The Effect of the National Food Reserve Agency on Maize Market Prices in Tanzania

Guillaume Pierre, K. Pauw, Emiliano Magrini
{"title":"The Effect of the National Food Reserve Agency on Maize Market Prices in Tanzania","authors":"Guillaume Pierre, K. Pauw, Emiliano Magrini","doi":"10.1111/rode.12374","DOIUrl":null,"url":null,"abstract":"Tanzania's National Food Reserve Agency has a mandate to ensure food security through procuring, reserving and recycling grain (primarily maize) in a cost†effective manner. This mandate excludes a price stabilization role. Procurement prices, based on production costs, are often set above market prices to encourage production. Several disbursements channels exist: grain provided free or at a discount to targeted vulnerable households; subsidized sales to millers; and sales to prisons or nongovernmental aid programs, typically at market†related prices. Given the perception that these activities are distortive, we use time†series econometrics to model maize price dynamics in select wholesale markets to capture the Agency's market impact. We find that its pricing strategy had an insignificant impact on prices during 2010/11–2014/15 despite a fairly significant presence in at least some regional markets. We recommend that the Agency reconsiders offering a price premium on procured maize or selling maize at discount to millers, as limited market spill†over effects imply the benefits are captured by only a few, even though its practice of providing subsidized or free maize to vulnerable people is not in question. Furthermore, current storage capacity expansion plans are not required and inconsistent with its food security mandate.","PeriodicalId":330590,"journal":{"name":"ERN: Procurement (Topic)","volume":"47 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2018-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"4","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"ERN: Procurement (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1111/rode.12374","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 4

Abstract

Tanzania's National Food Reserve Agency has a mandate to ensure food security through procuring, reserving and recycling grain (primarily maize) in a cost†effective manner. This mandate excludes a price stabilization role. Procurement prices, based on production costs, are often set above market prices to encourage production. Several disbursements channels exist: grain provided free or at a discount to targeted vulnerable households; subsidized sales to millers; and sales to prisons or nongovernmental aid programs, typically at market†related prices. Given the perception that these activities are distortive, we use time†series econometrics to model maize price dynamics in select wholesale markets to capture the Agency's market impact. We find that its pricing strategy had an insignificant impact on prices during 2010/11–2014/15 despite a fairly significant presence in at least some regional markets. We recommend that the Agency reconsiders offering a price premium on procured maize or selling maize at discount to millers, as limited market spill†over effects imply the benefits are captured by only a few, even though its practice of providing subsidized or free maize to vulnerable people is not in question. Furthermore, current storage capacity expansion plans are not required and inconsistent with its food security mandate.
国家粮食储备局对坦桑尼亚玉米市场价格的影响
坦桑尼亚国家粮食储备局的任务是以成本效益高的方式采购、储存和回收粮食(主要是玉米),确保粮食安全。这一任务不包括稳定价格的作用。以生产成本为基础的采购价格往往高于市场价格,以鼓励生产。有几种支付渠道:向目标脆弱家庭免费或折价提供粮食;向磨坊主提供销售补贴;以及向监狱或非政府援助项目的销售,通常以与市场价格相关的价格出售。鉴于人们认为这些活动具有扭曲性,我们使用时间序列计量经济学对选定批发市场的玉米价格动态进行建模,以捕捉该机构的市场影响。我们发现其定价策略在2010/11 / - 2014/15期间对价格的影响不显著,尽管至少在一些区域市场中存在相当大的影响。我们建议粮农组织重新考虑为采购的玉米提供溢价或以折让的价格出售玉米给磨坊主,因为有限的市场溢出效应意味着只有少数人受益,尽管其向弱势群体提供补贴或免费玉米的做法是没有问题的。此外,目前的储存容量扩大计划是不需要的,也不符合其粮食安全任务。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
自引率
0.00%
发文量
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信