• The logic of buffer stocks

    Every country needs food security and a resilient food system.


    Citizens should always be able to afford enough food for their families. Farmers should always be able to make a decent profit.


    The answer lies in food reserves. Governments should set up a food reserve to use as a buffer against the volatility of prices.

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The IMF does not understand buffer stocks

10th April 2021

Last year a team of ‘IMF experts’ published a report intended to help member countries deal with the economic effects of COVID-19. One of the reports, published on June 29th, concerned ‘food markets during COVID-19’ and came out against using food buffer stocks to stabilize prices. It claimed that they ‘carry a large fiscal cost…   Read more

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