ICRIER and the authors gratefully acknowledge that ZEF Bonn, with whom ICRIER collaborates in this Project titled “Analysis and implementation of measures to reduce price volatility at national and international markets for improving food security in developing countries”, is the grantee of the German Federal Ministry of Economic Cooperation and development (BMZ), which supported this research paper. The authors would like to thank Prof. Anwarul Hoda for his continued guidance and important suggestions during work on the paper. The authors are grateful to The Editorial Committee of the ZEF (Discussion Papers on Development Policy) and to Ms. Vrinda Swarup for sharing their valuable comments that have helped better this research.
