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Volume 4 Issue 4, April 2023

Food price volatility

Recent increases in food prices have resulted from several factors, including adverse impacts on supply, increasing global demand and financial speculation. An additional threat to food security is posed by short-term price fluctuations, which generate investment uncertainty and pose serious risks to producers and consumers. The need to address price anomalies has been recognized in the 2030 Agenda for Sustainable Development. Price volatility’s detrimental effects are most pronounced in the developing world, where people have limited options to hedge against price uncertainty. Many countries respond to price hikes by adopting export restrictions and importing liberalization measures, but the announcement of trade policy changes can aggravate global price volatility even further — especially under low stock levels

See Brander et al. and Ivanic

Image: Anton Petrus / Moment / Getty (field tractor); Primeimages / iStock / Getty Plus / Getty (graph). Cover Design: Tulsi Voralia.

Editorial

  • The latest report from the Intergovernmental Panel on Climate Change reminds us that unless mitigation and adaptation measures are implemented at the required pace, their costs will rise while their effectiveness will fall. Food systems are at the centre of this debate, offering opportunities for both.

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Correspondence

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Research Highlights

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News & Views

  • The Russia–Ukraine conflict affected the price of staple crops and spurred interest in tropical wheat production. Regional consumption patterns and trade are better placed to guide effective and sustainable food security policy strategies.

    • David Laborde
    • Valeria Piñeiro
    News & Views
  • A scenario analysis reveals how changes in food production and consumption towards circularity could save natural resources in Europe — without compromising the provision of sufficient micronutrients and macronutrients for the continent’s population.

    • Vilma Sandström
    • Matti Kummu
    News & Views
  • Many countries respond to short-term price fluctuations by adopting export restrictions and importing liberalization measures. The mere announcement of trade policy changes can aggravate price volatility.

    • Maros Ivanic
    News & Views
  • Climate change has already impacted nitrogen use and crop production. Nitrogen and climate scientists have to work together to understand future agricultural nitrogen use and adapt nitrogen management in a changing climate.

    • Luis Lassaletta
    • Rasmus Einarsson
    • Miguel Quemada
    News & Views
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Reviews

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Research

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Amendments & Corrections

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Food for Thought

  • Foods that had relish were once highly desirable. That no longer seems to be true today, hinting at our changing tastes.

    • Charles Spence
    Food for Thought
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