Food Price Increases and Net Food Importing Countries : Lessons from the Recent Past

Recent increases in food and other commodity prices have highlighted concerns that many poor countries are net food importers and higher food prices would worsen their trade balances. In this article, we analyze the changes in food trade balances associated with the 32% increase in food prices from...

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Main Authors:	Ng, Francis, Aksoy, M. Ataman
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Country and Industry Studies of Trade F140 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 International Linkages to Development Role of International Organizations O190 Agriculture: Aggregate Supply and Demand Analysis Prices Q110 Agriculture in International Trade Q170
Online Access:	http://hdl.handle.net/10986/4808

id	okr-10986-4808
recordtype	oai_dc
spelling	okr-10986-48082021-04-23T14:02:19Z Food Price Increases and Net Food Importing Countries : Lessons from the Recent Past Ng, Francis Aksoy, M. Ataman Country and Industry Studies of Trade F140 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 International Linkages to Development Role of International Organizations O190 Agriculture: Aggregate Supply and Demand Analysis Prices Q110 Agriculture in International Trade Q170 Recent increases in food and other commodity prices have highlighted concerns that many poor countries are net food importers and higher food prices would worsen their trade balances. In this article, we analyze the changes in food trade balances associated with the 32% increase in food prices from 2000/2001 to 2004/2005. We find a small deterioration in food trade balances of low-income countries and an improvement in middle-income countries. The deterioration is most severe for countries in conflict and small island states, so attention should be placed first on these countries and on a few very-low-income countries that are also vulnerable. Because low-income countries as a group had much lower agricultural GDP growth rates than middle-income countries, the answers to food vulnerability in low-income countries should probably be addressed within the context of incentives for agricultural production. 2012-03-30T07:29:50Z 2012-03-30T07:29:50Z 2008 Journal Article Agricultural Economics 01695150 http://hdl.handle.net/10986/4808 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Country and Industry Studies of Trade F140 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 International Linkages to Development Role of International Organizations O190 Agriculture: Aggregate Supply and Demand Analysis Prices Q110 Agriculture in International Trade Q170
spellingShingle	Country and Industry Studies of Trade F140 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 International Linkages to Development Role of International Organizations O190 Agriculture: Aggregate Supply and Demand Analysis Prices Q110 Agriculture in International Trade Q170 Ng, Francis Aksoy, M. Ataman Food Price Increases and Net Food Importing Countries : Lessons from the Recent Past
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	Recent increases in food and other commodity prices have highlighted concerns that many poor countries are net food importers and higher food prices would worsen their trade balances. In this article, we analyze the changes in food trade balances associated with the 32% increase in food prices from 2000/2001 to 2004/2005. We find a small deterioration in food trade balances of low-income countries and an improvement in middle-income countries. The deterioration is most severe for countries in conflict and small island states, so attention should be placed first on these countries and on a few very-low-income countries that are also vulnerable. Because low-income countries as a group had much lower agricultural GDP growth rates than middle-income countries, the answers to food vulnerability in low-income countries should probably be addressed within the context of incentives for agricultural production.
format	Journal Article
author	Ng, Francis Aksoy, M. Ataman
author_facet	Ng, Francis Aksoy, M. Ataman
author_sort	Ng, Francis
title	Food Price Increases and Net Food Importing Countries : Lessons from the Recent Past
title_short	Food Price Increases and Net Food Importing Countries : Lessons from the Recent Past
title_full	Food Price Increases and Net Food Importing Countries : Lessons from the Recent Past
title_fullStr	Food Price Increases and Net Food Importing Countries : Lessons from the Recent Past
title_full_unstemmed	Food Price Increases and Net Food Importing Countries : Lessons from the Recent Past
title_sort	food price increases and net food importing countries : lessons from the recent past
publishDate	2012
url	http://hdl.handle.net/10986/4808
_version_	1764392838791954432

Food Price Increases and Net Food Importing Countries : Lessons from the Recent Past

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