By: Sara Gustafson
In the wake of the 2008 food price crisis, many policymakers and development practitioners shifted their focus toward enhancing the capacity and resilience of domestic food value chains. In West Africa, this new focus centered on rice. Since rice constitutes a leading staple food source in the region, it was hoped that increased investment in this area would increase domestic rice production and reduce reliance on imports, thus improving food security.
Since the food price crisis of 2007-2008, there has been significant attention paid to the issue of price transmission from global to national markets, particularly in developing regions such as Africa south of the Sahara. A new paper published in the Journal of Agricultural Economics looks at seven key food security crops in Nigeria - maize, millet, sorghum, rice, cassava, yams, and cowpeas - to assess local (both urban and rural), regional, and international price transmission.