasons are behind each government’s crop trade policies. By using cross section approach, we tested the role of infrastructure( using roads as a potential proxy) on influencing the degree of price gaps and the results show that roads matter strongly in reducing the margins between world and domestic price for cocoa and coffee farming/trading. This surely supports our initial assumption that provision of infrastructures in cocoa and coffee farming areas would reduce the cost of production, hence reducing the margins.
Download or read book Food Price Volatility and Its Implications for Food Security and Policy written by Matthias Kalkuhl and published by Springer. This book was released on 2016-04-12 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides fresh insights into concepts, methods and new research findings on the causes of excessive food price volatility. It also discusses the implications for food security and policy responses to mitigate excessive volatility. The approaches applied by the contributors range from on-the-ground surveys, to panel econometrics and innovative high-frequency time series analysis as well as computational economics methods. It offers policy analysts and decision-makers guidance on dealing with extreme volatility.
Download or read book Market Reforms and Commodity Price Volatility written by Benedicto Lukanima and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The goal of this paper is to examine the impact of commodity market reforms on producer price volatility using evidence from the East African coffee market. The results, based on time-varying volatility models and key summary statistics, show that coffee market reforms in the East African Community (EAC) are associated with changes in producer price volatility and volatility persistence at both country and regional levels. However, reforms were not the only cause of changes in price volatility. The study further shows that reforms had different effects on prices volatilities of Arabica and Robusta varieties of coffee grown in individual EAC countries. These findings have wider implication for commodity market reforms and producer price stabilisation policies in the EAC and coffee producing countries in sub-Sahara Africa.
Download or read book Agricultural Commodity Markets and Trade written by Alexander Sarris and published by Edward Elgar Publishing. This book was released on 2006-01-27 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book argues that the viability of many observed market and non-market interventions in agricultural products worldwide depends considerably on the underlying behaviour of the relevant commodity markets. Many of these policies have had distortive impacts, resulting in much discussion and controversy in the context of the World Trade Organization (WTO) Doha Round of trade negotiations.
Download or read book Export Supply Import Demand and Trade Policy written by Samuel W. Scott and published by . This book was released on 1996 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Safeguarding Food Security in Volatile Global Markets written by Adam Prakash and published by Bright Sparks. This book was released on 2011 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely publication as world leaders deliberate the causes of the latest bouts of food price volatility and search for solutions that address the recent velocity of financial, economic, political, demographic, and climatic change. As a collection compiled from a diverse group of economists, analysts, traders, institutions and policy formulators - comprising multiple methodologies and viewpoints - the book exposes the impact of volatility on global food security, with particular focus on the world's most vulnerable.
Download or read book The Coffee Paradox written by Benoit Daviron and published by Zed Books Ltd.. This book was released on 2013-07-18 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can developing countries trade their way out of poverty? International trade has grown dramatically in the last two decades in the global economy, and trade is an important source of revenue in developing countries. Yet, many low-income countries have been producing and exporting tropical commodities for a long time. They are still poor. This book is a major analytical contribution to understanding commodity production and trade, as well as putting forward policy-relevant suggestions for ‘solving’ the commodity problem. Through the study of the global value chain for coffee, the authors recast the ‘development problem’ for countries relying on commodity exports in entirely new ways. They do so by analysing the so-called coffee paradox – the coexistence of a ‘coffee boom’ in consuming countries and of a ‘coffee crisis’ in producing countries. New consumption patterns have emerged with the growing importance of specialty, fair trade and other ‘sustainable’ coffees. In consuming countries, coffee has become a fashionable drink and coffee bar chains have expanded rapidly. At the same time, international coffee prices have fallen dramatically and producers receive the lowest prices in decades. This book shows that the coffee paradox exists because what farmers sell and what consumers buy are becoming increasingly ‘different’ coffees. It is not material quality that contemporary coffee consumers pay for, but mostly symbolic quality and in-person services. As long as coffee farmers and their organizations do not control at least parts of this ‘immaterial’ production, they will keep receiving low prices. The Coffee Paradox seeks ways out from this situation by addressing some key questions: What kinds of quality attributes are combined in a coffee cup or coffee package? Who is producing these attributes? How can part of these attributes be produced by developing country farmers? To what extent are specialty and sustainable coffees achieving these objectives?
Download or read book The Coffee Guide written by United Nations Publications and published by . This book was released on 2021-12-09 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Coffee Guide is the world's most extensive, hands-on, and neutral source of information on the international coffee trade.
Download or read book Growth Structural Transformation and Rural Change in Viet Nam written by Finn Tarp and published by Oxford University Press. This book was released on 2017 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides in-depth evaluation of the development of rural life in Viet Nam over the past decade, combining a unique primary source of time-series panel data with the best micro-econometric analytical tools available.
Download or read book Food Prices and the Multiplier Effect of Trade Policy written by Paolo Giordani and published by International Monetary Fund. This book was released on 2014-09-26 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the relationship between trade policy and food prices. We show that, when individuals are loss averse, governments may use trade policy to shield the domestic economy from large food price shocks. This creates a complementarity between the price of food in international markets and trade policy. Specifically, unilateral actions give rise to a "multiplier effect": when a shock drives up the price of food, exporters respond by imposing restrictions while importers wind down protection, thus exacerbating the initial shock and soliciting further trade policy activism. We test the key prediction of the theory with a new dataset that comprises monthly information on trade measures across 77 countries and 33 food products for the period 2008-11, finding evidence of a multiplier effect in food trade policy. These findings contribute to inform the broader debate on the proper regulation of food trade policy within the multilateral trading system.
Download or read book Cost Pass through in the U S Coffee Industry written by Ephraim Leibtag and published by . This book was released on 2007 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Asset Prices and Monetary Policy written by John Y. Campbell and published by University of Chicago Press. This book was released on 2008-11-15 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth, low inflation, and financial stability are among the most important goals of policy makers, and central banks such as the Federal Reserve are key institutions for achieving these goals. In Asset Prices and Monetary Policy, leading scholars and practitioners probe the interaction of central banks, asset markets, and the general economy to forge a new understanding of the challenges facing policy makers as they manage an increasingly complex economic system. The contributors examine how central bankers determine their policy prescriptions with reference to the fluctuating housing market, the balance of debt and credit, changing beliefs of investors, the level of commodity prices, and other factors. At a time when the public has never been more involved in stocks, retirement funds, and real estate investment, this insightful book will be useful to all those concerned with the current state of the economy.
Download or read book Coffee Co operatives and Competition written by Anna Milford and published by . This book was released on 2004 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
