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The end of seasonality ? new insights from Sub-Saharan Africa
 
Author:Kaminski, Jonathan; Christiaensen, Luc; Gilbert, Christopher L.; Collection Title:Policy Research working paper ; no. WPS 6907
Country:Uganda; Africa; Tanzania; Date Stored:2014/06/04
Document Date:2014/06/01Document Type:Policy Research Working Paper
SubTopics:Markets and Market Access; Emerging Markets; Economic Theory & Research; Food & Beverage Industry; Access to MarketsLanguage:English
Region:AfricaReport Number:WPS6907
Volume No:1 of 1  

Summary: This paper revisits the extent of seasonality in African livelihoods, which has disappeared from Africa's development debate. Through econometric analysis of monthly food price series across 100 locations in three countries during 2000-12, it is shown that seasonal movements in maize wholesale prices explain 20 (Tanzania, Uganda) to 40 (Malawi) percent of their monthly volatility. Monthly maize peak prices are on average 30 (Tanzania, Uganda) to 50 (Malawi) percent higher than their monthly troughs and two to three times higher than the seasonal gaps observed for white maize at the South African Futures Exchange. Furthermore, household food consumption is found to inversely track food prices in each country, decreasing when staple prices increase and increasing when they decline. Clearly, (excess) seasonality in African food markets and consumption persists, necessitating policy attention.

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