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FAO and Food Price Volatility<br />
Mustapha SINACEUR<br />
Sub-regional Office Coordinator for Central Asia,<br />
UN Food and Agriculture Organization (FAO)<br />
The FAO World Food Day theme this year, “Food prices: from<br />
crisis to stability” has been selected to focus on a trend which<br />
has an impact on universal food security.<br />
The world today faces continuing concerns about high food prices<br />
and food security. The last year has been marked by a continuation<br />
of the extreme swings in food prices seen since 2006. A few months<br />
of calm came to an abrupt end last year when from July onwards<br />
unfavourable weather hit crops in major producing countries. By the<br />
end of the year grains prices soared to what they were at the peak of<br />
the 2008 food crisis.<br />
Those high prices in 2008 pushed an additional 80 million people into<br />
hunger, increasing the number of hungry and malnourished to almost<br />
one billion. That is around one seventh of the world’s population.<br />
Volatility in food prices challenges the fundamental human right to<br />
adequate food. High and volatile prices not only increase, but also<br />
Uluslararası <strong>Ekonomik</strong> <strong>Sorunlar</strong><br />
Kasım 2011 • Yıl: 11 • Sayı: 43<br />
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