The Response of Ethiopian Grain Markets to Liberalization



Appendix 2 Within-year monthly variability of white teff price for different markets (1995=100)

Year

Market

Statistics

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

Bako

Mean

-

145.21

116.29

139.26

148.40

159.47

166.45

195.11

151.91

181.14

187.10

138.90

SD

-

21.10

9.20

20.92

17.01

18.04

11.87

13.00

10.96

30.42

19.95

10.10

CV (%)

-

14.53

7.91

15.02

1.15

11.31

7.13

6.66

7.21

16.79

10.66

7.27

Addis Ababa

Mean

403.21

295.65

253.15

280.42

239.74

234.46

248.26

248.55

214.99

245.13

240.57

221.03

SD

42.17

45.09

22.81

15.84

9.02

18.93

21.56

5.75

11.45

26.24

5.19

7.98

CV(%)

10.46

15.25

9.01

5.65

3.76

8.07

8.68

2.31

5.33

10.70

2.16

3.61

Dire Dawa

Mean

472.84

397.62

304.08

321.25

275.27

297.55

298.13

292.70

248.86

288.37

295.61

290.44

SD

25.40

62.58

42.31

18.44

18.02

18.31

24.97

22.53

8.76

27.20

11.08

8.13

CV(%)

5.37

15.74

13.91

5.74

6.55

6.15

8.38

7.70

3.52

9.43

3.75

2.80

Hosaenna

Mean

-

-

168.07

145.94

149.98

162.08

189.86

198.99

174.11

204.30

194.90

150.77

SD

-

-

19.00

15.98

20.10

30.99

19.23

8.50

9.74

33.87

13.41

12.59

CV(%)

-

-

11.30

10.99

13.40

19.12

10.13

4.27

5.59

16.58

6.88

8.35

Bahir Dar

Mean

-

157.13

165.22

166.51

149.89

149.07

-

209.40

184.66

220.93

228.71

177.26

SD

-

13.23

11.27

10.37

15.49

19.94

-

8.29

11.31

32.15

14.93

6.08

CV(%)

-

8.42

6.82

6.22

10.33

13.38

-

3.96

6.12

14.55

6.53

3.43

Mekele

Mean

477.72

483.88

381.29

405.05

325.77

-

-

273.52

276.84

278.16

258.86

265.35

SD

35.31

102.07

22.16

52.63

24.46

-

-

21.07

11.10

15.54

10.45

4.79

CV(%)

7.39

21.09

5.81

12.99

7.51

-

-

7.70

4.01

5.59

4.04

1.81

-38-



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