Actions to Address Food Price Volatility
Increasing food price volatility in the wake of the 2007-08 food crisis has raised serious concerns around the world because of its impact on the poor. When the G20 agriculture ministers convene in Paris in June, discussions on how to combat excessive commodity price volatility and address poor people’s food security will be at the top of their agenda. These critical issues will also be a top priority during the Cannes summit in November. In both cases, evidence-based policy solutions will be fundamental to informing the agendas.
This seminar will bring together three leading experts, who will share their perspectives on actions needed to address food price volatility. Charlotte Hebebrand, Chief Executive of the International Food & Agricultural Trade Policy Council, will discuss the role of trade policies in reducing food price volatility. Peter Timmer, Professor Emeritus, Harvard University, will discuss the successes and challenges of the ASEAN rice emergency reserve, as well as other measures for preventing agricultural commodity price volatility. Rob Townsend, Senior Economist, World Bank Agriculture and Rural Development Department, will discuss the instruments and innovations that international development agencies can bring to bear to help developing countries and poor people deal with price volatility. Shenggen Fan, Director General of IFPRI, will chair and conclude the seminar with a proposed road map for G20 deliberations.