Publication: Price Volatility in Food and Agricultural Markets: Policy Responses
Date
2011-06-02
ISSN
Published
2011-06-02
Author(s)
FAO
IFAD
IMF
OECD
UNCTAD
WFP
World Bank
WTO
IFPRI
United Nations High Level Task Force on Global Food and Nutrition
Abstract
The approach taken in this report
reflects the view of the collaborating international
organizations that price volatility and its effects on food
security is a complex issue with many dimensions,
agricultural and non-agricultural, short and long-term, with
highly differentiated impacts on consumers and producers in
developed and developing countries. The report begins with a
discussion of volatility and of the ways in which volatility
affects countries, businesses, consumers and farmers.
Lessons learned from recent experiences are briefly reviewed
as well as the factors determining likely levels of
volatility in future. This report offers suggestions for a
systematic and internationally coordinated response building
on the lessons learned as a result of the 2007-2008crisis.
It is important to distinguish between policy options
designed to prevent or reduce price volatility and those
designed to mitigate its consequences. Both types of
intervention are explored in detail. Scope is identified for
actions at individual, national, regional and international
level. Some would help to avert a threat; others are in the
nature of contingency plans to improve readiness, while
still others address long-term issues of resilience.
Finally, the report explores mechanisms of international
cooperation to implement this report's recommendations
and to monitor progress.
Link to Data Set
Citation
“FAO; IFAD; IMF; OECD; UNCTAD; WFP; World Bank; WTO; IFPRI; United Nations High Level Task Force on Global Food and Nutrition. 2011. Price Volatility in Food and Agricultural Markets: Policy Responses. © World Bank, Washington, DC. http://hdl.handle.net/10986/27379 License: CC BY 3.0 IGO.”