Seminars & Events
Seminar
Seminar on the Agro-Economics “The Impacts of Price Insulation on World Wheat Markets during the 2022 Food Price Crisis”
* This seminar will be held on site as well as over ZOOM webinar. Please make sure that the latest Zoom app is installed on your PC or mobile device, if you participate online
Registration closed
Dr. Will Martin, Senior Research Fellow, International Food Policy Research Institute (IFPRI) will give a lecture on his paper focusing on the impact of price insulation on world wheat markets during the food price crisis caused by the COVID-19 pandemic and the Ukraine war.
Date
December 2, 2022, 15:00 - 16:45 (JST)
Topic
“The Impacts of Price Insulation on World Wheat Markets during the 2022 Food Price Crisis”
Lecturer
Will Martin, Senior Research Fellow, International Food Policy Research Institute (IFPRI)
Moderator
Ian Coxhead, Senior Research Fellow, Interdisciplinary Studies Center, IDE-JETRO
Abstract
This paper begins with a survey of recent commodity price developments that highlights the magnitude of this price surge and identifies the rapid rise in wheat prices as a key element. The analysis in this paper focuses on the extent to which domestic markets are insulated from these changes and on the resulting impacts on world prices. An econometric analysis using Error Correction Models finds stable long-term relationships between world wheat prices and most domestic prices of wheat and wheat products, but with considerable variation across countries in the rate of price transmission. A case study of the price shocks during the Covid pandemic and the Ukraine food price crisis finds that price insulation roughly doubled the overall increase in world wheat prices and raised their volatility both during periods of price increase and price decline.
Venue
The
seminar
will
be
conducted
in
hybrid
style
(on
site
and
via
Zoom).
On
site:
Institute
of
Developing
Economies,
JETRO
3-2-2
Wakaba,
Mihama-ku,
Chiba-shi,
Chiba,
Japan
Zoom
Webinar
Link
will
be
notified
to
registered
persons
on
December
1st
Target / Capacity
Researchers, graduate students, and those who are interested in the topics
Capacity: 20 persons onsite, 40 persons online
Language
English
Participation Fee
Free
Organizer
Institute of Developing Economies, Japan External Trade Organization (IDE-JETRO)
Contact:
Development
and
Inter-Disciplinary
Studies
Operation
Division
(H.
Fukai
(Mr.)/
T.
Suzuki
(Mr.)
)
Institute
of
Developing
Economies,
Japan
External
Trade
Organization
(IDE-JETRO)
E-mail:
R_promo2
