Price Volatility in Food and Agricultural Markets : Policy Responses

The approach taken in this report reflects the view of the collaborating international organizations that price volatility and its effects on food security is a complex issue with many dimensions, agricultural and non-agricultural, short and long-t...

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Bibliographic Details
Main Authors:	FAO, IFAD, IMF, OECD, UNCTAD, WFP, World Bank, WTO, IFPRI, United Nations High Level Task Force on Global Food and Nutrition
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	ACREAGE AGRICULTURAL COMMODITY AGRICULTURAL COMMODITY MARKETS AGRICULTURAL DEVELOPMENT AGRICULTURAL GROWTH AGRICULTURAL MARKET AGRICULTURAL OUTPUT AGRICULTURAL PRICE AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTIVITY AGRICULTURAL PRODUCTS AGRICULTURAL RESEARCH AGRICULTURAL SECTOR AGRICULTURAL SECTORS AGRICULTURAL SYSTEM AGRICULTURAL TECHNOLOGY AGRICULTURE ANIMAL FEED ANIMAL PRODUCTS ARBITRAGE BANK GOVERNORS BARRIER BASIC FOODS BASIC NEEDS BEEF BUTTER CARBON EMISSIONS CENTRAL BANK CEREALS CLEAN WATER COCOA CODE OF CONDUCT COMMERCIAL BANK COMMERCIAL BANK LENDING COMMERCIAL FARMING COMMODITY COMMODITY PRICE COMMUNICATION TECHNOLOGY COMPETITION POLICY COMPETITIVE MARKETS COMPETITIVENESS CONSUMER PROTECTION CONTINGENCY PLANS COTTON CURRENCY CURRENT ACCOUNT BALANCE DAIRY DEMAND FOR FOOD DEPOSITORY DERIVATIVES MARKETS DEVELOPING COUNTRY DEVELOPING COUNTRY MARKETS DISPOSABLE INCOME DOMESTIC MARKET DOMESTIC PRICE EMERGING ECONOMIES EMERGING-MARKET ENVIRONMENTAL BENEFITS EXCHANGE RATE EXCHANGE RATE MOVEMENTS EXPENDITURE EXPORTS EXTENSION SERVICES FAMINE FARM FARMER ORGANIZATIONS FARMERS FINANCIAL DERIVATIVES FINANCIAL INSTRUMENTS FINANCIAL MARKET FOOD CHAINS FOOD CONSUMPTION FOOD CROPS FOOD EXPORT FOOD IMPORTS FOOD INSECURITY FOOD MARKETS FOOD POLICIES FOOD PRICE FOOD PRICE INFLATION FOOD PRODUCTION FOOD PRODUCTS FOOD RESERVES FOOD SAFETY FOOD SHORTAGE FOOD STOCKS FOOD SUPPLY FOODS FOODSTUFF FOREIGN DIRECT INVESTMENT FUTURE PRICE FUTURES GLOBAL DISSEMINATION GLOBAL FOOD PRODUCTION GLOBAL FOOD SECURITY GLOBAL MARKET GLOBAL OUTPUT GOVERNMENT BORROWING GRAINS HARMONIZATION HAZARDS HOUSEHOLDS HUMAN CAPITAL IMPORT DUTIES IMPORT TARIFFS INCOME INEFFICIENT MARKET INFLATION INFORMATION SHARING INFORMATION SYSTEM INPUT PRICES INSTITUTIONAL ENVIRONMENT INSURANCE INSURANCE MARKETS INTERNATIONAL AGRICULTURAL RESEARCH INTERNATIONAL COOPERATION INTERNATIONAL MARKETS INTERNATIONAL TRADE INVENTORIES INVESTMENT DECISIONS JURISDICTIONS LIVESTOCK LIVESTOCK PRODUCTS LONG TERM FOOD SECURITY MAIZE MARKET ACCESS MARKET CONDITIONS MARKET DEMAND MARKET INFORMATION MARKET LIQUIDITY MARKET MANIPULATION MARKET PARTICIPANTS MARKET PRICE MARKET REGULATION MARKET RISK MARKET SITUATION MARKET STRUCTURE MARKET TRANSPARENCY MARKET VOLATILITY MARKETING MEAT MONOPOLIES PRICE CEILING PRICE CHANGES PRICE DISCOVERY PRICE FLUCTUATIONS PRICE INCREASES PRICE INDEX PRICE INFLATION PRICE LEVEL PRICE LEVELS PRICE MOVEMENT PRICE RISK PRICE STABILIZATION PRICE SUPPORT PRICE VARIATION PRICE VOLATILITY PRIVATE INVESTMENT PROTEIN PUBLIC FINANCES PURCHASING PURCHASING POWER RATE OF GROWTH REGULATORS REGULATORY FRAMEWORK REGULATORY OVERSIGHT REGULATORY REGIME RESTAURANTS RETAIL RICE PRICES RISK EXPOSURE RISK MANAGEMENT RISK PREMIUM SAFETY ISSUES SAFETY NET SECURITY RISK SOYBEANS SPREAD STOCKS SUBSTITUTES SUGAR SUGAR BEET SUGAR CANE SUPPLIER SUPPLY CHAINS SUPPLY SHOCK SURPLUS TARIFF BARRIERS TECHNOLOGY TRANSFER TRADITIONAL INVESTORS TRANSACTIONS COSTS TRANSFER PRICE UNDERDEVELOPED MARKETS VEGETABLE OILS VOLATILITIES VOLUME WAREHOUSES WFP WHEAT WORLD FOOD PROGRAMME WORLD MARKET WORLD PRICE
Online Access:	http://documents.worldbank.org/curated/en/340261468323054148/Price-volatility-in-food-and-agricultural-markets-policy-responses http://hdl.handle.net/10986/27379

Description
Summary:	The approach taken in this report reflects the view of the collaborating international organizations that price volatility and its effects on food security is a complex issue with many dimensions, agricultural and non-agricultural, short and long-term, with highly differentiated impacts on consumers and producers in developed and developing countries. The report begins with a discussion of volatility and of the ways in which volatility affects countries, businesses, consumers and farmers. Lessons learned from recent experiences are briefly reviewed as well as the factors determining likely levels of volatility in future. This report offers suggestions for a systematic and internationally coordinated response building on the lessons learned as a result of the 2007-2008crisis. It is important to distinguish between policy options designed to prevent or reduce price volatility and those designed to mitigate its consequences. Both types of intervention are explored in detail. Scope is identified for actions at individual, national, regional and international level. Some would help to avert a threat; others are in the nature of contingency plans to improve readiness, while still others address long-term issues of resilience. Finally, the report explores mechanisms of international cooperation to implement this report's recommendations and to monitor progress.

Price Volatility in Food and Agricultural Markets : Policy Responses

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