Yet the current situation differs from 2007-2008 in critical respects. First, recent international price increases are more widespread across agricultural commodities than in 2008, when price spikes were led by few grains such as wheat and rice. Second, natural resources are affecting food production: land and water constraints are more binding than in the past and weather induced production shortfalls are more of a factor now than it was 2008. Climate...
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2014/01/01
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Documento de Trabalho
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87932
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1
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1
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2014/05/08
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Disclosed
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High food prices, LAC responses to a new normal
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food price
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