Food security crisis
After decades of decline and a peak during the 2007-2008 food security crisis, international food prices fell again in late 2008 and 2009, whereas consumer prices of food commodities remained higher than historical levels with new price surges in the second part of 2010 and early 2011 and consequent changes in government policies.
Policy trends By collecting and analysing information for both short and long-term food and agriculture policy decisions, the authors analyze policy trends and government decisions from Oct. 2008 to mid 2010, to see whether policy swings were confirmed in the following years.
Policy responses are categorised into 3 groups: producer-oriented, consumer-oriented, and trade oriented policy decisions and have been further elaborated to accommodate long-term oriented decisions.
Concerns for food security stayed high during the period analyzed as it corresponded to the peak financial and economic crisis that had an impact at the micro and macro level. Reduced aid, investment flows and severe weather conditions in 2010 also impacted on key countries.
Policy monitoring A policy monitoring system was set up in response to the food security and financial crises so as to produce information on the implications of the shocks for stakeholders and on government measures to react to the crisis. See FAO’s Food and agriculture policy decision analysis tool» and FAPDA website»
Complementary resources During the 2008 high food prices, FAO observed and analysed more than 80 countries’ immediate short-term measures and responses in Country responses to the food security crisis: nature and preliminary implications of policies pursued.