Food price volatility

The high food prices experienced over recent years have led to the widespread view that food price volatility has increased. However, volatility has generally been lower over the two most recent decades than previously. Variability over the most recent period has been high but, with the important ex...

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Bibliographic Details
Published in:Philosophical transactions of the Royal Society of London. Series B. Biological sciences 2010-09, Vol.365 (1554), p.3023-3034
Main Authors: Gilbert, C. L., Morgan, C. W.
Format: Article
Language:English
Subjects:
Climate Change
Commerce - economics
Commerce - trends
Commodities
Consumer economics
Consumer prices
Food
Food - economics
Food demand
Food security
Grains
Humans
Market prices
Price volatility
Review
Rice
Volatility
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Summary:The high food prices experienced over recent years have led to the widespread view that food price volatility has increased. However, volatility has generally been lower over the two most recent decades than previously. Variability over the most recent period has been high but, with the important exception of rice, not out of line with historical experience. There is weak evidence that grains price volatility more generally may be increasing but it is too early to say.
ISSN:0962-8436
1471-2970
DOI:10.1098/rstb.2010.0139