Global Agricultural Supply and Demand: Factors Contributing to the Recent Increase in Food Commodity Prices

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英文名称：

Global Agricultural Supply and Demand: Factors Contributing to the Recent Increase in Food Commodity Prices

作者：

Ronald Trostle

工作单位：

USDA's Economic Research Service

来源地址：

https://www.ers.usda.gov/publications/pub-details/?pubid=40464

关键词：

agricultural prices;  food prices;  prices;  supply;  demand;  global supply;  global demand; 

年份：

2008

出版地：

Washington, DC, USA

总页数：

30 pp

语种：

English

摘要：

World market prices for major food commodities such as grains and vegetable oils have risen sharply to historic highs of more than 60 percent above levels just 2 years ago. Many factors have contributed to the runup in food commodity prices. Some factors reflect trends of slower growth in production and more rapid growth in demand, which have contributed to a tightening of world balances of grains and oilseeds over the last decade. Recent factors that have further tightened world markets include increased global demand for biofuels feedstocks and adverse weather conditions in 2006 and 2007 in some major grain and oilseed producing areas. Other factors that have added to global food commodity price inflation include the declining value of the U.S. dollar, rising energy prices, increasing agricultural costs of production, growing foreign exchange holdings by major food importing countries, and policies adopted recently by some exporting and importing countries to mitigate their own food price inflation.