FAC Commercialisation theme convenor Steve Wiggins is quoted in an IRIN article considering the outlook for global food security in 2013.
After the 2012 drought affecting the USA, maize prices fell slightly, but from a relatively high position. Cereal prices have declined by a modest 2.4 percent, largely the result of lower demand as economies stagnate, the Food and Agriculture Organization (FAO) reported in early January 2013. But we are already in an era of high prices.
- Full article: Will there be a global food crisis in 2013? (IRIN Global, 16 January 2013)
- Food price volatility and financial speculation – FAC Working Paper 47 (pdf)
- Blog: Why we should worry about speculation in food markets by Stephen Spratt
Photo: Ethiopian Market Seller, from breadfortheworld’s photostream on Flickr