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DocumentFood Prices and Food Security in Trinidad and Tobago 2007
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No results found.The economy of Trinidad and Tobago is booming, in particular as a consequence of increased energy production and the historical high oil prices. Whilst general inflation has remained relatively low for much of the present economic boom, substantial increases in retail food prices have been observed, in particular since 2005. This paper looks at the development of retail food prices, its causes, the potential impact thereof in terms of food security and possible policy options for addressing this . It concludes that whilst households with low income are the groups most affected by the food price increases and will continue to be so in the wake of increasing international prices, it is unlikely that the price increases in isolation will throw off Trinidad and Tobago’s path towards meeting the MDG 1 hunger target and bringing the share of undernourished people down to 6.5% by 2015. However, food security problems will remain, in particular related to overweight and obesity caused by unbala nced diets. Analysing the food marketing systems according to domestic production system (export versus domestic consumption), product type (fresh versus frozen and processed) and origins (imported versus domestic), the paper identifies potential causes of price increases. These include increases in price margins, international price changes and market conditions that vary greatly for different commodities, ranging from competitive to oligopolistic. Finally, the paper identifies areas of potent ial interventions related to direct price interventions, social protection, agricultural investment and trade facilitation. -
DocumentFood and agriculture policy decisions - Trends, emerging issues and policy alignments since the 2007/08 food security crisis 2013
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No results found.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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