Publication

This paper examines the causes of rising food prices, expected trends, the likely impact and possible policy responses. The authors highlight the fact that food prices have been rising since 2000, spiked in early 2008, and may remain high for another 10 years. They argue that prompt action is needed to protect the poorest and support low-income countries faced with surging import bills. They acknowledge that, in the medium term, economic and agricultural growth can offset the damage, but insist that more determined efforts are required to boost food production.