Recent trends in food prices—higher levels and higher volatility—mirror trends predicted by a number of experts. Given the complex web of factors influencing global food security, governments of developed and developing countries, as well as international organizations, must use a comprehensive approach to prevent a food crisis reoccurrence. This comprehensive approach should comprise a number of initiatives and reforms; while some of these have been proposed before, their merits are even more relevant today and justify reprioritization and reallocation of national and international budgets. There are 7 main initiatives that governments and institutions should promptly implement.
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- Effective policies and technology investments to minimize food–fuel competition.
- Social protection, especially social safety nets, for the most vulnerable groups.
- Transparent, fair, and open global trade.
- A global emergency physical grain reserve.
- Policies and investments to promote agricultural growth, in particular smallholder productivity, in the face of climate change.
- Investments by national governments in climate change adaptation and mitigation using the full potential that agriculture offers.
- An international working group to regularly monitor the world food situation and trigger action to prevent excessive price volatility.