Price Volatility in Agricultural Markets - Evidence, impact on food security and policy responses

Fao Economic and Social Development Department

No 12EN, FAO - Economic and Social Perspectives from Economic and Social Development Department of the Food and Agriculture Organization of the United Nations (FAO)

Abstract: Recent bouts of extreme price volatility in global agricultural markets portend rising and more frequent threats to world food security. A new Policy Brief of the UN's Food and Agriculture Organization argues that countries should improve market functioning and equip themselves better to cope with the adverse effects of extreme volatility. Apart from improving global safety nets, countries can lower their vulnerability by raising agricultural productivity for a diverse set of crops that proves both competitive and sustainable, as well as by promoting dietary diversification.

Keywords: rural development; hunger; food security; economic crisis; prices; agriculture (search for similar items in EconPapers)
JEL-codes: O13 Q11 Q18 (search for similar items in EconPapers)
Pages: 2 pages
Date: 2010
New Economics Papers: this item is included in nep-agr
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