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From futures markets to the farm-gate

Author

Listed:
  • Bargawi, H.
  • Newman, S.A.

Abstract

This article contributes to the debate on commodity price transmission and offers an alternative perspective of price formation, transmission and the producer price experience in low-income countries. By investigating the case study of coffee chains, originating in Tanzania the paper demonstrates how the joint forces of global financialisation and domestic liberalisation in producing countries have acted to reorganize coffee chains into structures in which certain chain actors have become increasingly vulnerable to violent price swings while others have managed to remain relatively cushioned from such movements.

Suggested Citation

  • Bargawi, H. & Newman, S.A., 2013. "From futures markets to the farm-gate," ISS Working Papers - General Series 50215, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    • Handle: RePEc:ems:euriss:50215
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    File URL: https://repub.eur.nl/pub/50215/wp577.pdf
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    References listed on IDEAS

    as
    1. Krivonos, Ekaterina, 2004. "The impact of coffee market reforms on producer prices and price transmission," Policy Research Working Paper Series 3358, The World Bank.
    2. Ke Tang & Wei Xiong, 2012. "Index Investment and the Financialization of Commodities," Financial Analysts Journal, Taylor & Francis Journals, vol. 68(6), pages 54-74, November.
    3. Abdulai, Awudu, 2000. "Spatial price transmission and asymmetry in the Ghanaian maize market," Journal of Development Economics, Elsevier, vol. 63(2), pages 327-349, December.
    4. Morisset, Jacques, 1998. "Unfair Trade? The Increasing Gap between World and Domestic Prices in Commodity Markets during the Past 25 Years," The World Bank Economic Review, World Bank, vol. 12(3), pages 503-526, September.
    5. Katsushi Imai & Raghav Gaiha & Ganesh Thapa, 2008. "Transmission of World Commodity Prices to Domestic Commodity Prices in India and China," Global Development Institute Working Paper Series 4508, GDI, The University of Manchester.
    6. Liu, Bo & Keyzer, Michiel & van den Boom, Bart & Zikhali, Precious, 2012. "How connected are Chinese farmers to retail markets? New evidence of price transmission," China Economic Review, Elsevier, vol. 23(1), pages 34-46.
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    Citations

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    Cited by:

    1. Staritz, Cornelia & Newman, Susan & Tröster, Bernhard & Plank, Leonhard, 2015. "Financialization, price risks, and global commodity chains: Distributional implications on cotton sectors in Sub-Saharan Africa," Working Papers 55, Austrian Foundation for Development Research (ÖFSE).
    2. Grumiller, Jan & Raza, Werner G. & Staritz, Cornelia & Tröster, Bernhard & von Arnim, Rudi, 2018. "The economic and social effects of the Economic Partnership Agreements on selected African countries," Research Reports 7/2018, Austrian Foundation for Development Research (ÖFSE).
    3. Cornelia Staritz & Susan Newman & Bernhard Tröster & Leonhard Plank, 2015. "Financialisation, price risks, and global commodity chains: Distributional implications on Cotton Sectors in Sub-Saharan Africa," Working Papers 2015/04, Maastricht School of Management.
    4. Tröster, Bernhard, 2015. "Global commodity chains, financial markets, and local market structures: Price risks in the coffee sector in Ethiopia," Working Papers 56, Austrian Foundation for Development Research (ÖFSE).

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    Keywords

    commodity prices; financialisation; global commodity chains; coffee;
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