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Market Integration in Mozambican Maize Markets

Author: Zerihun Gudeta Alemu

Publisher: African Books Collective

Published: 2008-12-31

Total Pages: 118

ISBN-13: 9994455265

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Maize is the staple food and principal cash crop in Mozambique. Production is dominated by small-holders who sell their surpluses to generate income. Southern Mozambique is a maize deficit region while the North is in surplus, therefore trade between these two areas has implications for food security in the country and is expected to accelerate economic development. This study attempts to measure the extent of market integration between major maize markets in Mozambique. }The study is organised into six chapters. Chapter One presents findings of the investigation into the dynamics and operation of informal maize markets in Mozambique. Chapter Two presents a brief overview of the methods used in the analysis of market integration and gives a review of international studies and studies specific to Mozambique on market integration. Chapter Three reviews agricultural policies in Mozambique and provides an overview of the maize markets in Mozambique. The methodology applied in the study in discussed in Chapter Four while Chapter Five presents a discussion of results from the econometric analysis. In conclusion, Chapter six provides a summary of the results of the market survey and on the basis of the econometric analysis forwards recommendations.

Book Synopsis Market Integration in Mozambican Maize Markets by : Zerihun Gudeta Alemu

Download or read book Market Integration in Mozambican Maize Markets written by Zerihun Gudeta Alemu and published by African Books Collective. This book was released on 2008-12-31 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: Maize is the staple food and principal cash crop in Mozambique. Production is dominated by small-holders who sell their surpluses to generate income. Southern Mozambique is a maize deficit region while the North is in surplus, therefore trade between these two areas has implications for food security in the country and is expected to accelerate economic development. This study attempts to measure the extent of market integration between major maize markets in Mozambique. }The study is organised into six chapters. Chapter One presents findings of the investigation into the dynamics and operation of informal maize markets in Mozambique. Chapter Two presents a brief overview of the methods used in the analysis of market integration and gives a review of international studies and studies specific to Mozambique on market integration. Chapter Three reviews agricultural policies in Mozambique and provides an overview of the maize markets in Mozambique. The methodology applied in the study in discussed in Chapter Four while Chapter Five presents a discussion of results from the econometric analysis. In conclusion, Chapter six provides a summary of the results of the market survey and on the basis of the econometric analysis forwards recommendations.

Maize Markets in Mozambique

Author: Channing Arndt

Publisher:

Published: 2014

Total Pages:

ISBN-13:

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The issue of market integration lies at the heart of many contemporary debates concerning market liberalization, price policy, and government agency reforms in developing country food markets, Mozambique being one of the poorest. Without spatial integration of markets, price signals will not be transmitted from deficit to surplus areas, prices will be more volatile, agricultural producers will fail to specialize according to long-term comparative advantage, and the gains from trade will not be realized. The objective of this article is to indicate the extent of market integration between major Mozambican maize markets. Recognizing the statistical dangers and inaccuracies of using measures of price correlation to test for market integration, a new methodology for testing the state of food market integration is employed in this study, namely the parity bounds model, (PBM) as developed by Baulch (1997). This method provides a more reliable procedure for testing violations of spatial arbitrage conditions than conventional methods, because it compares time series of observed price differentials with transfer costs and explicitly recognizes that spatial arbitrage conditions are represented by inequality constraints. The results point to a failure of spatial arbitrage conditions between the Maputo and Chimoio markets about 23% of the time over the period.

Book Synopsis Maize Markets in Mozambique by : Channing Arndt

Download or read book Maize Markets in Mozambique written by Channing Arndt and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The issue of market integration lies at the heart of many contemporary debates concerning market liberalization, price policy, and government agency reforms in developing country food markets, Mozambique being one of the poorest. Without spatial integration of markets, price signals will not be transmitted from deficit to surplus areas, prices will be more volatile, agricultural producers will fail to specialize according to long-term comparative advantage, and the gains from trade will not be realized. The objective of this article is to indicate the extent of market integration between major Mozambican maize markets. Recognizing the statistical dangers and inaccuracies of using measures of price correlation to test for market integration, a new methodology for testing the state of food market integration is employed in this study, namely the parity bounds model, (PBM) as developed by Baulch (1997). This method provides a more reliable procedure for testing violations of spatial arbitrage conditions than conventional methods, because it compares time series of observed price differentials with transfer costs and explicitly recognizes that spatial arbitrage conditions are represented by inequality constraints. The results point to a failure of spatial arbitrage conditions between the Maputo and Chimoio markets about 23% of the time over the period.

Measuring Integration and Efficiency in Maize Grain Markets

Author: L. Ndibongo Traub

Publisher:

Published: 2010

Total Pages: 22

ISBN-13:

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Book Synopsis Measuring Integration and Efficiency in Maize Grain Markets by : L. Ndibongo Traub

Download or read book Measuring Integration and Efficiency in Maize Grain Markets written by L. Ndibongo Traub and published by . This book was released on 2010 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Multidimensional Economic Assessment of Africa

Author: Jacob Wood

Publisher: Springer Nature

Published: 2020-05-27

Total Pages: 319

ISBN-13: 9811545103

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This book is a useful resource for government policy analysts, academics, students of higher education and business practitioners interested in African economies and the key economic issues these economies are facing in 2020. In the face of weak governance and growth globally, there is still a window of opportunity for countries in Africa to build on not only their traditional industrial capabilities, but also pave the way for positive developments in international trade and in the way governments tackle poverty and inequality. By focusing on four areas: (1) agriculture and livestock, (2) consumption, poverty and inequality, (3) financial services, employment and corporate governance, and (4) economic integration, international trade and foreign direct investment (FDI), this book presents a series of empirical studies that examine important contemporary economic issues facing Africa. The book incorporates a range of methodological approaches, with some chapters providing case study analyses while others embrace more traditional forms of econometric testing.

Book Synopsis A Multidimensional Economic Assessment of Africa by : Jacob Wood

Download or read book A Multidimensional Economic Assessment of Africa written by Jacob Wood and published by Springer Nature. This book was released on 2020-05-27 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a useful resource for government policy analysts, academics, students of higher education and business practitioners interested in African economies and the key economic issues these economies are facing in 2020. In the face of weak governance and growth globally, there is still a window of opportunity for countries in Africa to build on not only their traditional industrial capabilities, but also pave the way for positive developments in international trade and in the way governments tackle poverty and inequality. By focusing on four areas: (1) agriculture and livestock, (2) consumption, poverty and inequality, (3) financial services, employment and corporate governance, and (4) economic integration, international trade and foreign direct investment (FDI), this book presents a series of empirical studies that examine important contemporary economic issues facing Africa. The book incorporates a range of methodological approaches, with some chapters providing case study analyses while others embrace more traditional forms of econometric testing.

Structure, conduct and performance of maize markets in Malawi

Author: Ochieng, Dennis O.

Publisher: Intl Food Policy Res Inst

Published: 2019-08-21

Total Pages: 63

ISBN-13:

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Seasonal analysis of the structure, conduct, and performance (SCP) of markets for staple crops has received relatively little attention in food policy analysis yet it has important implications for food and nutrition security. This study employs a mixed methods approach to analyze the SCP of maize markets in Malawi in the 2018/19 main harvest and lean seasons. We interviewed 749 traders from 74 markets across 8 districts, held 28 focus group discussions (FGD) with a total of 480 farmers and analyzed daily and weekly price data from 13 regional markets. The structure of maize markets was explored by examining marketing channels, barriers to entry and the competitiveness of different tiers of the marketing chain. Inequality in sales revenues, switches in trader types between seasons, quality and weights standardization, and the behavior of traders were used to examine market conduct. Performance was assessed by examining traders’ costs and margins, and the spatial and temporal integration of maize markets. We find that Malawi’s maize market is pyramidal in structure and highly competitive at lower tiers of trade but ‘oligopolistic’ at higher tiers. The market channels vary across seasons with switches between trader types and instances of rural-urban trade reversals. There is considerable inequality of sales revenues among traders of similar capacities, and a widespread lack of structured trading despite existing institutions. A high ratio of marketing costs to revenue suggests marketing inefficiencies. Malawi maize prices were highly seasonal and more volatile than neighboring countries. In contrast to previous studies, our findings show weak spatial integration of markets and slow price adjustments to long-run equilibrium values even among short-distance market pairs. The study highlights five pathways to improving Malawi’s maize marketing system: (1) increased policy predictability to promote private-sector investment; (2) institutionalization of quality grades and standardization of weights and measures; (3) increased commercialization of smallholder maize production; (4) investment in enabling infrastructure; and (5) the promotion of structured trading.

Book Synopsis Structure, conduct and performance of maize markets in Malawi by : Ochieng, Dennis O.

Download or read book Structure, conduct and performance of maize markets in Malawi written by Ochieng, Dennis O. and published by Intl Food Policy Res Inst. This book was released on 2019-08-21 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seasonal analysis of the structure, conduct, and performance (SCP) of markets for staple crops has received relatively little attention in food policy analysis yet it has important implications for food and nutrition security. This study employs a mixed methods approach to analyze the SCP of maize markets in Malawi in the 2018/19 main harvest and lean seasons. We interviewed 749 traders from 74 markets across 8 districts, held 28 focus group discussions (FGD) with a total of 480 farmers and analyzed daily and weekly price data from 13 regional markets. The structure of maize markets was explored by examining marketing channels, barriers to entry and the competitiveness of different tiers of the marketing chain. Inequality in sales revenues, switches in trader types between seasons, quality and weights standardization, and the behavior of traders were used to examine market conduct. Performance was assessed by examining traders’ costs and margins, and the spatial and temporal integration of maize markets. We find that Malawi’s maize market is pyramidal in structure and highly competitive at lower tiers of trade but ‘oligopolistic’ at higher tiers. The market channels vary across seasons with switches between trader types and instances of rural-urban trade reversals. There is considerable inequality of sales revenues among traders of similar capacities, and a widespread lack of structured trading despite existing institutions. A high ratio of marketing costs to revenue suggests marketing inefficiencies. Malawi maize prices were highly seasonal and more volatile than neighboring countries. In contrast to previous studies, our findings show weak spatial integration of markets and slow price adjustments to long-run equilibrium values even among short-distance market pairs. The study highlights five pathways to improving Malawi’s maize marketing system: (1) increased policy predictability to promote private-sector investment; (2) institutionalization of quality grades and standardization of weights and measures; (3) increased commercialization of smallholder maize production; (4) investment in enabling infrastructure; and (5) the promotion of structured trading.

Spatial price integration among selected bean markets in Malawi

Author: Wezzie S. Mtumbuka

Publisher: Intl Food Policy Res Inst

Published: 2014-07-16

Total Pages: 16

ISBN-13:

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This research examines the extent of market integration among different bean markets across Malawi. Market integration is an indicator that efficiency exists within the flow of information between markets. The study focused on beans as they are a cheap source of protein affordable by the majority of rural smallholder farmers. Market price data for beans was obtained from the Ministry of Agriculture and Food Security and covered the period 1995 to 2011. The markets included in the study are Chitipa, Rumphi, Mzuzu, Lilongwe, Mitundu, Lizulu, Lunzu, Luchenza, and Bangula. Like prices of other agricultural crops, bean prices follow a general seasonal pattern, rising with increasing time since the last harvest and decreasing during the harvest period. Bean prices typically peak in December when bean supply to the market is low. The research results show that beans prices in different markets move in the same direction, meaning that the markets are co-integrated. However, price information is not fully transmitted between markets. Transaction costs were found to be higher in markets which are far away from major cities and in those markets serviced by poor roads. Based on the results, the study recommends the need to improve infrastructure and market information systems to enhance bean market efficiency in Malawi.

Book Synopsis Spatial price integration among selected bean markets in Malawi by : Wezzie S. Mtumbuka

Download or read book Spatial price integration among selected bean markets in Malawi written by Wezzie S. Mtumbuka and published by Intl Food Policy Res Inst. This book was released on 2014-07-16 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: This research examines the extent of market integration among different bean markets across Malawi. Market integration is an indicator that efficiency exists within the flow of information between markets. The study focused on beans as they are a cheap source of protein affordable by the majority of rural smallholder farmers. Market price data for beans was obtained from the Ministry of Agriculture and Food Security and covered the period 1995 to 2011. The markets included in the study are Chitipa, Rumphi, Mzuzu, Lilongwe, Mitundu, Lizulu, Lunzu, Luchenza, and Bangula. Like prices of other agricultural crops, bean prices follow a general seasonal pattern, rising with increasing time since the last harvest and decreasing during the harvest period. Bean prices typically peak in December when bean supply to the market is low. The research results show that beans prices in different markets move in the same direction, meaning that the markets are co-integrated. However, price information is not fully transmitted between markets. Transaction costs were found to be higher in markets which are far away from major cities and in those markets serviced by poor roads. Based on the results, the study recommends the need to improve infrastructure and market information systems to enhance bean market efficiency in Malawi.

Maize Price Differences and Evidence of Spatial Integration in Malawi

Author: Nyongo, Lovemore

Publisher: Intl Food Policy Res Inst

Published:

Total Pages: 9

ISBN-13:

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This study tests the long-run and short-run integration of maize markets in Malawi using the co-integration approach within the Vector Autoregressive modeling framework. The analysis is extended to Wald-F Granger Causality tests to see the direction of causality between maize markets. A total of six maize markets, two from each region, were analyzed. Three are urban markets, while two of the three rural markets are border markets. The study uses monthly maize retail prices for the period January 2000 to May 2008. Study findings show that nine out of the fifteen market pairs are integrated in the long-run, but the degree of short-run market integration is low, implying that the transmission of price information is slow.

Book Synopsis Maize Price Differences and Evidence of Spatial Integration in Malawi by : Nyongo, Lovemore

Download or read book Maize Price Differences and Evidence of Spatial Integration in Malawi written by Nyongo, Lovemore and published by Intl Food Policy Res Inst. This book was released on with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study tests the long-run and short-run integration of maize markets in Malawi using the co-integration approach within the Vector Autoregressive modeling framework. The analysis is extended to Wald-F Granger Causality tests to see the direction of causality between maize markets. A total of six maize markets, two from each region, were analyzed. Three are urban markets, while two of the three rural markets are border markets. The study uses monthly maize retail prices for the period January 2000 to May 2008. Study findings show that nine out of the fifteen market pairs are integrated in the long-run, but the degree of short-run market integration is low, implying that the transmission of price information is slow.

Effects of Monetized Food Aid on Local Maize Prices in Mozambique

Author: Cynthia Donovan

Publisher:

Published: 1996

Total Pages: 588

ISBN-13:

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Book Synopsis Effects of Monetized Food Aid on Local Maize Prices in Mozambique by : Cynthia Donovan

Download or read book Effects of Monetized Food Aid on Local Maize Prices in Mozambique written by Cynthia Donovan and published by . This book was released on 1996 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Improving Maize Marketing and Trade Policies to Promote Household Food Security in Southern Mozambique

Author: Danila Carimo Abdula

Publisher:

Published: 2005

Total Pages: 440

ISBN-13:

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Book Synopsis Improving Maize Marketing and Trade Policies to Promote Household Food Security in Southern Mozambique by : Danila Carimo Abdula

Download or read book Improving Maize Marketing and Trade Policies to Promote Household Food Security in Southern Mozambique written by Danila Carimo Abdula and published by . This book was released on 2005 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: