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Why are food prices rising globally? Mritiunjoy Mohanty IIM Calcutta IEIM, UQAM.

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Presentation on theme: "Why are food prices rising globally? Mritiunjoy Mohanty IIM Calcutta IEIM, UQAM."— Presentation transcript:

1 Why are food prices rising globally? Mritiunjoy Mohanty IIM Calcutta IEIM, UQAM

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5 AFRICA Exceptional shortfall in aggregate food production/supplies Lesotho: Multiple year droughts until last season Somalia: Conflict, adverse weather Swaziland: Multiple year droughts until last season Zimbabwe: Deepening economic crisis, drought last season, recent floods

6 AFRICA Widespread lack of access Eritrea: IDPs, economic constraints Liberia: Post-conflict recovery period Mauritania: Several years of drought Sierra Leone: Post-conflict recovery period

7 AFRICA Severe localized food insecurity Burundi: Civil strife, IDPs and returnees Central African Republic: Refugees, insecurity in parts Chad: Refugees, conflict Congo: Democratic Republic of Civil strife, returnees Congo: Republic of IDPs Côte d'Ivoire: Civil strife Ethiopia: Insecurity in parts, localized crop failure Ghana: Drought and floods Guinea Refugees Guinea-Bissau: Localized insecurity Kenya: Civil strife, adverse weather Sudan: Civil strife Uganda: Civil strife in the north, localized crop failure

8 ASIA Exceptional shortfall in aggregate food production/supplies Iraq: Conflict and insecurity Widespread lack of access Afghanistan: Conflict and insecurity Korea, Dem. People's Rep.: of Economic constraints and effects of past floods Severe localized food insecurity Bangladesh: Past floods and cyclone, avian influenza China: Disastrous cold, ice and snow in the south Nepal: Poor market access, conflict and past floods Sri Lanka: Conflict and floods Tajikistan: Severe cold, floods/landslides, poor market access Timor-Leste: IDPs, past drought and floods Viet Nam: Cold spell in the north

9 LATIN AMERICA Severe localized food insecurity Bolivia: Floods Dominican: Republic Past floods Ecuador: Floods Haiti: Past floods Nicaragua: Past floods

10 According to the the International Monetary Fund comments that “although biofuels still account for only 1½ per cent of the global liquid fuels supply, they accounted for almost half of the increase in consumption of major food crops in , mostly because of corn-based ethanol produced in the US”.the International Monetary Fund comments

11 Demand Consumption Biofuels: susibdised Speculation

12 Supply Declining productivity Lack of investment – particularly public sector Land use patterns – moving out of food crops Competition from subsidised agriculture

13 Models: Large scale commecial farming Small scale family based farms Markets Sustainability: consumption and production Food-security


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