Integrating Central American and International Food Markets : An Analysis of Food Price Transmission in Honduras and Nicaragua

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dc.creatorArias, Diego
dc.creatorDe Franco, Mario A.
dc.date2014-04-22T21:43:43Z
dc.date2014-04-22T21:43:43Z
dc.date2011-03-17
dc.date.accessioned2026-07-01T00:51:51Z
dc.descriptionIn 2004 the Central American countries of Nicaragua, Honduras, Guatemala, El Salvador, Costa Rica, and the Dominican Republic signed the Dominican Republic-Central America Free Trade Agreement (DR-CAFTA) with the United States and are currently negotiating another agreement with the European Union and others. This study examines the dynamics among international and domestic food markets by assessing the transmission of international prices to domestic prices of key agriculture commodities in Honduras and Nicaragua. It analyzes to what degree, if at all, a change in the international price of a given food product influences the domestic price of that same good, at the level of the consumer and producer and in different regions in each country. This analysis provides important evidence of the price dynamics that guide public policy recommendations for a complementary agenda of agriculture trade liberaliza-tion in the region. There are two methods for analyzing the relationship between international and domestic prices. The first is to conduct a price wedge analysis-to evaluate the difference between international and domestic prices. The second method is to conduct a price transmission analysis by analyzing the variation in the percent growth of international versus domestic prices. Evidence from Nicaragua suggests that for most of the agriculture supply chains studied (except for beans) there is little competition in the country's domestic market structure. A few Nicaraguan companies own the majority share of the market, both to purchase and export agricultural products and to import and sell food domestically. Obtaining information about the structure of domestic agriculture and food markets could shed light on country-specific impediments from domestic market structure to increasing agriculture growth, reducing poverty, and improving rural competitiveness. Information on domestic market structure was difficult to obtain for this study, particularly for Honduras. But, even in a context where the domestic market structure concentrates purchasing and selling power in a few agribusiness companies, price transmission could be high.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2011/03/17394091/integrating-central-american-international-food-markets-analysis-food-price-transmission-honduras-nicaragua
dc.identifierhttps://hdl.handle.net/10986/18018
dc.identifierhttps://doi.org/10.1596/18018
dc.identifier.urihttp://hdl.handle.net/123456789/412130
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.relationLCSSD occasional paper series on food prices;
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectADDITIVES
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectAGRICULTURE
dc.subjectBANANAS
dc.subjectBEEF
dc.subjectCENTRAL BANK
dc.subjectCLIMATE CHANGE
dc.subjectCOCOA
dc.subjectCOFFEE PRICES
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMPETITIVE MARKET
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMER DEMAND
dc.subjectCONSUMER GOODS
dc.subjectCONSUMER PRICE
dc.subjectCONSUMER PRICES
dc.subjectCORN
dc.subjectCOST INCREASE
dc.subjectCOST STRUCTURES
dc.subjectDAIRY
dc.subjectDEMAND CURVE
dc.subjectDOMESTIC MARKET
dc.subjectDOMESTIC MARKETS
dc.subjectDOMESTIC PRICE
dc.subjectDOMESTIC PRICES
dc.subjectDRIVERS
dc.subjectEGGS
dc.subjectELASTICITIES
dc.subjectELASTICITY
dc.subjectENVIRONMENTAL SUSTAINABILITY
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURES
dc.subjectEXPORT MARKET
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL MARKET
dc.subjectFOOD AVAILABILITY
dc.subjectFOOD CHAIN
dc.subjectFOOD MARKETS
dc.subjectFOOD POLICY
dc.subjectFOOD PRICE
dc.subjectFOOD PRICES
dc.subjectFOOD PRODUCT
dc.subjectFOOD PRODUCTION
dc.subjectFOOD PRODUCTS
dc.subjectFREE TRADE
dc.subjectFREE TRADE AGREEMENT
dc.subjectGRAINS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH RATES
dc.subjectINCOME
dc.subjectINPUT PRICES
dc.subjectINSURANCE
dc.subjectINTERNATIONAL MARKET
dc.subjectINTERNATIONAL MARKETS
dc.subjectINVENTORY
dc.subjectLIBERALIZATION
dc.subjectMAIZE
dc.subjectMARGINAL COST
dc.subjectMARKET DISTORTIONS
dc.subjectMARKET INTEGRATION
dc.subjectMARKET POWER
dc.subjectMARKET PRICE
dc.subjectMARKET RISKS
dc.subjectMARKET SHARE
dc.subjectMARKET STRUCTURE
dc.subjectMARKET STRUCTURES
dc.subjectMARKETING
dc.subjectMEAT
dc.subjectMONOPOLY
dc.subjectNOISE
dc.subjectPACKING
dc.subjectPADDY
dc.subjectPARTICULAR COUNTRIES
dc.subjectPORK
dc.subjectPRICE ADJUSTMENT
dc.subjectPRICE ADJUSTMENTS
dc.subjectPRICE BEHAVIOR
dc.subjectPRICE CHANGE
dc.subjectPRICE CHANGES
dc.subjectPRICE ELASTICITY
dc.subjectPRICE INCREASE
dc.subjectPRICE INCREASES
dc.subjectPRICE INDEX
dc.subjectPRICE INDICES
dc.subjectPRICE LEVELS
dc.subjectPRICE LISTS
dc.subjectPRICE SERIES
dc.subjectPRICE SUBSIDY
dc.subjectPRICE SUPPORT
dc.subjectPRICE VARIATIONS
dc.subjectPRICE VOLATILITY
dc.subjectPRODUCER PRICE
dc.subjectPRODUCER PRICE INDEX
dc.subjectPRODUCER PRICES
dc.subjectPRODUCT QUALITY
dc.subjectPUBLIC POLICIES
dc.subjectPUBLIC POLICY
dc.subjectPURCHASING
dc.subjectRAIL
dc.subjectRAIL TRANSPORT
dc.subjectREPUTATION
dc.subjectSALE
dc.subjectSILAGE
dc.subjectSOCIAL COSTS
dc.subjectSUBSTITUTE
dc.subjectSUBSTITUTION
dc.subjectSUGAR
dc.subjectSUGAR CANE
dc.subjectSUPPLIERS
dc.subjectSUPPLY CHAIN
dc.subjectSUPPLY CHAINS
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectTECHNOLOGICAL CHANGES
dc.subjectTRANSACTION COSTS
dc.subjectTRANSPORT
dc.subjectTRANSPORT COSTS
dc.subjectTRANSPORT EFFICIENCY
dc.subjectTRANSPORT SECTOR
dc.subjectTRANSPORTATION
dc.subjectTRUCK TRANSPORT
dc.subjectTRUCKS
dc.subjectTRUE
dc.subjectVEHICLE
dc.subjectVEHICLES
dc.subjectVOLATILITY
dc.subjectWHEAT
dc.subjectWHEAT FLOUR
dc.subjectWHOLESALER
dc.subjectWHOLESALERS
dc.titleIntegrating Central American and International Food Markets : An Analysis of Food Price Transmission in Honduras and Nicaragua

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