International Agreements for Commodity Price Stabilisation: An Assessment
This paper looks at commodity stocks, their role in price determination for storable commodities, and past efforts of international stockholding arrangements with economic provisions in stabilising world prices. Low stocks to use ratios of recent years were one of a number of contributory factors to...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2011
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| Schriftenreihe: | OECD Food, Agriculture and Fisheries Papers
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper looks at commodity stocks, their role in price determination for storable commodities, and past efforts of international stockholding arrangements with economic provisions in stabilising world prices. Low stocks to use ratios of recent years were one of a number of contributory factors to the grain price spike in 2007-08, the paper finds. However, the experience with past international commodity agreements (ICAs) with price band provisions and stockholding obligations suggests that they had only limited success in reducing the volatility of the prices they set out to stabilise, as well as being prone to many other operational problems. The paper also suggests that as a possible response to apparently inadequate private storage, public sector storage would be costly, ineffective in countering price spikes once stocks are fully exhausted, and would crowd out private storage. Some market-based approaches to countering food price volatility are also examined as alternatives to commodity storage |
| Beschreibung: | 1 Online-Ressource (40 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/5kg0ps7ds0jl-en |
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Datensatz im Suchindex
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| spelling | Gilbert, Christopher Verfasser aut International Agreements for Commodity Price Stabilisation An Assessment Christopher Gilbert Paris OECD Publishing 2011 1 Online-Ressource (40 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Food, Agriculture and Fisheries Papers This paper looks at commodity stocks, their role in price determination for storable commodities, and past efforts of international stockholding arrangements with economic provisions in stabilising world prices. Low stocks to use ratios of recent years were one of a number of contributory factors to the grain price spike in 2007-08, the paper finds. However, the experience with past international commodity agreements (ICAs) with price band provisions and stockholding obligations suggests that they had only limited success in reducing the volatility of the prices they set out to stabilise, as well as being prone to many other operational problems. The paper also suggests that as a possible response to apparently inadequate private storage, public sector storage would be costly, ineffective in countering price spikes once stocks are fully exhausted, and would crowd out private storage. Some market-based approaches to countering food price volatility are also examined as alternatives to commodity storage Agriculture and Food https://doi.org/10.1787/5kg0ps7ds0jl-en Verlag kostenfrei Volltext |
| spellingShingle | Gilbert, Christopher International Agreements for Commodity Price Stabilisation An Assessment Agriculture and Food |
| title | International Agreements for Commodity Price Stabilisation An Assessment |
| title_auth | International Agreements for Commodity Price Stabilisation An Assessment |
| title_exact_search | International Agreements for Commodity Price Stabilisation An Assessment |
| title_exact_search_txtP | International Agreements for Commodity Price Stabilisation An Assessment |
| title_full | International Agreements for Commodity Price Stabilisation An Assessment Christopher Gilbert |
| title_fullStr | International Agreements for Commodity Price Stabilisation An Assessment Christopher Gilbert |
| title_full_unstemmed | International Agreements for Commodity Price Stabilisation An Assessment Christopher Gilbert |
| title_short | International Agreements for Commodity Price Stabilisation |
| title_sort | international agreements for commodity price stabilisation an assessment |
| title_sub | An Assessment |
| topic | Agriculture and Food |
| topic_facet | Agriculture and Food |
| url | https://doi.org/10.1787/5kg0ps7ds0jl-en |
| work_keys_str_mv | AT gilbertchristopher internationalagreementsforcommoditypricestabilisationanassessment |