Resumen de The volatility of the agricultural markets and the world food crisis
The paper analyzes the main causes of strong and sudden increase in agricultural prices and food prices in the first half of 2008 that caused food crisis, which was complex, multifactorial and not cyclical. After that, significant price reductions on 2009 and part of 2010 have taken place and again price increased strongly from August 2010 until July 2011. This situation supports the view of a strong agricultural price volatility, which is one of the problems concern to the international community, as evidenced by the fact that the G-20 considered the issue of agricultural market volatility and its impact on the global food crisis as one of the key themes in 2011 under the French Presidency. Structural causes of the high volatility and particularly strong and price spikes, particularly the supply-demand imbalance and climate change, mean that humanity faces a challenge of long-term food supply, which can only be solved through innovation and technology adoption, increased agricultural investment, design and implementation of appropriate agricultural policies and a new global governance for food and agriculture.
