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National Policy Responses to High Food Prices

Jamie Morrison, George Rapsomanikis, Alexander Sarris and Ramesh Sharma

No 1, FAO - Economic and Social Perspectives from Economic and Social Development Department of the Food and Agriculture Organization of the United Nations (FAO)

Abstract: The prices of many staple food commodities have increased substantially over the past year. As a result, many developing countries are facing larger food import bills. The cereal import bill of the world’s poorest countries is forecast to rise by 56 percent in 2007/08, following an already significant increase of 37 percent in 2006/07. Given the growing dependency of many developing countries on imported food commodities and on foreign aid, as well as their generally high levels of debt, increasing food prices have important implications for growth and development.

Keywords: food prices; food crisis; price shock; FAO; commodities; staple food (search for similar items in EconPapers)
JEL-codes: F21 F23 F54 O13 Q15 Q17 (search for similar items in EconPapers)
Pages: 4 pages
Date: 2008
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