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World food markets into the 21st century: commodity risk management policies

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  • Duncan, Ronald C.

Abstract

Recent concerns about future global food production seem poorly based. The rapid phase of growth in food consumption is over for most of the world's population because of increased incomes and, besides, population growth rates continue to slow. Thus, the rate of growth of food production needed in the future is much lower than it has been for the past 40 years. Production and price instability will continue, perhaps with lessened intensity because of reduced government intervention. With private agricultural interests now facing greater exposure to price and production risks, especially in developing countries, there needs to be greater emphasis on financial market instruments for managing these risks.

Suggested Citation

  • Duncan, Ronald C., 1997. "World food markets into the 21st century: commodity risk management policies," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 41(3), pages 1-15.
    • Handle: RePEc:ags:aareaj:118056
    DOI: 10.22004/ag.econ.118056
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    References listed on IDEAS

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    1. Mitchell,Donald O. & Ingco,Merlinda D. & Duncan,Ronald C., 1997. "The World Food Outlook," Cambridge Books, Cambridge University Press, number 9780521589840, December.
    2. Tyers, Rod, 1994. "Economic reform in Europe and the former Soviet Union: implications for international food markets," Research reports 99, International Food Policy Research Institute (IFPRI).
    3. Sachs, J-D & Warner, A-M, 1995. "Natural Resource Abundance and Economic Growth," Papers 517a, Harvard - Institute for International Development.
    4. Agcaoili-Sombilla, Mercedita C. & Perez, Nicostrato D. & Rosegrant, Mark W., 1995. "Global food projections to 2020: implications for investment," 2020 vision discussion papers 5, International Food Policy Research Institute (IFPRI).
    5. Islam, Nurul & Thomas, Saji, 1996. "Foodgrain price stabilization in developing countries: Issues and experiences in Asia," Food policy reviews 3, International Food Policy Research Institute (IFPRI).
    6. Johnson, D. Gale, 1997. "On the resurgent population and food debate," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 41(01), pages 1-17.
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    2. Boussard, J.M. & Gérard, F. & Piketty, M.G. & Christensen, A.K. & Voituriez, T., 2002. "Agricultural trade liberalization in a world of uncertainty: Discussion of the results of a world CGE model," Conference papers 331027, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    3. Anderson, Jock R., 2003. "Risk in rural development: challenges for managers and policy makers," Agricultural Systems, Elsevier, vol. 75(2-3), pages 161-197.

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