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Impacts of the COVID-19 pandemic on food prices: Evidence from storable and perishable commodities in India
The supply chain disruptions caused by the COVID-19 outbreak have led to changes in food prices globally. The impact of COVID-19 on the price of essential and perishable food items in developing and emerging economies has been lacking. Using a recent phone survey by the World Bank, this study examin...
Autores principales: | , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Public Library of Science
2022
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8893685/ https://www.ncbi.nlm.nih.gov/pubmed/35239679 http://dx.doi.org/10.1371/journal.pone.0264355 |
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author | Bairagi, Subir Mishra, Ashok K. Mottaleb, Khondoker A. |
author_facet | Bairagi, Subir Mishra, Ashok K. Mottaleb, Khondoker A. |
author_sort | Bairagi, Subir |
collection | PubMed |
description | The supply chain disruptions caused by the COVID-19 outbreak have led to changes in food prices globally. The impact of COVID-19 on the price of essential and perishable food items in developing and emerging economies has been lacking. Using a recent phone survey by the World Bank, this study examines the impact of the COVID-19 pandemic on the prices of the three essential food items in India. The results indicate that price of basic food items such as atta (wheat flour) and rice increased significantly during the pandemic compared to the pre-pandemic period. In contrast, during the same period, the price of onions declined significantly. The findings may suggest panic-buying, hoarding, and storability of food items. The results further reveal that remittance income and cash transfers from the government negatively affected commodity prices. Thus, this study’s findings suggest that families may have shifted the demand away from essential foods during the pandemic. |
format | Online Article Text |
id | pubmed-8893685 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2022 |
publisher | Public Library of Science |
record_format | MEDLINE/PubMed |
spelling | pubmed-88936852022-03-04 Impacts of the COVID-19 pandemic on food prices: Evidence from storable and perishable commodities in India Bairagi, Subir Mishra, Ashok K. Mottaleb, Khondoker A. PLoS One Research Article The supply chain disruptions caused by the COVID-19 outbreak have led to changes in food prices globally. The impact of COVID-19 on the price of essential and perishable food items in developing and emerging economies has been lacking. Using a recent phone survey by the World Bank, this study examines the impact of the COVID-19 pandemic on the prices of the three essential food items in India. The results indicate that price of basic food items such as atta (wheat flour) and rice increased significantly during the pandemic compared to the pre-pandemic period. In contrast, during the same period, the price of onions declined significantly. The findings may suggest panic-buying, hoarding, and storability of food items. The results further reveal that remittance income and cash transfers from the government negatively affected commodity prices. Thus, this study’s findings suggest that families may have shifted the demand away from essential foods during the pandemic. Public Library of Science 2022-03-03 /pmc/articles/PMC8893685/ /pubmed/35239679 http://dx.doi.org/10.1371/journal.pone.0264355 Text en © 2022 Bairagi et al https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. |
spellingShingle | Research Article Bairagi, Subir Mishra, Ashok K. Mottaleb, Khondoker A. Impacts of the COVID-19 pandemic on food prices: Evidence from storable and perishable commodities in India |
title | Impacts of the COVID-19 pandemic on food prices: Evidence from storable and perishable commodities in India |
title_full | Impacts of the COVID-19 pandemic on food prices: Evidence from storable and perishable commodities in India |
title_fullStr | Impacts of the COVID-19 pandemic on food prices: Evidence from storable and perishable commodities in India |
title_full_unstemmed | Impacts of the COVID-19 pandemic on food prices: Evidence from storable and perishable commodities in India |
title_short | Impacts of the COVID-19 pandemic on food prices: Evidence from storable and perishable commodities in India |
title_sort | impacts of the covid-19 pandemic on food prices: evidence from storable and perishable commodities in india |
topic | Research Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8893685/ https://www.ncbi.nlm.nih.gov/pubmed/35239679 http://dx.doi.org/10.1371/journal.pone.0264355 |
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