Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 367041
Title Why are current world food prices so high? : a memo
Author(s) Banse, M.A.H.; Nowicki, P.L.; Meijl, H. van
Source Wageningen : LEI Wageningen UR (Report / LEI : International policy ) - 27
Department(s) LEI Internationaal Beleid
LEI INT BELEID - Landbouwbeleid
Publication type Research report
Publication year 2008
Keyword(s) agrarische economie - wereldmarkten - landbouwprijzen - voedselprijzen - voedselproductie - natuurlijke hulpbronnen - landbouwbeleid - marktprijzen - consumentenprijzen - goederenmarkten - basisproducten - aanbod - vraag - economische groei - populatiegroei - gewasproductie - marktstructuur - economische aspecten - biobased economy - agricultural economics - world markets - agricultural prices - food prices - food production - natural resources - agricultural policy - market prices - consumer prices - commodity markets - commodities - supply - demand - economic growth - population growth - crop production - market structure - economic aspects
Categories Agricultural Economics (General)
Abstract World agricultural prices are very volatile which is due to traditional characteristics of agricultural markets such as inelastic (short run) supply and demand curves. A combination of record low global inventory levels, weather induced supply side shocks, surging outside investor influence, record oil prices and structural changes in demand for grains and oilseeds due to biofuels have created the high prices. The question is whether it is a coincidence that the past and current high price levels coincide with high oil prices or whether other reasons for the current price peak are more important.
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