It is becoming increasingly apparent that the post-2004, across-the-board, commodity price increases, which initially appeared to be a spike similar to the ones experienced during the early 1950s (Korean War) and the 1970s (oil crises), have a more permanent character. From 1997-2004 to 2005-12 nominal prices of energy, fertilizers, and precious metals tripled, metal prices went up by more than 150 percent, and most food prices doubled. Such price...
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2013/05/01
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Documento de trabalho sobre pesquisa de políticas
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WPS6455
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1
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1
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2013/05/01
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Disclosed
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Long-term drivers of food prices
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food price
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