If many countries seek to transfer price risk to others, the outcome is likely to be ineffective (Martin and Anderson, 2012). In the case of a large exporter, or if a number of exporting countries that are collectively large in the market impose export restrictions, the effect is to increase the world price of the staple food. If, in addition, importing countries reduce tariffs on food imports in an attempt to avoid adverse impacts on consumers, the increases in world prices resulting from the initial price shock and the restrictions imposed by exporters will be further compounded.