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Price volatility in context of food security for sustainable development

Author

Listed:
  • Bogdan Bazga

    (Center of Study and Research for Agro-biodiversity (CSCBA), Institute of National Economy, Romania)

  • Iudith Ipate

    (Center of Study and Research for Agro-biodiversity (CSCBA), Institute of National Economy, Romania)

  • Nicolae Ipate

    (Center of Study and Research for Agro-biodiversity (CSCBA), Institute of National Economy, Romania)

Abstract

This article presents a series of interesting aspects regarding the price volatility, as component of food security in direct connection with the sustainable development. We will analyses and demonstrate all the factors that can influence the sustainable development and the connection between agriculture potential and the possibility of creating food security in our region. Sustainable development is a new type of human strategy that meets current needs, without compromising the ability of future generations to meet their own needs. This process incorporates immediate and long-term purposes, economic and environment problems, agro food potential and all these elements being in tight connection. Basic commodity prices are particularly volatile in the short term; sometimes they vary even more than 50% - 60% in one year. Clearly, this problem of the economy - lower commodity prices will lead to lower incomes for farmers and thus fewer jobs for workers in rural agro-industry.

Suggested Citation

  • Bogdan Bazga & Iudith Ipate & Nicolae Ipate, 2014. "Price volatility in context of food security for sustainable development," International Conference on Competitiveness of Agro-food and Environmental Economy Proceedings, The Bucharest University of Economic Studies, vol. 3, pages 198-204.
    • Handle: RePEc:aes:icafee:v:3:y:2014:p:198-204
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