Title: 2007–2008 world food price crisis - Wikipedia
Headings: 2007–2008 world food price crisis
2007–2008 world food price crisis
Contents
Drastic price increases and possible causes
World population growth
Increased demand for more resource intensive food
Effects of petroleum and fertilizer price increases
Declining world food stockpiles
Financial speculation
Commodity index funds
Effects of trade liberalization
Effects of food for fuel
Biofuel subsidies in the US and the EU
Idled farmland
Agricultural subsidies
Distorted global rice market
Crop shortfalls from natural disasters
Soil and productivity losses
Rising levels of ozone
Rising prices
In developed countries
United States
Effects on farmers
Relationship with 2008 Chinese milk scandal
Unrest and government actions in individual countries and regions
Tunisia
Morocco
Bangladesh
Brazil
Burkina Faso
Cameroon
Côte d'Ivoire
Egypt
Ethiopia
Haiti
India
Indonesia
Latin America
Mexico
Mozambique
Pakistan
Myanmar
Panama
Philippines
Russia
Senegal
Somalia
Tajikistan
Yemen
Projections and early mitigation efforts
After the crisis
Actions by governments
Food price decreases
See also
References
External links

Content: The percentage of growth was fastest in the early rapid growth stage. In developed counties the yield growth slowdown has been less for maize than for wheat and soybeans. In developing countries maize yields are still rapidly rising. Contents
1 Drastic price increases and possible causes
1.1 World population growth
1.2 Increased demand for more resource intensive food
1.3 Effects of petroleum and fertilizer price increases
1.4 Declining world food stockpiles
1.5 Financial speculation
1.5.1 Commodity index funds
1.6 Effects of trade liberalization
1.7 Effects of food for fuel
1.8 Biofuel subsidies in the US and the EU
1.9 Idled farmland
1.10 Agricultural subsidies
1.11 Distorted global rice market
1.12 Crop shortfalls from natural disasters
1.13 Soil and productivity losses
1.14 Rising levels of ozone
2 Rising prices
2.1 In developed countries
2.1.1 United States
3 Effects on farmers
3.1 Relationship with 2008 Chinese milk scandal
4 Unrest and government actions in individual countries and regions
4.1 Tunisia
4.2 Morocco
4.3 Bangladesh
4.4 Brazil
4.5 Burkina Faso
4.6 Cameroon
4.7 Côte d'Ivoire
4.8 Egypt
4.9 Ethiopia
4.10 Haiti
4.11 India
4.12 Indonesia
4.13 Latin America
4.14 Mexico
4.15 Mozambique
4.16 Pakistan
4.17 Myanmar
4.18 Panama
4.19 Philippines
4.20 Russia
4.21 Senegal
4.22 Somalia
4.23 Tajikistan
4.24 Yemen
5 Projections and early mitigation efforts
6 After the crisis
7 Actions by governments
8 Food price decreases
9 See also
10 References
11 External links
Drastic price increases and possible causes
Between 2006 and 2008 average world prices for rice rose by 217%, wheat by 136%, corn by 125% and soybeans by 107%. In late April 2008 rice prices hit 24 cents (US) per US pound, more than doubling the price in just seven months. World population growth
Growth in food production was greater than population growth since 1961. Although some commentators have argued that this food crisis stems from unprecedented global population growth, others point out that world population growth rates have dropped dramatically since the 1980s, and grain availability has continued to outpace population. To prevent price growth, food production should outpace population growth, which was about 1.2% per year. But there was a temporary drop in food production growth: for example, wheat production during 2006 and 2007 was 4% lower than that in 2004 and 2005.