Existing literature on the 2007/8 food price crisis focuses on the causes and poverty and hunger consequences of the crisis and seems to be less concerned with the interactions of different policy measures applied by governments. As such, the relative effectiveness, interactions and costs of...

This study analyzes the domestic price effects of export controls for all 3 KRU countries during the global commodity price peaks. We develop two indicators to measure the strength of the export controls’ price damping and price insulating effect within a non-linear long-run price transmission...

The aim of this paper is to assess the causal impact of trade policy distortions on food security. This is an hot issue since restrictions to agricultural trade have been generally applied by national governments, especially in developing countries, as a tool to insulate domestic markets from...

In the last two decades the Italian food retail landscape has changed considerably also thanks to the LD 114/1998 and subsequent trade liberalization laws. In this study, we investigate the impact of LD 114/1998 on the structure of the Italian food retailing industry and on the food and beverage...

This article estimates global supply response for key agricultural commodities. The findings reveal that, while higher output prices are incentives to improve global crop supply, output price volatility plays otherwise. Depending on respective crop, the results indicate that own price supply...

Food commodity price fluctuations have an important impact on poverty and food insecurity across the world. Conventional models have not provided a complete picture of recent price spikes in agricultural commodity markets, while there is an urgent need for appropriate policy responses. Perhaps...

As a result of some important changes in the international wheat market, market shares of leading exporters have recently altered. The Black Sea region countries – Kazakhstan, Russia and Ukraine have become important wheat exporters. Consequently, the pricing behavior of these countries has...

International milk market is created by 7% of world production volume. Volatile world milk prices in recent 6 years caused different forms of its transmission to national levels. In the paper this phenomena is investigated on two levels. First, on macro level how world milk price affects...

A simple but new theoretical approach is used to analyse ex-ante the impact of tariff reduction. This methodology is based on the assumption of a constant price relation between each direct substitutable product. No elasticities are needed, but accurate import and domestic prices of the most...

The CAP Health Check in 2008 may result in fundamental changes in EU dairy policy. An expansion of the EU dairy quota is being strongly considered as a prelude to the elimination of the quota mechanism by 2014/15. This paper addresses the implications of such a reform for EU and Irish dairy...