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Food price increases and net food importing countries: lessons from the recent past

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  • Francis Ng
  • M. Ataman Aksoy

Abstract

Recent increases in food and other commodity prices have highlighted concerns that many poor countries are net food importers and higher food prices would worsen their trade balances. In this article, we analyze the changes in food trade balances associated with the 32% increase in food prices from 2000/2001 to 2004/2005. We find a small deterioration in food trade balances of low‐income countries and an improvement in middle‐income countries. The deterioration is most severe for countries in conflict and small island states, so attention should be placed first on these countries and on a few very‐low‐income countries that are also vulnerable. Because low‐income countries as a group had much lower agricultural GDP growth rates than middle‐income countries, the answers to food vulnerability in low‐income countries should probably be addressed within the context of incentives for agricultural production.

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  • Francis Ng & M. Ataman Aksoy, 2008. "Food price increases and net food importing countries: lessons from the recent past," Agricultural Economics, International Association of Agricultural Economists, vol. 39(s1), pages 443-452, November.
    • Handle: RePEc:bla:agecon:v:39:y:2008:i:s1:p:443-452
    DOI: 10.1111/j.1574-0862.2008.00350.x
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    References listed on IDEAS

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    1. McCalla, Alex F., 2001. "What the Developing Countries Want from the WTO," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 2(1), pages 1-13.
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    Cited by:

    1. Douillet, Mathilde, 2011. "Which trade integration scheme can best help Sub-Saharan Africa develop and export more processed agricultural goods?:," IFPRI discussion papers 1119, International Food Policy Research Institute (IFPRI).
    2. Dimova, Ralitza & Gbakou, Monnet, 2013. "The Global Food Crisis: Disaster, Opportunity or Non-event? Household Level Evidence from Côte d’Ivoire," World Development, Elsevier, vol. 46(C), pages 185-196.
    3. Alexandros SARRIS, 2014. "Options for Developing Countries to Deal with Global Food Commodity Market Volatility," Working Papers P98, FERDI.
    4. Douillet, Mathilde, 2012. "Trade policy reforms in the new agricultural context: Is regional integration a priority for Sub-Saharan African countries agricultural-led industrialization? Insights from a global computable general," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126546, International Association of Agricultural Economists.
    5. Alexandros Sarris, 2014. "Trade, food and welfare," Chapters, in: Raghbendra Jha & Raghav Gaiha & Anil B. Deolalikar (ed.), Handbook on Food, chapter 13, pages 325-352, Edward Elgar Publishing.
    6. Ralitza Dimova, 2015. "The welfare impact of rising food prices," IZA World of Labor, Institute of Labor Economics (IZA), pages 135-135, March.
    7. Joe Weinberg & Ryan Bakker, 2015. "Let them eat cake: Food prices, domestic policy and social unrest," Conflict Management and Peace Science, Peace Science Society (International), vol. 32(3), pages 309-326, July.
    8. Verpoorten, Marijke & Arora, Abhimanyu, 2011. "Food Prices, Social Unrest and the Facebook Generation," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114230, European Association of Agricultural Economists.
    9. Roshini Brizmohun, 2019. "Impact of climate change on food security of small islands: The case of Mauritius," Natural Resources Forum, Blackwell Publishing, vol. 43(3), pages 154-163, August.
    10. Alexandros SARRIS, 2014. "Options for Developing Countries to Deal with Global Food Commodity Market Volatility," Working Papers P98, FERDI.

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