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Food Price Policy in an Era of Market InstabilityA Political Economy Analysis$

Per Pinstrup-Andersen

Print publication date: 2014

Print ISBN-13: 9780198718574

Published to Oxford Scholarship Online: January 2015

DOI: 10.1093/acprof:oso/9780198718574.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 17 October 2019

(p.xvii) List of Figures

(p.xvii) List of Figures

Source:
Food Price Policy in an Era of Market Instability
Publisher:
Oxford University Press

  1. 2.1 Maize prices in Brazil and South Africa 32

  2. 2.2 Rice prices in Brazil 33

  3. 2.3 Wheat prices in Brazil and South Africa 34

  4. 2.4 Rice prices in China, India, and Vietnam 35

  5. 2.5 Wheat prices in India 36

  6. 2.6 Rice prices in Bangladesh and Senegal 37

  7. 2.7 Wheat prices in Egypt 39

  8. 2.8 Maize prices in Kenya and Mozambique 40

  9. 2.9 Maize prices in Ethiopia and Nigeria 42

  10. 2.10 Maize, wheat, and teff prices in Ethiopia 43

  11. 2.11 Maize prices in Malawi and Zambia 45

  12. 4.1 The stages of the policy process 79

  13. 4.2 A stylized framework of policy process in developing countries 83

  14. 6.1 Inflation and time line of incidences 134

  15. 6.2 More recent trends in inflation 137

  16. 6.3 Domestic and world price of wheat and maize 139

  17. 7.1 Trends in nominal maize prices, 2001–11 159

  18. 7.2 Price band and average maize prices, 2000–10 162

  19. 8.1 Zambia’s exchange rates and inflation rate, 2001–11 183

  20. 8.2 Nominal price trends 2001–11: Lusaka maize grain, breakfast meal, roller meal, and FOB US maize gulf prices, in ZMK 187

  21. 8.3 Lusaka nominal retail maize grain prices, US Gulf FOB white maize grain prices and Zambia general inflation rate 188

  22. 9.1 Monthly trends in food prices, 2007–11 (January 2007=100) 204

  23. 9.2 Maize price trends, Kenya 204

  24. 9.3 Percentage changes in food price indices, Kenya 205

  25. 10.1 Wheat imports and consumption, 1996–2006 217

  26. (p.xviii) 10.2 Rice price trends, 2002–9 218

  27. 10.3 Wheat price trends, 2002–9 219

  28. 10.4 Trend of growth of the economy in Mozambique 222

  29. 11.1 World price and domestic retail price of rice during 2001–9 233

  30. 11.2 Wholesale and retail prices of wheat flour during 2001–9 234

  31. 12.1 Food inflation in domestic and international markets 257

  32. 12.2 Increase in Egypt’s food import prices (percentage change, over the period July 2006–June 2008) 258

  33. 12.3 Food subsidies in Egypt during the period 2005/6–2011/12 259

  34. 13.1 International wheat price transmission in Nigeria 277

  35. 13.2 International rice price transmission in Nigeria 279

  36. 13.3 International maize price transmission in Nigeria 279

  37. 13.4 Production trend of food staples in Nigeria, 2005–9 280

  38. 14.1 Timeline of events, 2007 302

  39. 14.2 Timeline of events, 2008 302

  40. 15.1 The policy-making process in Vietnam 323

  41. 15.2 Rice exports, 1989–2010 326

  42. 15.3 Price trends: paddy and milled rice, 2008 and 2009 327

  43. 15.4 Local rice prices (nominal Vietnamese dollar) per kilo, 2005–9 328

  44. 15.5 Free on board rice prices: pass-through relative to the world market prices 329

  45. 15.6 Timing of policy interventions 334

  46. 15.7 Rice price policies, 2001–11 334

  47. 16.1 Percentage change in wholesale price index of food articles and manufactured food products 343

  48. 16.2 Contribution of various commodities in total food inflation 344

  49. 16.3 Trends in wholesale price index of rice 345

  50. 16.4 International and domestic price movements of rice 346

  51. 16.5 Percentage change in monthly wholesale price index of wheat 347

  52. 16.6 Percentage change in monthly wholesale price index of maize 347

  53. 16.7 Composition of public expenditure in agriculture: 1993–4 to 2009–10 351

  54. 16.8 Procurement of rice and wheat for the central pool 353

  55. 16.9 Stocks of rice and wheat with the central pool (up to October 2012) 354

  56. (p.xix) 17.1 Rice, wheat, maize, and soybean prices in China and the international markets (at border), 2000–10 365

  57. 17.2 Number of reports on food price issues per month in the four selected newspapers during 2007–8 373

  58. 17.3 Graphical analysis of international and domestic monthly prices of rice, wheat, and maize, January 2005–December 2010 379

  59. 18.1 Total inflation and food inflation, 2007–11 391

  60. 18.2 Consumer price increase for selected food items 392

  61. 18.3 Prices received by farmers in Brazil vs. world market prices 393

  62. 18.4 Price of basic staples for a typical family 394

  63. 18.5 Timeline of the food crisis in Brazil 397

  64. 18.6 Price increase incidence curve: net effect, Brazil 400

  65. 18.7 Price increase incidence curve: net effect, rural areas 400

  66. 18.8 Price increase incidence curve: net effect, urban areas 401

  67. 18.9 Poverty and inequality in Brazil, 1990–2009 402

  68. 19.1 Opening stocks for maize and wheat 411

  69. 19.2 The exchange rate of the South African Rand against US$, January 2000–December 2010 412

  70. 19.3 A timeline showing price peaks and policy responses between 2000 and 2011 416

  71. 19.4 Newspaper articles on food prices in South Africa, January 2000–December 2010 427

  72. 20.1 Oil, ethanol, and corn prices, January 2004–September 2006 440

  73. 20.2(a) Corn prices catching up to ethanol production capacity 441

  74. 20.2(b) Ethanol prices leading ethanol production capacity 441

  75. 20.3 US corn and ethanol prices 442

  76. 20.4 Corn and wheat price developments 443

  77. 20.5 Wheat and rice price development 444

  78. 20.6 Rice and corn price development 445

  79. 21.1 Evolution of EU 27 and global price indices (2005=100; real prices) 459

  80. 21.2 Coefficient of variation for global and EU food prices 460

  81. 21.3 Evolution of the ratio of cereal over fertilizer prices and the ratio of milk over animal feed prices in the EU27 460

  82. (p.xx) 21.4 Evolution of real gross domestic product (GDP) and unemployment in the EU27 462

  83. 21.5 Evolution of social expenditures in the EU27 463

  84. 21.6 International food aid by the EU 465

  85. 21.7 Agricultural support in the EU 467

  86. 21.8 Index of real farm income per annual working unit 470