Download or read book Soaring Global Food Commodity Prices written by Ibrahim Onour and published by . This book was released on 2017 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyze volatility persistence in global prices of wheat, rice and corn using monthly price data for two sample periods, before and after the shock on global food commodity markets on November 2007. Our findings show evidence of structural change in price trend in the post-shock period indicated by upward shift in the mean of the commodity series. Evidence of mean shift imply permanent demand side effects on price levels of these commodities. The result of changing price swings (covariance non-stationary) invalidate constant variance option-based pricing of future contracts on these commodities. Furthermore, given price series are covariance non-stationary and returning to the series long term trend “attractor” may take long time, forecast of future trend require non-standard statistical tools.
Download or read book The World Food Situtation written by Joachim von Braun and published by Intl Food Policy Res Inst. This book was released on 2007 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world food situation is currently being rapidly redefined by new driving forces. Income growth, climate change, high energy prices, globalization, and urbanization are transforming food consumption, production, and markets. The influence of the private sector in the world food system, especially the leverage of food retailers, is also rapidly increasing. Changes in food availability, rising commodity prices, and new producer-consumer linkages have crucial implications for the livelihoods of poor and food-insecure people. Analyzing and interpreting recent trends and emerging challenges in the world food situation is essential in order to provide policymakers with the necessary information to mobilize adequate responses at the local, national, regional, and international levels. It is also critical for helping to appropriately adjust research agendas in agriculture, nutrition, and health. Not surprisingly, renewed global attention is being given to the role of agriculture and food in development policy, as can be seen from the World Bank's World Development Report, accelerated public action in African agriculture under the New Partnership for Africa's Development (NEPAD), and the Asian Development Bank's recent initiatives for more investment in agriculture, to name just a few examples.
Download or read book Why Have Food Commodity Prices Risen Again written by Ronald Trostle and published by DIANE Publishing. This book was released on 2011 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Between early June 2010 and February 2011, prices of food commodities increased sharply, surpassing the 2008 peaks that had spread anxiety among policymakers and low-income consumers around the world. Most of the long-term trends in agricultural production and consumption that contributed to the 2002-06 price increases and the 2007-08 price spike also contributed to the recent price surge. This report describes the factors that have contributed to the large and rapid increase in agricultural prices during the past year. It focuses particularly on food commodity prices¿which have risen 60 percent since June 2010. Charts and tables. This is a print on demand edition of an important, hard-to-find publication.
Download or read book Food Price Volatility and Its Implications for Food Security and Policy written by Matthias Kalkuhl and published by Springer. This book was released on 2016-04-12 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides fresh insights into concepts, methods and new research findings on the causes of excessive food price volatility. It also discusses the implications for food security and policy responses to mitigate excessive volatility. The approaches applied by the contributors range from on-the-ground surveys, to panel econometrics and innovative high-frequency time series analysis as well as computational economics methods. It offers policy analysts and decision-makers guidance on dealing with extreme volatility.
Download or read book The Price of Food written by Meredith N. Fisher and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: U.S. food prices never seem to decline. Higher farm commodity prices and energy costs are the leading factors behind higher food prices. Farm commodity prices have surged because (1) demand for corn for ethanol is competing with food and feed for acreage; (2) global food grain and oilseed supplies are low due to poor harvests; (3) the weak dollar has increased U.S. exports; (4) rising incomes in large, rapidly emerging economies have changed eating habits; and (5) input costs have increased. Higher energy costs increase transportation, processing, and retail costs. Although the cost of commodities such as corn or wheat are a small part of the final retail price of most food products, they have risen enough to have an impact on retail prices. Generally, price changes at the farm level have a diminished impact on retail prices, especially for highly processed products. The impact of higher food prices on U.S. households varies according to income. Lower-income households spend a greater portion of their income on food and feel price hikes more acutely than high-income families. Higher food costs impact domestic food assistance efforts in numerous ways depending on whether benefits are indexed, enrolments are limited, or additional funds are made available. Higher food and transportation costs also reduce the impact of U.S. contributions of food aid under current budget constraints.
Download or read book Global Agricultural Supply and Demand written by Ronald Trostle and published by DIANE Publishing. This book was released on 2010 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: World market prices for major food commodities such as grains and vegetable oils have risen sharply to historic highs of more than 60% above levels just 2 years ago. Many factors have contributed to the runup in food commodity prices. Some factors reflect trends of slower growth in production and more rapid growth in demand that have contributed to a tightening of world balances of grains and oilseeds over the last decade. Other factors include increased global demand for biofuels feedstocks and adverse weather conditions in 2006 and 2007 in some major grain- and oilseed-producing areas. This report discusses these and other factors and illustrates how they have contributed to food commodity price increases. Tables and graphs.
Download or read book Soaring Food Prices written by and published by . This book was released on 2008 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Soaring food grain prices in recent months have caused serious concern around the world. In Asia the estimated 1.2 billion poor people who spend on average 60% of their income on food have been hit hard. Food price inflation severely stresses the most vulnerable groups. High and rising food prices are threatening to reverse the gains in poverty reduction in the Asia and Pacific region, undermining the global fight against poverty. If high food prices persist, the Millennium Development Goal of halving poverty by 2015 could be jeopardized. This paper explains why food prices are rising and how ADB is responding to this crisis."-- provided by publisher.
Download or read book The Source of Food Price Swings and Their Effect on Developing Economies written by Thilo Trost and published by GRIN Verlag. This book was released on 2012-03 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scientific Essay from the year 2012 in the subject Economics - Monetary theory and policy, grade: 1,3, Zeppelin University Friedrichshafen, language: English, abstract: In the following short paper, I am going to evaluate the economic effects of food price swings on emerging and developing economies. In recent years, we witnessed enormous increases and volatilities in commodity and especially food prices. Concerns of starvation are therefore strengthening. These economies tend to have a high percentage of food in their standardized consumption basket, which means they spend more of their income on food in general. Since food is an essential good of living, the recent price developments over the past ten years are threatening the social stability of these economies as well as the well-being of their inhabitants. In contrast to developed economies, the population of these relatively "poor" economies is facing enormous problems feeding themselves and their children. This paper antends to give an answer to the extend of the pass-through effects of price increases to developing economies and the driving effects of those prices. In the first part of the paper I am going to give a short overview over recent price developments, then discuss the topic of influential factors on these prices, especially the extend which speculation has on aforementioned price in- and decreases. In the second part, I am going to eruate the pass-through effects of world food prices to developing economies as shown in the autumn study of the international monetary fund (hereinafter mentioned as IMF), namely what effect a 5% increase of food prices on international trade markets has on these economies, especially their output gap, and the foreign exchange value of the currency. The question to evaluate will not only be how price developments are created but also how they influence the economies and social stability of developing countries.
Download or read book The State of Agricultural Commodity Markets 2009 written by Food and Agriculture Organization of the United Nations and published by Fao. This book was released on 2009-06-30 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the first half of 2008, the world was facing the highest food price levels in 30 years and a global food insecurity crisis. Although international food prices have since fallen, they are still above the levels seen in recent years and are expected to remain so. FAO estimates that soaring food prices pushed another 115 million people into chronic hunger in 2007 and 2008, bringing the world total to nearly one billion hungry people. This report explains why food prices increased and the steps needed to ensure that high food prices become an opportunity for developing country farmers to help safeguard world food supplies at affordable prices. It focuses on the extent to which "new" explanations - biofuel demand, record oil prices and increasing food demand in China and India - can account for the sudden food price inflation as well as the role of traditional market drivers. It also explores why so few producers in developing countries responded by investing more and increasing production. The State of Agricultural Commodity Markets 2009 aims to bring to a wider public an accessible discussion of agricultural commodity market issues and policy matters. It seeks to provide an objective and straightforward treatment of economic issues for all those interested in agricultural commodity market developments and their impact on developing countries. Also published in Chinese, English, French, Russian and Spanish
Download or read book Thought for Food written by Nora Lustig and published by . This book was released on 2008 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: World food commodities prices increased 130 percent from January 2002 to July 2008. Individual agricultural commodities show even more pronounced increases: corn, wheat, rice and soybeans rose by 190, 162, 318 and 246 percent, respectively. Since July, food commodities prices began to fall. While this decline comes as a relief, prices are likely to stay high in the foreseeable future. Available evidence suggests that the decline in living standards of net consumers caused by higher food prices outweighs the benefits accruing to poor net sellers in the majority of countries that have been analyzed so far. The time to implement measures to help the poor net consumers cope with higher food prices is now. However, too many developing countries lack the instruments, administrative capacity and fiscal space to implement safety nets fast enough and in the required scale. This is one of the most pressing policy challenges that we face. For the poor who are net sellers, governments should seize the opportunity to convert the short-run windfall into longer-term gains. Multilateral financial institutions can play a key role in providing financial resources to countries facing negative terms of trade shocks, technical assistance in the design of safety nets and resources to add fiscal space to countries to fund safety net programs. International organizations can also help countries design the appropriate macroeconomic policy response. This will call for greater flexibility in the menu of policy options traditionally deployed by the Bretton Woods institutions.
Download or read book The State of Agricultural Commodities Markets 2009 written by Food and Agriculture Organization of the United Nations and published by Fao. This book was released on 2009 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: TheState of Agricultural Commodity Markets 2006 focuses on the question of why the development and food security needs of developing countries need to be better reflected in the design and implementation of new agreements on further liberalization of international agricultural markets, and on the mechanisms under discussion to achieve this goal. In the WTO Doha Development Round, how to safeguard the interests of enveloping countries, especially the lower-income countries, has proved to be highly topical but is also problematic: the issues and arguments are complex and sometimes controversial. The stalling of the Doha Round in July 2006 has provided an opportunity to revisit the issues of how future reductions in import tariffs on agricultural products will affect different developing countries, whether there might be any negative repercussions of further liberalization and, if so, how these might be addressed in the formulation of new trade rules.
Download or read book Variations in Pass through from Global Agricultural Commodity Prices to Domestic Food Inflation written by Daniel Hyun and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines factors that affect the transmission of fluctuations in global agricultural commodity prices to domestic food inflation. Using panel regressions on data from 53 advanced and emerging-market countries, we investigate how factors such as local crop production conditions, the extent of food industry development and the net agricultural trade status interact with global agricultural prices to affect pass-through to local food prices. Results show that pass-through varies significantly based on these factors. Pass-through decreases during better-than-normal crop conditions, highlighting the importance of local production. Countries with less-developed food industries experience higher pass-through, likely due to the greater importance of raw commodities in diets and less-complex supply chains. Interestingly, net exporters of agricultural commodities exhibit greater pass-through, potentially due to strategic trade adjustments that take advantage of global supply and demand dynamics. These variations in pass-through suggest potential avenues for managing food price inflation in response to shocks to global food prices under different scenarios.
Download or read book Why Have Food Commodity Prices Risen Again written by Ronald Trostle and published by . This book was released on 2012-06-14 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sharp increases and declines in agricultural commodities are not uncommon, with fi ve such periods over the past 40 years. Since June 2010, prices of food commodities (grains, oilseeds, vegetable oils, meat, seafood, sugar, and fruit) have risen sharply again. This increase is reminiscent of the 2007-08 price spike that spread anxiety among policymakers and low-income consumers around the world, particularly in developing countries dependent on imported food commodities.
Download or read book Forecasting Volatility in Global Food Commodity Prices written by Ibrahim Onour and published by . This book was released on 2011 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The State of Agricultural Commodity Markets 2009 written by Food and Agriculture Organization of the United Nations and published by Fao. This book was released on 2009-12-30 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the first half of 2008, the world was facing the highest food price levels in 30 years and a global food insecurity crisis. This report explains why food prices increased and the steps needed to ensure that high food prices become an opportunity for developing country farmers to help safeguard world food supplies at affordable prices.
Download or read book A Back of the Envelope Estimation of the Effect of Soaring Food Prices on World Hunger written by and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Food Inscecurity written by Sylvie Fröhlicher and published by . This book was released on 2011 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
