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The 2007-08 Rice Price Crisis

How policies drove up prices... and how they can help stabilise the market







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    Document
    Food and agriculture policy decisions - Trends, emerging issues and policy alignments since the 2007/08 food security crisis 2013
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    The report reviews a broad range of food security and agricultural development policy decisions implemented over the period 2007 to 2012 in more than 70 countries in Asia, Africa, Latin America and the Caribbean. Selected policy decisions were analysed following FAPDA’s classification, dividing policy decisions into three main categories: producer-oriented policies, consumer-oriented policies, as well as trade-oriented and macroeconomic policies. Policy decisions reviewed included those most deb ated and most frequently implemented since the 2007/08 food price crisis. The report finds that the initial responses to the crisis tended to address immediate food security concerns with short-term, ad-hoc measures. Over the following years however, policy decisions reflected a more long-term and institutionalized approach. Governments are gradually moving from universal subsidies for food and fuel towards more targeted interventions to reach vulnerable and food insecure households. Moreo ver, a growing number of countries have shifted from short-term, ad-hoc cash or food-based interventions towards mainstreaming and institutionalizing social safety net programmes. The initial trade response was to ban or restrict exports and increase imports in efforts to achieve domestic food availability, measures which have since relaxed in support of producers. Also, Countries are increasingly establishing public food reserves to protect domestic supply in times of crisis. We also see a high degree of policy integration at the national level. However, protective trade policies at national levels have contradicted the efforts of regional food security and policy harmonization advocated by many regional economic communities.
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    Book (stand-alone)
    The rice crisis
    Markets, policies and food security
    2010
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    In the context of the 2007-08 rise in world food prices, this book examines how government policies caused and responded to soaring prices in the case of rice, the world’s most important source of calories for the poor. Case studies of policy reactions in different countries provide the understanding necessary to evaluate the impact of trade policy on the food security of poor farmers and consumers. They also provide important insights into the concerns of developing countries that are relevant for future international trade negotiations in key agricultural commodities. As a result, more appropriate policies can be put in place to ensure more stable food supplies in the future.
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    Book (stand-alone)
    Proceedings of the Fiji/FAO 1997 Asia Pacific Sugar Conference
    Fiji, 29-31 October 1997
    1998
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    -------------------------------------------------------------------------------- FOREWORD -------------------------------------------------------------------------------- This publication contains the proceedings of the International Sugar Conference held in Fiji from 29 to 31 October 1997. The Conference was jointly organised by the Government of Fiji and the Food and Agriculture Organization of the United Nations (FAO). The Conference addressed "Policy issues for Asia a nd the Pacific in the Next Round of Mulitlateral Negotiations." The theoretical outlook, framework and analysis, and background documentation to these issues were prepared by the Sugar and Beverage Group of the Raw Materials, Tropical and Horticultural Products Service, Commodities and Trade Division, FAO. These were published as Conference papers, covering a range of issues and included country studies for the major regional producers and consumers; the quantitative outlook to 2005; the impact of trade liberalisation on the world sugar market; and a discussion on the nurtitional aspects of sugar. Papers were also prepared and presented by internationally renowned speakers from the world sugar trade (Tote and Lyle - Australia; Sparks - United States; Siel Limited - India); grower and miller organizations (the Philippine Sugar Millers Association; the Thai Roong Ruang Group and the Australian Sugar Milling Council); government institutions (USDA and the Queensland Sugar Corporatio n) and other international organizations (World Bank and International Sugar Organization). The keynote addresses were given by the Honourable Mr Militoni Leweniqila, the Fiji Minister for Agriculture, Forestry, Fisheries and ALTA, and Mr J.N. Greenfield, the Director of the Commodities and Trade Division, who also summed up the proceedings.

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