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Why Another Food Commodity Price Spike?

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  • Trostle, Ronald

Abstract

Large and rapid increases have occurred for many food commodity prices during 2010-11. Long-term production and consumption trends underlay rising food commodity prices, but worldwide production shortfalls and changes in trade policies and practices in a number of countries sparked the sharp surge in prices after June 2010. Many of the long-term trends and short-run shocks contributing to the current price surge also played a role in previous price spikes.

Suggested Citation

  • Trostle, Ronald, 2011. "Why Another Food Commodity Price Spike?," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, pages 1-7.
    • Handle: RePEc:ags:uersaw:120970
    DOI: 10.22004/ag.econ.120970
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    Cited by:

    1. Walters, Lurleen M. & Jones, Keithly G., 2012. "Caribbean Food Import Demand: Influence of the Changing Dynamics of the Caribbean Economy," 2012 Annual Meeting, February 4-7, 2012, Birmingham, Alabama 119724, Southern Agricultural Economics Association.
    2. Sampson, Gabriel S. & Hendricks, Nathan P. & Taylor, Mykel R., 2019. "Land market valuation of groundwater," Resource and Energy Economics, Elsevier, vol. 58(C).
    3. Choi, Hyung Sik & Schneider, Uwe A. & Rasche, Livia & Cui, Junbo & Schmid, Erwin & Held, Hermann, 2015. "Potential effects of perfect seasonal climate forecasting on agricultural markets, welfare and land use: A case study of Spain," Agricultural Systems, Elsevier, vol. 133(C), pages 177-189.
    4. Sampson, Gabriel & Hendricks, Nathan P. & Taylor, Mykel R., 2018. "Land Market Valuation of Groundwater Availability," 2018 Annual Meeting, August 5-7, Washington, D.C. 274320, Agricultural and Applied Economics Association.
    5. Kingwell, Ross & Marie Jeanne, Rose & Hailu, Atakelty, 2016. "A longitudinal analysis of some Australian broadacre farms' greenhouse gas emissions, farming systems and efficiency of production," Agricultural Systems, Elsevier, vol. 146(C), pages 120-128.

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    Keywords

    Demand and Price Analysis;

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