China's Role in the 2007-2008 Global Food Price Boom and Bust
The 2007-2008 agricultural commodity price boom was short-lived, just like past agricultural commodity price spikes. Grain prices doubled or even tripled from 2006 to 2008, while accompanying food prices rose sharply. But prices then fell steeply in the latter part of 2008. Some international agencies argued that the high prices in 2008 were going to persist for many years, partly because of growing food import demand in China and other parts of Asia. So this article investigates China's role in the 2007-2008 global food price boom and bust. We find that contrary to some claims, income, demand and trade growth in China cannot be blamed for the increase in global food prices in 2007-2008. In fact, in China, growth in meat consumption in the urban areas has slowed down since the 1990s and per capita urban meat consumption has been very constant since 2002. In the rural areas, per capita meat consumption has also stabilized in the last five years. China did not overreact to the 2007-2008 food price boom and one could even argue that strong government intervention in China's grain sector was a stabilizing factor in the world grain markets over the last two years. Copyright (c) 2009 The Authors. Journal compilation (c) The Agricultural Economics Society and the European Association of Agricultural Economists 2009.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 8 (2009)
Issue (Month): SpecialIssueChina (08)
|Contact details of provider:|| Web page: http://www.blackwellpublishing.com/journal.asp?ref=1478-0917|
More information through EDIRC
|Order Information:||Web: http://www.blackwellpublishing.com/subs.asp?ref=1478-0917|
When requesting a correction, please mention this item's handle: RePEc:bla:eurcho:v:8:y:2009:i:specialissuechina:p:17-23. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.