Author(s)
World BankKeywords
OUTPUTPRICE MOVEMENTS
DEVELOPING ECONOMIES
PRICE POLICY
COMPETITIVE MARKET
MARKET DEVELOPMENTS
WHEAT
INTERNATIONAL BANK
LOGISTICAL SUPPORT
SURPLUS
FOOD POLICY
INTERNATIONAL MARKETS
RISK AVERSION
MARKET CONDITIONS
POLITICAL STABILITY
INCOMES
INTERNATIONAL MARKET
GROSS DOMESTIC PRODUCT
PRIVATE INVESTMENT
MARKET INFORMATION
BANKING SYSTEMS
HOUSEHOLD INCOME
PUBLIC STOCK
AGRICULTURAL GROWTH
PROTEINS
FOOD PRICE INFLATION
CEREALS
PRICE INCENTIVES
DEVELOPING COUNTRY
GOVERNMENT SUBSIDY
PADDY
DEVELOPING COUNTRIES
WORLD TRADE
FOOD TRANSFERS
FOOD SUBSIDY
MARKET PRICE
COMMODITY PRICE
SUPPLY SHOCKS
FOOD SUPPLY
MAIZE
OPPORTUNITY COSTS
DOMESTIC PRICES
SECURITY RISKS
CA
RATES OF RETURN
SAFETY NETS
COMMODITY
SUPPLY CHAINS
COCOA
AGRICULTURAL POLICIES
GOVERNMENT INTERVENTION
RESERVE
MARKET PLAYERS
STOCK MANAGEMENT
HOLDING
MARKET FAILURES
RECURRENT EXPENDITURE
AGRICULTURE
COST OF CAPITAL
NATURAL RESOURCES
FOOD NEEDS
FOOD SUBSIDY PROGRAMS
COMMODITY PRICES
MONOPOLY
CASH PAYMENTS
DEFAULTS
WHOLESALE PRICE
INCOME GROWTH
INCOME SHOCKS
TRANSPARENCY
FOOD SECURITY
FOOD CROPS
FOOD MARKETS
INCENTIVE STRUCTURE
FOOD DEMAND
FOOD POLICY RESEARCH
MARKET PRICES
INTEREST RATES
PRICE STABILIZATION
WAREHOUSES
CHEESE
CONSUMER PRICE
MILLS
PRICE FLOOR
VITAMINS
GRAIN RESERVES
GRAINS
AGRICULTURAL POLICY
ACCOUNTING
POVERTY ALLEVIATION
CRITICAL NEEDS
PROFIT MARGINS
COMMODITIES
RUBBER
FOOD PRICES
FOOD PREFERENCES
INSURANCE
PURCHASING
ECONOMIC DOWNTURNS
HOUSEHOLD INCOMES
FORWARD MARKETS
INSTRUMENT
MARKET DISTORTIONS
MARKET TREND
DIVIDENDS
PRICE INFLATION
INPUT PRICES
RURAL INFRASTRUCTURE
COUNTRY TO COUNTRY
STRUCTURAL PROBLEM
PRICE FLUCTUATIONS
PRICE VARIATIONS
RICE MARKETING
SAVINGS
CASH TRANSACTIONS
FOOD PRICE
SALE
INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE
EXPENDITURES
ELECTRONIC CASH
BAGGING
BENEFICIARIES
CONSUMER PRICE INDEX
EXPORTERS
WORLD MARKET
CENTRAL BANKS
FOOD IMPORTS
INVENTORIES
FOOD DISTRIBUTION
DOMESTIC MARKET
WORLD MARKETS
FOOD FORTIFICATION
COLLECTIVE ACTION
CURRENCY
IFPRI
BASIC NEEDS
LONG-TERM INVESTMENTS
FOOD AID
REGIONAL TRADE
FOOD AID PROGRAMS
LOCAL ECONOMIES
REMOTE AREAS
SAFETY NET
EXCHANGE RATE
JOB CREATION
SOCIAL COSTS
PRICE INSTABILITY
STABILIZATION POLICIES
ENERGY PRICES
PRICE CEILING
PURCHASING POWER
INVESTING
FOOD SAFETY
COLLECTIVE ACTION PROBLEM
WORLD FOOD PROGRAMME
FOOD STAPLES
CASH TRANSFER
ARBITRAGE
COLLECTIVE ACTION PROBLEMS
PRICE STABILITY
COMPETITIVENESS
PRICE LEVELS
PRODUCER PRICES
ECONOMIC CRISES
INFORMATION SYSTEM
MARKET LEVELS
PRICE BANDS
PUBLIC INVESTMENT
EXPENDITURE
SUPPLY CHAIN
COMPETITIVE ADVANTAGE
MARKET TRENDS
DEFICITS
INTERNATIONAL TRADE
PUBLIC POLICY
REGIONAL INTEGRATION
TREASURY
LOAN
INCOME
FOODGRAINS
CONSUMER PRICES
SELLING PRICES
SURPLUSES
FOOD INSECURITY
EXPORTER
MARKET LEVEL
INVENTORY
CASH TRANSFERS
CONSUMER EXPENDITURES
AGRICULTURAL PRODUCTION
FOOD RESERVES
PRICE BAND
FOOD SHORTAGES
FINANCIAL SERVICES
AGRICULTURAL COMMODITY
BUTTER
PUBLIC INVESTMENTS
PRICE VOLATILITY
FINANCIAL SUPPORT
DOMESTIC MARKETS
GRAIN PRODUCTION
AGRICULTURAL COMMODITIES
WFP
PUBLIC BUDGETS
RETURN
MARKETING
PUBLIC STOCKS
SALES
MEAL
OUTPUTS
PUBLIC SPENDING
STOCKS
Full record
Show full item recordOnline Access
http://hdl.handle.net/10986/11878Abstract
The recurrent global food price spikes
 in 2008 and 2010 rekindled interest in the use of national
 food grain stockpiles ('stocks') to enhance food
 security. They were a commonly used instrument in government
 responses to these food prices spikes. They were also widely
 considered as a useful tool after the 1974 food crisis and
 its associated food price volatility and supply disruptions.
 Large stocks became a reality at the global level in the
 1980s and 1990s as a side-product of farm income support
 policies in the developed countries. However, large
 'buffer' or 'intervention' stocks, as
 the grain accumulations in developed countries came to be
 called, eventually proved to be very costly forms of
 producer income support and were drawn down for fiscal and
 other reasons starting in the late 1990s. This report,
 prepared for government and development partner
 practitioners, revisits the issues and evidence concerning
 grain stocks. It starts with an open mind concerning stocks
 as policy tools and specifically seeks to avoid the
 polarization of views that grew up around the topic in the
 1980s and 1990s. It takes the form of an evidence-based
 review of developing country experience. Historically, grain
 stocks have been used for two main purposes. First, to
 stabilize domestic prices and second, to provide readily
 available emergency food and safety net reserves targeted at
 the most vulnerable. The assessment of actual experience of
 using grain stocks for these two purposes is summarized as
 follows. Using grain stocks to stabilize domestic prices has
 generally not been an effective instrument to improve food
 security outcomes. Developed countries no longer use stocks
 to stabilize domestic prices due to the unpredictability and
 often unsustainably high budget costs. In Africa and Asia,
 where price stabilization programs are still frequently
 pursued, high fiscal costs are crowding out needed public
 investment in agricultural productivity and rural
 infrastructure. The often unpredictable grain purchases and
 releases of stabilization programs are discouraging private
 investment in both grain production and storage, which are
 the key to lowering both the level and volatility of food prices.Date
2012-12-04Type
Economic & Sector Work :: Commodities StudyIdentifier
oai:openknowledge.worldbank.org:10986/11878http://hdl.handle.net/10986/11878
Copyright/License
CC BY 3.0 IGOCollections
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