Food Price Volatility and Its Implications for Food Security and Policy

Kalkuhl, Matthias; Braun, Joachim von; Torero, Máximo

doi:10.1007/978-3-319-28201-5

Cited by 82 publications

(12 citation statements)

References 144 publications

(220 reference statements)

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“…The price is linked to food security; this could be explained by the fact that there are factors in a close relationship between food security and price, such as supply and real income [24]. Mathematically, it has been justified that a volatile price of food menaces the food security status [25].…”

Section: Introductionmentioning

confidence: 99%

Exploring the Link between Food Security and Food Price Dynamics: A Bibliometric Analysis

2021

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An evaluation of research studies is considered an important task to make future adjustments for securing and adjusting policies. This article presents the results of a study that explored the research that has been published with food security, price volatility, and price transmission as keywords. The study involved a bibliometric evaluation of statistical outcomes from 899 scientific publications from 1979 to June 2020 related to the subject, registered in the Web of Science database. The collected articles were used to measure bibliometric indicators and evaluate the research work on food security and agricultural products' price movement. An analysis of the development and the identification of the related topics of greatest interest on this subject was also carried out. The analysis results found that a rising number of studies have been registered over the years, emphasizing the following keywords: food security, climate change, agriculture, health, nutrition, consumption, and income. The analysis proves that the shift in scientific research trends associated with food security analysis is linked with health and food nutrition status. Furthermore, the word "impact" was significantly present in the analyzed papers, which reveals that econometric analysis should address the relationship between price movement and nutrient intake to achieve nutritional security.

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Section: Introductionmentioning

confidence: 99%

Exploring the Link between Food Security and Food Price Dynamics: A Bibliometric Analysis

2021

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“…The effect due to other factors like weather, financial growth, price of raw materials could be explored. As discussed in Kalkuhl, Braun, and Torero (2016), the effects due to other factors like trade policy, geographical, economic, political factors, consumption and cultivation patterns, weather effects, etc. could be studied to understand the impact on GOI.…”

Section: Resultsmentioning

confidence: 99%

Analysing volatility spillovers between grain and freight markets

et al. 2020

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The International Grain Council (IGC) circulates two price indices which are the Grain and Oilseeds Index (GOI) and the Grain and Oilseeds Freight Market Index (GOFI). These two indices indicate the respective market prices. The GOI markets are affected by various factors like supply and demand, weather, freight markets, etc. This research article attempts to explore and analyse volatility in GOI and GOFI markets using various GARCH family models, that is Exponential Generalized Autoregressive Conditional Heteroskedasticity (EGARCH) analysis. The multivariate Dynamic Conditional Correlation Generalized Autoregressive Conditional Heteroskedasticity model (DCC GARCH) is used to find the spillovers between the two markets and thereby explore the effect of GOFI on GOI markets from the year 2013. The research article consists of four sections after introducing the subject namely a literature review, research methodology and models, analysis and conclusions of the study.

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“…Despite the surge in agricultural production between 1995 and 2016, the indices of food price and malnutrition have been increasing sharply in the world (FAO, 2022), such that the Food Price Index (FPI) reached 135.7 units in November 2022 (FAO, 2022). The unexpected global ascent of foodstuff prices derives from various causes, such as market failure (Timmer, 2017), climate change (Kalkuhl et al, 2016), political instability (Minot, 2014), the presence of poor financial institutions (Bora et al, 2011), and emerging challenges, like Covid-19 (Devereux et al, 2020;Rad et al, 2021). Of course, sanctions are also among the reasons for unexpected (sudden) changes in prices in Iran (Hejazi and Emamgholipour, 2022).…”

Section: Introductionmentioning

confidence: 99%

Determining vulnerable households and food groups sensitive to price and income increase from the perspective of food security: Evidence from Iran

Banaie

Mojaverian

Mirzaei

2023

Front. Sustain. Food Syst.

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Concerns about household food security of developing countries has been greatly intensified with rising food prices derives from various causes, such as market failure, climate change, political instability, the presence of poor financial institutions, and emerging challenges. It is very important, the development and evaluation of required policy responses such as income compensation policy to cope with foodstuff price increases. It is necessary to pay attention to different household groups regarding income, occupation, and urban/rural conditions in order to evaluate the effects of shocks and policies according to the different responses of households. This paper employes a multimarket equilibrium simulation model and evaluates the effect of price hikes with/without households' nominal income compensation policy on the calorie intake of different household groups. To this end, Iranian households that have suffered from severe food inflation and their nominal income compensation policy has always been the focus of government officials were investigated. First, we noticed that poor rural households with government occupations bear the brunt of ensuing the price hike of foodstuffs. Second, we found that households food security is highly reliant on the price of livestock products compared to other foodstuffs. Finally, we concluded that income compensation policy plays the role of a threat to food security for some households and a driver for others. Therefore, based on the different responses of households to foodstuff price and income increase, we recommended the design of more precise interventions in the market of foodstuff in a more targeted and efficient manner.

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Food Price Volatility and Its Implications for Food Security and Policy

Cited by 82 publications

References 144 publications

Exploring the Link between Food Security and Food Price Dynamics: A Bibliometric Analysis

Exploring the Link between Food Security and Food Price Dynamics: A Bibliometric Analysis

Analysing volatility spillovers between grain and freight markets

Determining vulnerable households and food groups sensitive to price and income increase from the perspective of food security: Evidence from Iran

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