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ENG
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Global food price crisis : trade policy origins and options – 05.09.2008The current spike in global food prices has deep roots in decades of trade distorting policies that have encouraged inefficient agricultural production in rich countries and discouraged efficient production in developing countries. High-income countries have historically protected their domestic producers and subsidized inefficient production most recently biofuels and dumped surpluses onto global markets. In turn, developing countries have often used trade and other domestic policies to simultaneously tax and protect their agricultural sector, with the net effect in many countries of taxing farmers. Overall, the world has suffered from declining agricultural prices, overproduction in high-income countries, and underproduction in poor countries. This has resulted in thinner global agricultural markets than otherwise would be the case, more volatility, and lower overall reserve supply capacity and food security. A first section of this note discusses the trade policy origins of the global food price crisis and a second section reviews trade policy options to deal with the crisis. www.worldbank.org
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Announcements
23.02.2012
Workshop: “Accessing the EU Biofuels Market: How to Meet the EU Sustainability Criteria for Biomass”
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16.02.2012
III. International conference "Commercial Horticulture in Ukraine",
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07.02.2012
III. Dutch-Ukrainian Agribusiness Forum: Potato Production in Ukraine: Growing, harvesting, storage and handling
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