Cover - Commodity Market Review

ISSN 1020-492X

COMMODITY MARKET REVIEW

2003-2004


FOOD AND AGRICULTURE ORGANIZATION OF THE UNITED NATIONS
Rome, 2003


The designations employed and the presentation of material in this information product do not imply the expression of any opinion whatsoever on the part of the Food and Agriculture Organization of the United Nations concerning the legal or development status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries.

ISBN 92-5-105063-5

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© FAO 2003

CONTENTS

FOREWORD

INTRODUCTION

FALLING COMMODITY PRICES AND INDUSTRY RESPONSES: SOME LESSONS FROM THE INTERNATIONAL COFFEE CRISIS. David Hallam

1. Introduction
2. The nature of the international coffee crisis
3. International action on coffee prices
4. Some concluding comments

FOOD IMPORT BILLS: EXPERIENCES, FACTORS UNDERPINNING CHANGES AND POLICY IMPLICATIONS FOR FOOD SECURITY OF LEAST DEVELOPED AND NET FOOD-IMPORTING DEVELOPING COUNTRIES. A. A. Gürkan, Kelvin Balcombe and Adam Prakash

1. Introduction
2. Experience with food import bills
3. Determinants of food import bills
4. Conclusions and policy implications

FOOD EMERGENCIES, FOOD SECURITY AND ECONOMIC PROGRESS IN DEVELOPING COUNTRIES. Mwita Rukandema and A.A. Gürkan

1. Introduction
2. Current food emergency situation
3. Recent trends in food emergencies
4. Impact of disasters on long-term food security and economic progress of developing countries
5. Conclusion and policy implications

MARKET INTEGRATION AND PRICE TRANSMISSION IN SELECTED FOOD AND CASH CROP MARKETS OF DEVELOPING COUNTRIES: REVIEW AND APPLICATIONS. George Rapsomanikis, David Hallam and Piero Conforti

1. Introduction
2. Literature review and main findings
3. Price transmission notions and components and the impact of food policies
4. A price transmission testing framework
5. Application to markets in developing countries
6. Some policy implications and suggestions for future research

THE IMPACT OF THE DOHA DEVELOPMENT ROUND OF TRADE NEGOTIATIONS ON DEVELOPING COUNTRIES: RESULTS FROM ATPSM. Daneswar Poonyth and Ramesh Sharma

1. Introduction
2. Developing country concerns in the post Uruguay Round period
3. The ATPSM model
4. Negotiating modalities and simulation scenarios
5. Simulation results
6. Concluding remarks

TARIFF ESCALATION IN AGRICULTURAL COMMODITY MARKETS. Nasredin Elamin and Hansdeep Khaira

1. Introduction
2. Evolution of trade in processed agricultural products
3. Measurement of tariff escalation: nominal tariff wedges and effective rate of protection (ERP)
4. Tariff escalation and the Uruguay Round - review of evidence
5. Tariff escalation in selected agricultural commodity chains - applied and bound tariff wedges
6. Tariff escalation and the new WTO negotiations on agriculture
7. Conclusions and policy issues

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