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The State of Agricultural Commodity Markets 2009 aims to bring to a wider public an accessible discussion of agricultural commodity market issues and related policy matters. Although the findings and conclusions presented rely on recent technical analyses by FAO specialists in commodity and trade issues, this is not an overly technical report. Rather, it seeks to provide an objective and straightforward treatment of what are at times complicated economic issues for policy-makers, commodity market observers and all those interested in agricultural commodity market developments and their impact on developing countries.

The report intends to examine the short-term measures adopted by some 81 countries and is intended for policy makers and analysts.    Prices of staple foods, such as rice and vegetable oil, have doubled between January and May 2008. High food prices together with record petroleum and fertilizer prices have spurred inflation. Poorer households with a larger share of food in their total expenditures are suffering the most from high food prices, due to the erosion of purchasing power, which has a  negative impact on food security, nutrition and access to school and health services. Higher prices also result in [...]

After sketching the mutual links between economic growth, agriculture, technology, poverty reduction and external factors, this paper analyses the implications of recent international price shocks on welfare and growth, notably energy and agricultural products, for Burkina Faso, a less industrialised, low-income, food-deficit, net oil-importing country. The socio-economic impacts of the above-mentioned external shocks are analysed by means of a Computable General Equilibrium model (CGE). The paper also discusses the extent to which technological changes in agriculture, specifically the introduction of “Good Agricultural Practices” (GAP) towards “conservation agriculture”, could mitigate the welfare and growth losses derived by international price shocks.  Additionally, it is shown [...]

This applied work intends to examine the short-term measures adopted by some 81 countries and is intended for policy makers and analysts. Prices of staple foods, such as rice and vegetable oil, have doubled between January and May 2008. High food prices together with record petroleum and fertilizer prices have spurred inflation. Poorer households with a larger share of food in their total expenditures are suffering the most from high food prices, due to the erosion of purchasing power, which has a negative impact on food security, nutrition and access to school and health services. Higher prices also result in pressure [...]

This issue paper aims at introducing selected analytical approaches for quantitative analysis of the socio-economic impacts of policies. In the first part of the document, after considering a set of basic questions that a quantitative policy impact analysis has usually to address in order to be useful for informing decision-making processes; some definitions and insights on policy-relevant elements such as policy objectives, policy instruments and impact models are provided. The document then briefly describes the use of counterfactual analysis for socio-economic policy impact analysis. The second part of the work focuses on the review of selected quantitative analytical approaches frequently applied [...]

Agricultural Development Policy: Concepts and Experiences, prepared under the aegis of the Food and Agriculture Organization of the United Nations (FAO), presents a fresh and comprehensive look at agricultural development policy. It provides a clear, systematic review of important classes of policy issues in developing countries and discusses the emerging international consensus on viable approaches to those issues. The text is unique in its coverage and depth, and it Cites policy experiences and applied studies in eighty countries. Develops the conceptual foundations for policies. Illustrates policies that have worked and those that have not, with explanations of why. Summarises hundreds [...]