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Causes of the Global Food Crisis and Its Impact on the Arab World

In: The Political Economy of Arab Food Sovereignty

Author

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  • Jane Harrigan

    (University of London)

Abstract

Chapter 1 illustrated the magnitude of the global food crisis in the form of escalating prices in 2007–08 and 2010–11 (Figure 1.1 in Chapter 1). We also argued in Chapter 1 that the structural causes underpinning this crisis are likely to persist such that high and volatile food prices will continue. Figure 1.1 in Chapter 1, was based on a composite price index. The FAO food price index is a measure of the monthly change in international prices of a basket of food commodities. It consists of the average of five commodity group price indices (representing 55 quotations), weighted with the average export shares of each of the groups for 2002–04. Figures 4.1 through 4.5 show the price trends for the five commodity groups that constitute the index. As can be seen, the commodity groups showed sharp price increases in 2007–08 and 2011, although the increase was less pronounced for the meat price index (Figure 4.1).

Suggested Citation

  • Jane Harrigan, 2014. "Causes of the Global Food Crisis and Its Impact on the Arab World," Palgrave Macmillan Books, in: The Political Economy of Arab Food Sovereignty, chapter 4, pages 73-114, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-33938-6_4
    DOI: 10.1057/9781137339386_4
    as

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