The Response of Ethiopian Grain Markets to Liberalization



Appendix 1 Within-year monthly variability of maize price for different markets (1995=100)

Year

Market

Statistics

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

Bako

Mean

-

71.63

43.94

47.81

81.41

59.74

82.43

106.31

62.14

118.35

96.01

49.28

SD

-

19.76

5.30

15.01

24.00

10.10

13.38

25.26

4.89

40.07

20.73

7.30

CV (%)

-

27.59

12.06

31.40

29.48

16.91

16.23

23.76

7.87

33.86

21.59

14.81

Addis Ababa

Mean

217.24

122.16

86.39

100.62

103.26

93.91

119.63

133.23

90.91

126.24

114.23

79.48

SD

47.07

16.57

5.99

15.74

7.19

11.87

15.86

23.23

4.27

23.66

17.34

3.94

CV(%)

21.67

13.56

6.93

15.64

6.96

12.64

13.26

17.44

4.70

18.74

15.18

4.96

Dire Dawa

Mean

226.12

200.31

106.80

121.99

123.25

130.47

171.60

170.70

114.59

168.60

152.85

143.60

SD

45.38

61.99

14.77

19.22

7.79

14.30

19.44

20.78

5.89

42.87

3.96

10.02

CV(%)

20.07

30.95

13.83

15.76

6.32

10.96

11.33

12.17

5.14

25.43

2.59

6.98

Jimma

Mean

124.09

121.21

54.89

68.49

112.13

63.25

84.66

108.33

72.10

115.32

111.35

58.61

SD

4.05

40.87

13.00

20.17

35.65

12.68

8.02

27.28

6.11

25.34

29.74

9.62

CV(%)

3.26

33.72

23.68

29.45

31.79

20.05

9.47

25.18

8.47

21.97

26.71

16.41

Shashamene

Mean

-

66.35

53.27

70.42

70.28

67.85

97.26

106.10

78.02

116.76

98.49

73.33

SD

-

19.09

5.88

17.77

9.48

6.22

21.63

19.37

5.74

21.18

19.41

2.80

CV(%)

-

28.77

11.04

25.23

13.49

9.17

22.22

18.26

7.36

18.14

19.71

3.82

Mekele

Mean

303.21

220.84

181.83

200.98

211.43

-

-

154.11

136.86

161.23

155.92

132.64

SD

18.02

57.27

22.05

68.20

6.80

-

-

18.91

15.33

13.74

13.42

5.40

CV(%)

5.94

25.93

12.13

33.93

3.22

-

-

12.27

11.20

8.52

8.61

4.07

-37-



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