From 1997-2007, the United States Agency for International Development (USAID) Title II monetization programs sold more than US$200 million of food aid wheat and unrefined vegetable oils in Mozambique. This research has three objectives: 1) to document the lessons learned from past monetization...

When food prices shoot over import parity, this often leads to social and political unrest and even the toppling of governments. If markets behaved efficiently and in the absence of trade barriers, food prices should not exceed the price in world markets plus the cost of importing it to domestic...