Publication: What Drives Local Food Prices? Evidence from the Tanzanian Maize Market
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Date
2019-02
ISSN
1564-698X
Published
2019-02
Author(s)
Mitchell, Donald
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Abstract
We examine the drivers of monthly changes in maize prices across 18 Tanzanian markets. Local prices respond three to four times faster to the main regional market (Nairobi) than to the international benchmark (US Gulf). More importantly, shocks from Nairobi account for only one third of the explained variation in domestic prices; the remaining two-thirds is accounted for by domestic influences (including harvest cycles, weather shocks, and trade policies). Further, we show that remoteness and the local agroecology systematically influence the behavior of food prices.
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“Baffes, John; Mitchell, Donald. 2019. What Drives Local Food Prices? Evidence from the Tanzanian Maize Market. World Bank Economic Review. © World Bank. http://hdl.handle.net/10986/34293 License: CC BY-NC-ND 3.0 IGO.”
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World Bank Economic Review
1564-698X
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