Impacts of COVID‐19 and Price Transmission in U.S. Meat Markets

Ramsey, A. Ford; Goodwin, Barry K.; Hahn, William F.; Holt, Matthew T.

doi:10.1111/agec.12628

Cited by 61 publications

(43 citation statements)

References 84 publications

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“…We argue that producer prices in many developing countries like India are likely to decline due to supply chain disruptions caused by the COVID-19 pandemic and the lack of storable infrastructure for perishable commodities. On the other hand, consumer prices are likely to increase due to hoarding of storable commodities influenced by consumers’ psychological factors of panic buying [ 6 – 9 ] and the rent-seeking behavior of processors or wholesalers [ 10 ]. Since addressing all of these above questions is challenging, the present study investigates only the impact of COVID-19 induced lockdown on the prices of three essential food items (wheat flour, rice, and onions) of Indian households.…”

Section: Introductionmentioning

confidence: 99%

Impacts of the COVID-19 pandemic on food prices: Evidence from storable and perishable commodities in India

2022

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The supply chain disruptions caused by the COVID-19 outbreak have led to changes in food prices globally. The impact of COVID-19 on the price of essential and perishable food items in developing and emerging economies has been lacking. Using a recent phone survey by the World Bank, this study examines the impact of the COVID-19 pandemic on the prices of the three essential food items in India. The results indicate that price of basic food items such as atta (wheat flour) and rice increased significantly during the pandemic compared to the pre-pandemic period. In contrast, during the same period, the price of onions declined significantly. The findings may suggest panic-buying, hoarding, and storability of food items. The results further reveal that remittance income and cash transfers from the government negatively affected commodity prices. Thus, this study’s findings suggest that families may have shifted the demand away from essential foods during the pandemic.

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Section: Introductionmentioning

confidence: 99%

Impacts of the COVID-19 pandemic on food prices: Evidence from storable and perishable commodities in India

2022

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“…The pandemic also had a significant impact on oversight and surveillance of food safety risks [65,66]. While food itself is unlikely to be a source of coronavirus infection, the pandemic altered how public agencies inspect food and facilities, temporarily halting inspections of many facilities.…”

Section: Food Safety Oversightmentioning

confidence: 99%

SARS-CoV-2 Pandemic and Food Safety Oversight: Implications in Canada and Coping Strategies

Charlebois

Music

2021

Foods

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The SARS-CoV-2 pandemic has created enormous societal disruptions in the Western world, including Canada, with serious implications for food safety. Since the start of the pandemic, many scholars have investigated the issue of food safety through different lenses. In this review, two research thrusts were identified, the epidemiology of the virus and food safety oversight. Both were challenged by the pandemic in Canada and elsewhere. In this paper, we first present how Canada experienced the pandemic. We then present how epidemiology and food safety oversight were affected by the virus and how the spread exposed gaps in Canada’s food safety system. We explain how Canada was not adequately prepared to face the food safety challenges posed by SARS-CoV-2. The review ends with an explanation on how risk perceptions will be altered by the pandemic in Canada and how food safety systems will adjust to better anticipate systemic risks in the future.

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“…Although food price transmissions tend to be analyzed using time series data analysis such as error correction model (Meyer and Cramon-Taubadel, 2004, Greb et al , 2013) and autoregressive model (Ramsey et al ., 2021), these models overlook the possibility of spatial dependency across regions. This may be a critical limitation when we examine the impact of the COVID-19 blockade regulations which are very likely to have a spillover effect on the areas around the blockade area.…”

Section: Introductionmentioning

confidence: 99%

Which food prices were more vulnerable to the COVID-19 blockade regulations in China? Comparison between perishable and storable vegetables

Wang

Shimokawa

2022

JADEE

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PurposeThis paper aims to investigate how differently the COVID-19 blockade regulations influence the prices of perishable and storable foods. The authors focus on the cases of the 2020 blockade at Hubei province and the 2021 blockade at Shijiazhuang city in China, and the authors examine how the blockade influenced the prices of Chinese cabbages (perishable) and potatoes (storable) within and around the blockade area.Design/methodology/approachThe paper employs the fixed effects model, the panel VAR (PVAR) model, and the spatial dynamic panel (SPD) model to estimate the impacts of the blockade on the food prices. It constructs the unique data set of 3-day average prices of Chinese cabbages and potatoes at main wholesale markets in China during the two urban blockade periods from January 1 to April 8 in 2020 and from January 1 to March 1 in 2021.FindingsThe results from the SPD models indicate that the price of Chinese cabbages was more vulnerable and increased by 7.1–9.8% due to the two blockades while the price of potatoes increased by 1.2–6.1%. The blockades also significantly influenced the prices in the areas adjacent to the blockade area. The SPD results demonstrate that the impacts of the blockades would be overestimated if the spatial dependence is not controlled for in the fixed effects model and the PVAR model.Research limitations/implicationsBecause the research focuses on the cases in China, the results may lack generalizability. Further research for other countries is encouraged.Originality/valueThis paper demonstrates the importance of considering food types and spatial dependence in examining the impact of the COVID-19 blockades on food prices.

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Impacts of COVID‐19 and Price Transmission in U.S. Meat Markets

Cited by 61 publications

References 84 publications

Impacts of the COVID-19 pandemic on food prices: Evidence from storable and perishable commodities in India

Impacts of the COVID-19 pandemic on food prices: Evidence from storable and perishable commodities in India

SARS-CoV-2 Pandemic and Food Safety Oversight: Implications in Canada and Coping Strategies

Which food prices were more vulnerable to the COVID-19 blockade regulations in China? Comparison between perishable and storable vegetables

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