Wheat Price Volatility: Panic is Baseless and Hurts Poor People

Apparent similarities between today’s rising wheat prices and the food-price crisis of 2007-2008 are just that: apparent, not real. Suggestions to the contrary serve to drive up prices and hurt poor people, who spend much or most of their incomes on food. They need neither jittery markets nor ad hoc protectionism, which has exacerbated past food crises.

Contact

Abid Aslam, +1 202-862-4611, a.aslam@cgiar.org
Michael Rubinstein, +1 202-862-5670, m.rubinstein@cgiar.org
Skype: Michael.rubinstein1

Related Press Release: 
Related Staff: 
PreviewAttachmentSize
Press Statement131.53 KB