Foreign exchange rationing, wheat markets and food security in Ethiopia

Paul Dorosh () and Hashim A. Ahmed

No 4, ESSP research notes from International Food Policy Research Institute (IFPRI)

Abstract: Beginning in April 2008, lack of access to foreign exchange effectively stopped private sector wheat imports. Government imports and subsidized sales to millers and households in late 2008, subsequently increased domestic supply and lowered market wheat prices, though market prices remained above import parity levels. Allowing the private sector access to foreign exchange for wheat imports (or auctioning government wheat imports of the same volume) would have eliminated the wheat import subsidy, estimated at about $US 90 million in 2008, while reducing market prices to import parity levels.

Keywords: currencies; wheat; food security; agriculture; markets; imports; subsidies; development policies; globalization; Ethiopia; Eastern Africa; Sub-Saharan Africa; Africa (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://hdl.handle.net/10568/162062

Related works:
Working Paper: Foreign exchange rationing, wheat markets and food security in Ethiopia (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fpr:essprn:4

Access Statistics for this paper

More papers in ESSP research notes from International Food Policy Research Institute (IFPRI) Contact information at EDIRC.
Bibliographic data for series maintained by ().