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Managing Price Risk in the Pakistan Wheat Market

Author

Listed:
  • Faruqee, R.
  • Coleman, J.R.

Abstract

The purpose of government intervention in the wheat market in Pakistan is to ensure food security of consumers and to provide adequate and stable incomes for producers. The cost of this intervention is high and its impact on the performance of agriculture has been significantly negative. The World Bank is urging policy changes such as removing agricultural trade restrictions, price supports and subsidies. However, such reform are often resisted by policy-makers because of a fear that the domestic market will be exposed to fluctuating international commodity prices.

Suggested Citation

  • Faruqee, R. & Coleman, J.R., 1996. "Managing Price Risk in the Pakistan Wheat Market," World Bank - Discussion Papers 334, World Bank.
    • Handle: RePEc:fth:wobadi:334
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    Citations

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    Cited by:

    1. World Bank, 2002. "Pakistan Development Policy Review : A New Dawn?," World Bank Publications - Reports 15425, The World Bank Group.
    2. World Bank, 2005. "Pakistan : Punjab Economic Report, Towards a Medium-Term Development Strategy," World Bank Publications - Reports 8556, The World Bank Group.
    3. Anderson, Jock R., 2003. "Risk in rural development: challenges for managers and policy makers," Agricultural Systems, Elsevier, vol. 75(2-3), pages 161-197.
    4. Kelly, Valerie A., 2005. "Farmers' Demand for Fertilizer in Sub-Saharan Africa," Staff Paper Series 11612, Michigan State University, Department of Agricultural, Food, and Resource Economics.

    More about this item

    Keywords

    PAKISTAN; AGRICULTURE; RISK;
    All these keywords.

    JEL classification:

    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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