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Coffee Market Liberalisation and the Implications for Producers in Brazil, Guatemala and India

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  • Bill Russell
  • Sushil Mohan
  • Anindya Banerjee

Abstract

The standard approach to modelling the relationship between world and producer prices of coffee does not incorporate the effects of changing government policies and market structures. These changes have led to large structural breaks in the relationship between the prices implying the standard estimates are biased. We model coffee prices in Brazil, Guatemala and India allowing for the structural breaks and show that the liberalisation of coffee markets has benefited producers substantially both in terms of a higher share of the world price of coffee and higher real prices. This suggests that calls to re-regulate coffee markets may be misplaced. Copyright 2012, Oxford University Press.

Suggested Citation

  • Bill Russell & Sushil Mohan & Anindya Banerjee, 2012. "Coffee Market Liberalisation and the Implications for Producers in Brazil, Guatemala and India," The World Bank Economic Review, World Bank, vol. 26(3), pages 514-538.
    • Handle: RePEc:oup:wbecrv:v:26:y:2012:i:3:p:514-538
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    File URL: http://hdl.handle.net/10.1093/wber/lhr055
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    Citations

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    Cited by:

    1. Otero, Jesús & Argüello, Ricardo & Oviedo, Juan Daniel & Ramírez, Manuel, 2018. "Explaining coffee price differentials in terms of chemical markers: Evidence from a pairwise approach," Economic Modelling, Elsevier, vol. 72(C), pages 190-201.
    2. Anders, Sven & Fedoseeva, Svetlana, 2017. "Quality, Sourcing, and Asymmetric Exchange-Rate Pass-Through into U.S. Coffee Imports," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 42(3), September.
    3. Holmes, Mark J. & Otero, Jesús, 2023. "Psychological price barriers, El Niño, La Niña: New insights for the case of coffee," Journal of Commodity Markets, Elsevier, vol. 31(C).
    4. Minten, Bart & Dereje, Mekdim & Engida, Ermias & Kuma, Tadesse, 2019. "Coffee value chains on the move: Evidence in Ethiopia," Food Policy, Elsevier, vol. 83(C), pages 370-383.
    5. Stavrakoudis, Athanassios & Panagiotou, Dimitrios, 2016. "Price dependence between coffee qualities: a copula model to evaluate asymmetric responses," MPRA Paper 75994, University Library of Munich, Germany.
    6. Atanu Ghoshray & Sushil Mohan, 2021. "Coffee price dynamics: an analysis of the retail-international price margin [Commodity dependence and development: suggestions to tackle the commodities problem]," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 48(4), pages 983-1006.
    7. Stavrakoudis, Athanassios & Panagiotou, Dimitrios, 2016. "Price dependence and asymmetric responses between coffee varieties," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 17(2), June.
    8. Minten, Bart & Dereje, Mekdim & Engeda, Ermias & Kuma, Tadesse, 2015. "Coffee value chains on the move: Evidence from smallholder coffee farmers in Ethiopia:," ESSP working papers 76, International Food Policy Research Institute (IFPRI).

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