Analysis and Implementation of Measures to Reduce Price Volatility in National and International Markets for Improved Food Security in Developing Countries

Keywords

Food price volatility, speculation, risk management, inventories, price transmission

Countries

World (in particular grain producing countries) and selected developing countries (Bangladesh, Ethiopia, Ghana, India and Indonesia) as well as China

Summary

The overall objectives of the project are the investigation of the drivers and causes of price volatility, the transmission to regional, national and micro-level, and the impact on poor people (farmers and consumers). In particular, regulatory instruments such as public reserves, policies targeting on trade or private storage, and safety nets and other coping mechanisms are explored. Another main goal is the development of an early warning system for food insecurity based on research outcomes.

Methodology

Short-term statistical modeling and early-warning systems; Econometric analysis and field research; Partial equilibrium modeling

Main Cooperation Partners

  • Prof. Dr. Heckelei and co-workers (Institute for Food and Resource Economics, University of Bonn)
  • Dr. Torero and co-workers (IFPRI)
  • Prof. Dr. Schlag (House of Finance, Goethe University Frankfurt)
  • Dr. Ali, Ethopian Economic Association
  • Prof. Dr. Felix Asante, ISSER (Institute of Statistical, Social and Economic Research), University of Ghana, Accra, Ghana
  • ICRIER (Indian Council for Research on International Economic Relations), New Delhi, India
  • Prof. Dr. Matthias Kalkuhl, MCC (Mercator Research Institute on Global Commons and Climate Change, Berlin)
  • Welthungerhilfe Kenia, Nairobi, Kenia
  • BSERT (Bureau of Socioeconomic Research and Training) Bangladesh Agricultural University, Bangladesh

Main Funding Partners

  • BMZ (Federal Ministry for Economic Cooperation and Development): Phase 1 & 2
  • Union Investment: Phase 1
  • Bayer Crop Science: Phase 1

Duration of the Project

Aug 2011 – Dec 2014: Volatility in Commodity Markets, Trade Policy and the Poor (Phase 1)

April 2015 – Dec 2020: Analysis and Implementation of Measures to Reduce Price Volatility in National and International Markets for Improved Food Security in Developing Countries (Phase 2)

 

Project Homepage
https://www.zef.de/volatility.html
Team

Contact

Dr. Lukas Kornher

Phone.:
+49-228-73-6188