Study: Determinants for the level and volatility of agricultural commodity prices on international markets
With the world-wide explosion in prices for agricultural commodities and basic foodstuffs in the period 2007 to 2008 and the subsequent collapse in 2009 caused by the recession, an intensive discussion has begun on the possible negative consequences of high and volatile prices for world food security. Especially in countries that import foodstuffs, violent protests and revolts have erupted in this respect against the drastic inflation of food prices affecting, above all, the urban population. And the recurring price high in 2010/11, which with minor fluctuations is still on-going, has revived this discussion, meanwhile also triggering world-wide political reactions. Export restrictions have thus been imposed in many exporting developing and emerging countries, which has in principle intensified the price rise even further, at the expense of the importing nations.
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