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Why food price volatility doesn't matter amarcnn | July 13, 2011 at 2:19 pm | Tags: Christopher B. Barrett, Marc F. Bellemare | Categories: Africa, Aid, Economy, Environment | URL: http://wp.me/p1bJgh-27J

By Christopher B. Barrett and Marc F. Bellemare

At the end of 2010 and beginning of 2011, world food prices rose sharply, hitting an all-time high in February 2011. The spike arose from an unlucky combination of increased consumer demand due to rapid economic growth in emerging markets in Asia; the diversion of food crops toward biofuel production in the United States and elsewhere; poor harvests due to bad weather in key grain exporting zones such as Australia, Russia, and South America; and increased speculation in agricultural commodity markets, as investors fled a weak dollar. Read more of this post

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