This report, written by the High Level Panel of Experts on Food Security and Nutrition, and commissioned by the UN Committee on Food Security (CFS), sets out to explore different causes and consequences of food price volatility, including how vulnerable populations can ensure access to food in times of food insecurity.

The report is set out in five sections. The first outlines the causes of recent food price variations, one of which suggests these variations may signal lasting scarcities in the agricultural sector. The second section presents key policy recommendations to address price volatility and its consequences for food security, including coordination of national storage policies and limiting the growth of demand for agricultural products in developing countries.

The third part of the report discusses how international food price rises have been reflected in domestic prices in developing countries. The fourth section outlines policy recommendations at the national level, stressing that these must be adapted to the local context, and the report concludes by discussing the role of the CFS in relation to price volatility and food security.


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