Food price volatility and hunger alleviation-can Cannes work

Hajkowicz, Stefan, Negra, Christine, Barnett, Paul, Clark, Megan, Harch, Bronwyn, & Keating, Brian (2012) Food price volatility and hunger alleviation-can Cannes work. Agriculture & Food Security, 1(8).

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Recent years have seen global food prices rise and become more volatile. Price surges in 2008 and 2011 held devastating consequences for hundreds of millions of people and negatively impacted many more. Today one billion people are hungry. The issue is a high priority for many international agencies and national governments. At the Cannes Summit in November 2011, the G20 leaders agreed to implement five objectives aiming to mitigate food price volatility and protect vulnerable persons. To succeed, the global community must now translate these high level policy objectives into practical actions. In this paper, we describe challenges and unresolved dilemmas before the global community in implementing these five objectives. The paper describes recent food price volatility trends and an evaluation of possible causes. Special attention is given to climate change and water scarcity, which have the potential to impact food prices to a much greater extent in coming decades. We conclude the world needs an improved knowledge base and new analytical capabilities, developed in parallel with the implementation of practical policy actions, to manage food price volatility and reduce hunger and malnutrition. This requires major innovations and paradigm shifts by the global community.

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ID Code: 78556
Item Type: Journal Article
Refereed: Yes
Keywords: food price volatility, food security, Cannes
DOI: 10.1186/2048-7010-1-8
ISSN: 2048-7010
Divisions: Current > Institutes > Institute for Future Environments
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Copyright Owner: Copyright 2012 Hajkowicz et al.; licensee BioMed Central Ltd.
Copyright Statement: This is an Open Access article distributed under the terms of the Creative Commons Attribution License (, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Deposited On: 09 Jun 2015 03:49
Last Modified: 09 Jun 2015 21:58

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