401. Food Price Inflation: Explanation and Policy Implications
- Author:
- Karen H. Johnson
- Publication Date:
- 07-2008
- Content Type:
- Working Paper
- Institution:
- Council on Foreign Relations
- Abstract:
- Increases in the prices for major food crops that are traded globally have reached extraordinary levels, sparking riots in some countries and becoming the focus of widespread debate and policy concern. During the current crop year, the price for wheat is nearly 90 percent above its average for the preceding five years, that for corn 60 percent, and that for rice more than 35 percent. At the June summit meeting of the UN's Food and Agricultural Organization in Rome, officials from around the world engaged in discussions of who or what is to blame.
- Political Geography:
- United Nations