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The State of Food Insecurity in the World 2011: How does international price volatility affect domestic economies and food security?

Author: Food and Agriculture Organization of the United Nations
Organisation: Food and Agriculture Organization of the United Nations
Publish Date: 2011
Country: Global
Sector: Agriculture
Method: Expert panels
Theme: Food
Type: Report
Language: English
Tags: Food crisis, Climate change, Price volatility, Policy options

The report focuses on the costs of food price volatility, as well as the dangers and opportunities presented by high food prices. Climate change and an increased frequency of weather shocks, increased linkages between energy and agricultural markets due to growing demand for biofuels, and increased ļ¬nancialization of food and agricultural commodities all suggest that price volatility is here to stay. The report describes the effects of price volatility on food security and presents policy options to reduce volatility in a cost-effective manner and to manage it when it cannot be avoided. It will be important to provide improved market information, create gender-sensitive safety nets that are designed in advance and can be implemented quickly in times of crisis, and invest in agriculture for the long-term to make it more productive and resilient to shocks.
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