ADVANCED SEARCH
SCENARIO
“The real challenge is to define new rules for those markets that cannot be governed by the approaches and instruments borrowed directly from the world of finance and capital.” International Monetary Fund.
According to the International Monetary Fund, the recent volatility of the agrifood markets had caused an increase in the prices of primary necessities that has created 100 million new poor. The increase in the world population, the recent access to consumer markets of parts of populations that had been excluded until now, the persistence of structural contrasts in worldwide income distribution, all point to the need to find concrete ways to guarantee food for everyone.
But alongside these medium/long-term trends that reflect current social and environmental changes, access to food is also regulated by the decrease on the markets of the prices of raw materials, that has called attention to the existence of serious problems within the operation of the mechanisms of access to natural resources, energy and food. From July 2005 to July 2008 the Commodity Food Price Index increased by 75%, then decreased by 33% in the five succeeding months, while the quotations of the price of grains increased by 128% from July 2005 to August 2008, followed by a decrease of 33% over the four succeeding months.
The goal is to regulate and guarantee access to the necessary, however scarce, resources, for a population that is gradually converging on new and higher levels of income, needs and demand.
DOCUMENTS
This area contains publications and additional information on the topic.
19/12/2011
Food prices and market volatility
Food prices and market volatility: the variables involved
Since the second half of 2010, market prices of agricultural commodities have started to grow very quickly: during the period between July 2010 and February 2011, the FAO Food Price Index rose by 38%, reaching a peak level higher than the one recorded during the 2008 food crisis. In 12 months, from June 2010 to June 2011, the price of cereals alone rose by 71%. In addition, there is an alarming increase in the volatility of prices, with rapid and very marked swings going up and down daily, even within the same session, which, of course, creates uncertainty and instability in the markets. Another worrying fact is the standard deviation, a measure of volatility, which in the last 5 years has more than doubled as compared to the pr evious 15 years (29.3 compared to 13.5).
17/06/2011
Food Security: Challenges and Outlook
New geopolitical and economic challenges
According to recent FAO estimates, today there are about 925 million people who suffer from hunger in the world. In 2010, this number dropped slightly by 98 million people, with respect to the past, representing a very positive trend. This is the result of a more favorable global economic situation and of the reduction of food prices vs. the 2008 peaks. In evaluating the situation over a longer time scale, it is not possible to disregard the major deterioration of the global scenario which has occurred over the last fifteen years. Out of a population of about 6.9 billion people, those who suffer from hunger account for 13.4%.























