Rising cereal prices in Ethiopia: An assessment and possible contributing factors

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dc.creatorMinten, Bart
dc.creatorDorosh, Paul A.
dc.date2019-09-25
dc.date2024-06-21T09:04:54Z
dc.date2024-06-21T09:04:54Z
dc.date.accessioned2026-06-27T15:39:42Z
dc.descriptionNominal cereal prices in Ethiopia in July 2019 were significantly higher than the year before – maize prices had risen by 32 percent; sorghum by 39 percent; teff by 35 percent; and wheat by 2 percent. Moreover, there is anecdotal evidence that nominal cereal prices have increased rapidly since. A number of factors help explain this pattern: Overall inflation has been high both for food and non-food items. This general high inflation is linked to macro factors related to broad money and credit growth; overall changes in prices for inputs, labor, and transport have important impacts on production costs for agricultural products, thereby putting upward pressure on prices. However, controlling for inflation, real prices are close to average real prices over the last ten years, indicating little change in supply relative to demand; seasonality is important in Ethiopian cereal markets, with mostly higher prices in August and September, just before the new Meher harvest comes in. The current (September 2019) high prices for food are partly a seasonal phenomenon; there are no signs of increased real marketing costs. Nonetheless, given their importance for food security, close monitoring and assessments of the functioning of Ethiopia’s food markets remains necessary.
dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/145700
dc.identifier.urihttp://hdl.handle.net/123456789/110931
dc.languageen
dc.publisherInternational Food Policy Research Institute
dc.publisherEthiopian Development Research Institute
dc.rightsOpen Access
dc.sourceMinten, Bart and Dorosh, Paul A. 2019. Rising cereal prices in Ethiopia: An assessment and possible contributing factors. ESSP II Research Note 73. Washington, DC and Addis Ababa, Ethiopia: International Food Policy Research Institute (IFPRI) and Ethiopian Development Research Institute (EDRI). https://hdl.handle.net/10568/145700
dc.subjectcereals
dc.subjectmarkets
dc.subjectfood prices
dc.subjectprices
dc.titleRising cereal prices in Ethiopia: An assessment and possible contributing factors
dc.typeBrief

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)