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

Author

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  • FAO Economic and Social Development Department

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.

Suggested Citation

  • FAO Economic and Social Development Department, 2010. "Price Volatility in Agricultural Markets - Evidence, impact on food security and policy responses," FAO - Economic and Social Perspectives 12EN, Economic and Social Development Department of the Food and Agriculture Organization of the United Nations (FAO).
  • Handle: RePEc:fao:pbrief:12en
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    File URL: http://www.fao.org/economic/es-policybriefs/briefs-detail/en/?no_cache=1&uid=48900
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    More about this item

    Keywords

    rural development; hunger; food security; economic crisis; prices; agriculture;
    All these keywords.

    JEL classification:

    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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