A model of West African millet prices in rural markets

Nathaniel Higgins, Beat Hintermann and Molly E. Brown

Food Policy, 2015, vol. 52, issue C, 33-43

Abstract: In this article we specify a model of millet prices in the three West African countries of Burkina Faso, Mali, and Niger. Using data obtained from USAID’s Famine Early Warning Systems Network (FEWS NET) we present a unique regional millet price forecasting model that takes advantage of the panel nature of our data and accounts for the distance of rural markets from capital cities. Another novel aspect of our analysis is our use of the Normalized Difference Vegetation Index (NDVI) to detect and control for variation in conditions for productivity. We find that including NDVI information significantly improves price forecasts.

Keywords: Millet; Cereal; West Africa; Price forecasting; Remote sensing; NDVI; Regional panel data (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (5)

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Related works:
Working Paper: A Model of West African Millet Prices in Rural Markets (2013)
Working Paper: A Model of West African Millet Prices in Rural Markets (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jfpoli:v:52:y:2015:i:c:p:33-43

DOI: 10.1016/j.foodpol.2014.09.011

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