Global food price hike is a burden to the poor

Dr Haradhan Mohajan (haradhan1971@gmail.com)

MPRA Paper from University Library of Munich, Germany

Abstract: This paper discusses the global food price hike and the effects of it among the poor of developing countries. Increase of food price became severe during 2007 and 2008, which was high in the last fifty years and more than half of the populations of the world affected due to this price hike. Biofuels production is one of the main causes of food price increase. Rapid increase of world population is another cause of soar of food price. Global supply and demand of food commodities, low harvest and natural calamities are also some other causes of increasing of the food prices. Soaring food prices have generated global concern about threats to food security, shaking the satisfaction created by many years of comparatively low commodity prices. Right of food is a fundamental right of every citizen of the state; unfortunately citizens of the most countries are deprived from this right. Many developing countries use food price subsidies or price controls to mitigate hunger and improve the nutrition of the poor but this is not a permanent solution to control food price hike.

Keywords: Child malnutrition; Biofuels; Food prices; Inflation; Poverty; Subsidies in food. (search for similar items in EconPapers)
JEL-codes: I15 (search for similar items in EconPapers)
Date: 2013-10-10, Revised 2013-11-05
New Economics Papers: this item is included in nep-agr and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (20)

Published in International Journal of Information Technology and Business Management 1.19(2013): pp. 1-15

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:51822

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