FAOIFADIMFOECDUNCTADWFPWorld BankWTOIFPRIUnited Nations High Level Task Force on Global Food and Nutrition2017-06-272017-06-272011-06-02https://hdl.handle.net/10986/27379The 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.en-USCC BY 3.0 IGOACREAGEAGRICULTURAL COMMODITYAGRICULTURAL COMMODITY MARKETSAGRICULTURAL DEVELOPMENTAGRICULTURAL GROWTHAGRICULTURAL MARKETAGRICULTURAL OUTPUTAGRICULTURAL PRICEAGRICULTURAL PRODUCTIONAGRICULTURAL PRODUCTIVITYAGRICULTURAL PRODUCTSAGRICULTURAL RESEARCHAGRICULTURAL SECTORAGRICULTURAL SECTORSAGRICULTURAL SYSTEMAGRICULTURAL TECHNOLOGYAGRICULTUREANIMAL FEEDANIMAL PRODUCTSARBITRAGEBANK GOVERNORSBARRIERBASIC FOODSBASIC NEEDSBEEFBUTTERCARBON EMISSIONSCENTRAL BANKCEREALSCLEAN WATERCOCOACODE OF CONDUCTCOMMERCIAL BANKCOMMERCIAL BANK LENDINGCOMMERCIAL FARMINGCOMMODITYCOMMODITY PRICECOMMUNICATION TECHNOLOGYCOMPETITION POLICYCOMPETITIVE MARKETSCOMPETITIVENESSCONSUMER PROTECTIONCONTINGENCY PLANSCOTTONCURRENCYCURRENT ACCOUNT BALANCEDAIRYDEMAND FOR FOODDEPOSITORYDERIVATIVES MARKETSDEVELOPING COUNTRYDEVELOPING COUNTRY MARKETSDISPOSABLE INCOMEDOMESTIC MARKETDOMESTIC PRICEEMERGING ECONOMIESEMERGING-MARKETENVIRONMENTAL BENEFITSEXCHANGE RATEEXCHANGE RATE MOVEMENTSEXPENDITUREEXPORTSEXTENSION SERVICESFAMINEFARMFARMER ORGANIZATIONSFARMERSFINANCIAL DERIVATIVESFINANCIAL INSTRUMENTSFINANCIAL MARKETFOOD CHAINSFOOD CONSUMPTIONFOOD CROPSFOOD EXPORTFOOD IMPORTSFOOD INSECURITYFOOD MARKETSFOOD POLICIESFOOD PRICEFOOD PRICE INFLATIONFOOD PRODUCTIONFOOD PRODUCTSFOOD RESERVESFOOD SAFETYFOOD SHORTAGEFOOD STOCKSFOOD SUPPLYFOODSFOODSTUFFFOREIGN DIRECT INVESTMENTFUTURE PRICEFUTURESGLOBAL DISSEMINATIONGLOBAL FOOD PRODUCTIONGLOBAL FOOD SECURITYGLOBAL MARKETGLOBAL OUTPUTGOVERNMENT BORROWINGGRAINSHARMONIZATIONHAZARDSHOUSEHOLDSHUMAN CAPITALIMPORT DUTIESIMPORT TARIFFSINCOMEINEFFICIENT MARKETINFLATIONINFORMATION SHARINGINFORMATION SYSTEMINPUT PRICESINSTITUTIONAL ENVIRONMENTINSURANCEINSURANCE MARKETSINTERNATIONAL AGRICULTURAL RESEARCHINTERNATIONAL COOPERATIONINTERNATIONAL MARKETSINTERNATIONAL TRADEINVENTORIESINVESTMENT DECISIONSJURISDICTIONSLIVESTOCKLIVESTOCK PRODUCTSLONG TERM FOOD SECURITYMAIZEMARKET ACCESSMARKET CONDITIONSMARKET DEMANDMARKET INFORMATIONMARKET LIQUIDITYMARKET MANIPULATIONMARKET PARTICIPANTSMARKET PRICEMARKET REGULATIONMARKET RISKMARKET SITUATIONMARKET STRUCTUREMARKET TRANSPARENCYMARKET VOLATILITYMARKETINGMEATMONOPOLIESPRICE CEILINGPRICE CHANGESPRICE DISCOVERYPRICE FLUCTUATIONSPRICE INCREASESPRICE INDEXPRICE INFLATIONPRICE LEVELPRICE LEVELSPRICE MOVEMENTPRICE RISKPRICE STABILIZATIONPRICE SUPPORTPRICE VARIATIONPRICE VOLATILITYPRIVATE INVESTMENTPROTEINPUBLIC FINANCESPURCHASINGPURCHASING POWERRATE OF GROWTHREGULATORSREGULATORY FRAMEWORKREGULATORY OVERSIGHTREGULATORY REGIMERESTAURANTSRETAILRICE PRICESRISK EXPOSURERISK MANAGEMENTRISK PREMIUMSAFETY ISSUESSAFETY NETSECURITY RISKSOYBEANSSPREADSTOCKSSUBSTITUTESSUGARSUGAR BEETSUGAR CANESUPPLIERSUPPLY CHAINSSUPPLY SHOCKSURPLUSTARIFF BARRIERSTECHNOLOGY TRANSFERTRADITIONAL INVESTORSTRANSACTIONS COSTSTRANSFER PRICEUNDERDEVELOPED MARKETSVEGETABLE OILSVOLATILITIESVOLUMEWAREHOUSESWFPWHEATWORLD FOOD PROGRAMMEWORLD MARKETWORLD PRICEWorking PaperWorld Bank10.1596/27379