Reflections on The Global Food Crisis

How Did It Happen? How Has It Hurt? And How Can We Prevent The Next One?

Date: 
July 27, 2009
Time: 
12:00-2:00 pm
Presenter(s): 
Derek Headey, IFPRI; Miguel Robles, IFPRI; Nicholas Minot, IFPRI
Contact/RSVP: 

Simone Hill-Lee (s.hill-lee@cgiar.org; Tel: 202.862.8107)

Location: 

International Food Policy Research Institute
2033 K Street, NW, Washington, DC
Fourth Floor Conference Facility

Abstract

This seminar consists of three presentations of new work on the global food crisis. Headey and Fan present an update of their earlier review of the causes and consequences of the food crisis, with new data and analysis of sources of demand growth, the impacts of export restrictions and panic purchases, supply response, and price trends in developing countries. Robles presents an econometric analysis of changes in food prices using monthly data to assess some of the major explanations of the crisis, including evidence on the role of speculation in financial markets. Minot examines the degree of price transmission from world food markets to domestic markets in nine countries of sub-Saharan Africa. The speakers will then take questions and comments from the floor.