Food security

Times they are a changing at the FAO

I'm writing from Rome, a beautiful city despite the cars. I'm attending the FAO's Committee on World Food Security, a once relatively sleepy piece of the sprawling UN system that last year was given a significant boost by a thorough revamp. Listening to the governments negotiate, agonizing over words (to launch or to discuss? To endorse or to notice?

Who benefits from volatility?

By nearly all accounts, agriculture prices worldwide have entered a new era of volatility. Earlier this year, wheat prices shot up an additional $3 a bushel over two months due in large part to concerns around a wheat export ban in Russia.

Food Reserves In Practice

Growing government interest and support for food reserves has been evident in various international forums of late. At the same time, policymakers have been slow to act, reluctant to move away from twenty or more years of economic orthodoxy that has insisted supply shocks are best resolved through international trade alone.

Why We Need Food Reserves

The recent food price crisis had devastating consequences for world hunger. During the peak of the crisis, from March 2007 to March 2008, the global price of rice increased 74 percent (most of that in a few weeks); the price of wheat more than doubled, rising 130 percent during the same period.