This blog is derived from the Executive summary of the state of food insecurity in the world of the FAO, UN. With the courtesy of the FAO report, 2011. (http://www.fao.org/news/story/en/item/92495/icode/?)
The food and economic crises of recent years are challenging our efforts to achieve the Millennium Development Goal of reducing the proportion of people who suffer from hunger by half by 2015. This edition of The State of Food Insecurity in the World focuses on food price volatility and high food prices, which are likely to continue in the years ahead. Indeed, the Group of Twenty (G20) Finance Ministers and Central Bank Governors have become actively engaged in finding cost-effective ways to reduce price volatility and mitigate its effects when it does occur. By using previously unavailable data sources and studies, this report goes beyond the global-scale analyses to find out what happened in the domestic markets where poor people buy and sell their food in order to draw policy-relevant lessons from the world food crisis of 2006–08.
The report emphasizes that the impact of world price changes on household food security and nutrition is highly context-specific. The impact depends on the commodity, the national policies that affect price transmission from world markets to domestic markets, the demographic and production characteristics of different households, and a range of other factors. This diversity of impact both within and between countries points to a need for improved data and analysis so that the government can implement more effective policies. Better and more predictable policies can not only reduce unwanted side-effects on other countries but can simultaneously reduce food insecurity and domestic price volatility at home.
KEY MESSAGES OF THE REPORT
And other details of the executive summary are available in the link below.