Using Public Food Grain Stocks to Enhance Food Security

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dc.creatorWorld Bank
dc.date2012-12-04T17:20:21Z
dc.date2012-12-04T17:20:21Z
dc.date2012-09
dc.date.accessioned2026-07-01T00:52:04Z
dc.descriptionThe recurrent global food price spikes in 2008 and 2010 rekindled interest in the use of national food grain stockpiles ('stocks') to enhance food security. They were a commonly used instrument in government responses to these food prices spikes. They were also widely considered as a useful tool after the 1974 food crisis and its associated food price volatility and supply disruptions. Large stocks became a reality at the global level in the 1980s and 1990s as a side-product of farm income support policies in the developed countries. However, large 'buffer' or 'intervention' stocks, as the grain accumulations in developed countries came to be called, eventually proved to be very costly forms of producer income support and were drawn down for fiscal and other reasons starting in the late 1990s. This report, prepared for government and development partner practitioners, revisits the issues and evidence concerning grain stocks. It starts with an open mind concerning stocks as policy tools and specifically seeks to avoid the polarization of views that grew up around the topic in the 1980s and 1990s. It takes the form of an evidence-based review of developing country experience. Historically, grain stocks have been used for two main purposes. First, to stabilize domestic prices and second, to provide readily available emergency food and safety net reserves targeted at the most vulnerable. The assessment of actual experience of using grain stocks for these two purposes is summarized as follows. Using grain stocks to stabilize domestic prices has generally not been an effective instrument to improve food security outcomes. Developed countries no longer use stocks to stabilize domestic prices due to the unpredictability and often unsustainably high budget costs. In Africa and Asia, where price stabilization programs are still frequently pursued, high fiscal costs are crowding out needed public investment in agricultural productivity and rural infrastructure. The often unpredictable grain purchases and releases of stabilization programs are discouraging private investment in both grain production and storage, which are the key to lowering both the level and volatility of food prices.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2012/09/16687047/using-public-food-grain-stocks-enhance-food-security
dc.identifierhttps://hdl.handle.net/10986/11878
dc.identifierhttps://doi.org/10.1596/11878
dc.identifier.urihttp://hdl.handle.net/123456789/412183
dc.languageEnglish
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectACCOUNTING
dc.subjectAGRICULTURAL COMMODITIES
dc.subjectAGRICULTURAL COMMODITY
dc.subjectAGRICULTURAL GROWTH
dc.subjectAGRICULTURAL POLICIES
dc.subjectAGRICULTURAL POLICY
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectAGRICULTURE
dc.subjectARBITRAGE
dc.subjectBAGGING
dc.subjectBANKING SYSTEMS
dc.subjectBASIC NEEDS
dc.subjectBENEFICIARIES
dc.subjectBUTTER
dc.subjectCA
dc.subjectCASH PAYMENTS
dc.subjectCASH TRANSACTIONS
dc.subjectCASH TRANSFER
dc.subjectCASH TRANSFERS
dc.subjectCENTRAL BANKS
dc.subjectCEREALS
dc.subjectCHEESE
dc.subjectCOCOA
dc.subjectCOLLECTIVE ACTION
dc.subjectCOLLECTIVE ACTION PROBLEM
dc.subjectCOLLECTIVE ACTION PROBLEMS
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICES
dc.subjectCOMPETITIVE ADVANTAGE
dc.subjectCOMPETITIVE MARKET
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMER EXPENDITURES
dc.subjectCONSUMER PRICE
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMER PRICES
dc.subjectCOST OF CAPITAL
dc.subjectCOUNTRY TO COUNTRY
dc.subjectCRITICAL NEEDS
dc.subjectCURRENCY
dc.subjectDEFAULTS
dc.subjectDEFICITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPING ECONOMIES
dc.subjectDIVIDENDS
dc.subjectDOMESTIC MARKET
dc.subjectDOMESTIC MARKETS
dc.subjectDOMESTIC PRICES
dc.subjectECONOMIC CRISES
dc.subjectECONOMIC DOWNTURNS
dc.subjectELECTRONIC CASH
dc.subjectENERGY PRICES
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORTER
dc.subjectEXPORTERS
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SUPPORT
dc.subjectFOOD AID
dc.subjectFOOD AID PROGRAMS
dc.subjectFOOD CROPS
dc.subjectFOOD DEMAND
dc.subjectFOOD DISTRIBUTION
dc.subjectFOOD FORTIFICATION
dc.subjectFOOD IMPORTS
dc.subjectFOOD INSECURITY
dc.subjectFOOD MARKETS
dc.subjectFOOD NEEDS
dc.subjectFOOD POLICY
dc.subjectFOOD POLICY RESEARCH
dc.subjectFOOD PREFERENCES
dc.subjectFOOD PRICE
dc.subjectFOOD PRICE INFLATION
dc.subjectFOOD PRICES
dc.subjectFOOD RESERVES
dc.subjectFOOD SAFETY
dc.subjectFOOD SECURITY
dc.subjectFOOD SHORTAGES
dc.subjectFOOD STAPLES
dc.subjectFOOD SUBSIDY
dc.subjectFOOD SUBSIDY PROGRAMS
dc.subjectFOOD SUPPLY
dc.subjectFOOD TRANSFERS
dc.subjectFOODGRAINS
dc.subjectFORWARD MARKETS
dc.subjectGOVERNMENT INTERVENTION
dc.subjectGOVERNMENT SUBSIDY
dc.subjectGRAIN PRODUCTION
dc.subjectGRAIN RESERVES
dc.subjectGRAINS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHOLDING
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD INCOMES
dc.subjectIFPRI
dc.subjectINCENTIVE STRUCTURE
dc.subjectINCOME
dc.subjectINCOME GROWTH
dc.subjectINCOME SHOCKS
dc.subjectINCOMES
dc.subjectINFORMATION SYSTEM
dc.subjectINPUT PRICES
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL FOOD POLICY RESEARCH INSTITUTE
dc.subjectINTERNATIONAL MARKET
dc.subjectINTERNATIONAL MARKETS
dc.subjectINTERNATIONAL TRADE
dc.subjectINVENTORIES
dc.subjectINVENTORY
dc.subjectINVESTING
dc.subjectJOB CREATION
dc.subjectLOAN
dc.subjectLOCAL ECONOMIES
dc.subjectLOGISTICAL SUPPORT
dc.subjectLONG-TERM INVESTMENTS
dc.subjectMAIZE
dc.subjectMARKET CONDITIONS
dc.subjectMARKET DEVELOPMENTS
dc.subjectMARKET DISTORTIONS
dc.subjectMARKET FAILURES
dc.subjectMARKET INFORMATION
dc.subjectMARKET LEVEL
dc.subjectMARKET LEVELS
dc.subjectMARKET PLAYERS
dc.subjectMARKET PRICE
dc.subjectMARKET PRICES
dc.subjectMARKET TREND
dc.subjectMARKET TRENDS
dc.subjectMARKETING
dc.subjectMEAL
dc.subjectMILLS
dc.subjectMONOPOLY
dc.subjectNATURAL RESOURCES
dc.subjectOPPORTUNITY COSTS
dc.subjectOUTPUT
dc.subjectOUTPUTS
dc.subjectPADDY
dc.subjectPOLITICAL STABILITY
dc.subjectPOVERTY ALLEVIATION
dc.subjectPRICE BAND
dc.subjectPRICE BANDS
dc.subjectPRICE CEILING
dc.subjectPRICE FLOOR
dc.subjectPRICE FLUCTUATIONS
dc.subjectPRICE INCENTIVES
dc.subjectPRICE INFLATION
dc.subjectPRICE INSTABILITY
dc.subjectPRICE LEVELS
dc.subjectPRICE MOVEMENTS
dc.subjectPRICE POLICY
dc.subjectPRICE STABILITY
dc.subjectPRICE STABILIZATION
dc.subjectPRICE VARIATIONS
dc.subjectPRICE VOLATILITY
dc.subjectPRIVATE INVESTMENT
dc.subjectPRODUCER PRICES
dc.subjectPROFIT MARGINS
dc.subjectPROTEINS
dc.subjectPUBLIC BUDGETS
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC INVESTMENTS
dc.subjectPUBLIC POLICY
dc.subjectPUBLIC SPENDING
dc.subjectPUBLIC STOCK
dc.subjectPUBLIC STOCKS
dc.subjectPURCHASING
dc.subjectPURCHASING POWER
dc.subjectRATES OF RETURN
dc.subjectRECURRENT EXPENDITURE
dc.subjectREGIONAL INTEGRATION
dc.subjectREGIONAL TRADE
dc.subjectREMOTE AREAS
dc.subjectRESERVE
dc.subjectRETURN
dc.subjectRICE MARKETING
dc.subjectRISK AVERSION
dc.subjectRUBBER
dc.subjectRURAL INFRASTRUCTURE
dc.subjectSAFETY NET
dc.subjectSAFETY NETS
dc.subjectSALE
dc.subjectSALES
dc.subjectSAVINGS
dc.subjectSECURITY RISKS
dc.subjectSELLING PRICES
dc.subjectSOCIAL COSTS
dc.subjectSTABILIZATION POLICIES
dc.subjectSTOCK MANAGEMENT
dc.subjectSTOCKS
dc.subjectSTRUCTURAL PROBLEM
dc.subjectSUPPLY CHAIN
dc.subjectSUPPLY CHAINS
dc.subjectSUPPLY SHOCKS
dc.subjectSURPLUS
dc.subjectSURPLUSES
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectVITAMINS
dc.subjectWAREHOUSES
dc.subjectWFP
dc.subjectWHEAT
dc.subjectWHOLESALE PRICE
dc.subjectWORLD FOOD PROGRAMME
dc.subjectWORLD MARKET
dc.subjectWORLD MARKETS
dc.subjectWORLD TRADE
dc.titleUsing Public Food Grain Stocks to Enhance Food Security

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