Blog IICA

Evidences

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Food Inflation

15/11/2023 Go to Evidence

11.3% was food inflation in January 2023 and in June it had dropped to 6.1% in Latin America (CEPAL, FAO y IICA, 2023).

ISPA, 2023

https://opsaa.iica.int/resource-1157-perspectivas-de-la-agricultura-y-del-desarrollo-rural-en-las-americas:-una-mirada-hacia-america-latina-y-el-caribe-2023-2024-las-crisis-alimentaria,-energetica-y-financiera-estan-empujando-a-mas-

General inflation

15/11/2023 Go to Evidence

8.4% was the inflationary peak in June 2022, falling to 4.2% in June 2023 in 18 countries (ECLAC, FAO and IICA, 2023).

ISPA, 2023

https://opsaa.iica.int/resource-1157-perspectivas-de-la-agricultura-y-del-desarrollo-rural-en-las-americas:-una-mirada-hacia-america-latina-y-el-caribe-2023-2024-las-crisis-alimentaria,-energetica-y-financiera-estan-empujando-a-mas-

International energy prices

15/11/2023 Go to Evidence

40% is the projected increase in energy goods since 2021, while food will rise by 11% in 2023 (ECLAC, 2022).

CEPAL, 2022

https://opsaa.iica.int/resources/?thematic-area=&countries=&resource_types=&search=Balance+preliminar+de+las+econom%C3%ADas

Stocks 2.7% lower

60 million tons, equivalent to 2.7% of global production, was the approximate difference between global grain stocks in 2007-2008 and those in 2004-2005.

Torero (2016)

Torero, M. (2016). Alternative mechanisms to reduce food price volatility and price spikes: Policy responses at the global level. In M. Kalkuhl et al. (Eds.), Food Price Volatility and Its Implications for Food Security and Policy. Springer. https://opsaa.iica.int/en/resource-2747-alternative-mechanisms-to-reduce-food-price-volatility-and-price-spikes-policy-responses-at-the-global-level

Restrictions explain 30%

Up to 30% of the price increase in the first six months of 2008 can be explained by trade restrictions, according to IFPRI simulations with the MIRAGE model cited in the chapter.

Torero (2016)

Torero, M. (2016). Alternative mechanisms to reduce food price volatility and price spikes: Policy responses at the global level. In M. Kalkuhl et al. (Eds.), Food Price Volatility and Its Implications for Food Security and Policy. Springer. https://opsaa.iica.int/en/resource-2747-alternative-mechanisms-to-reduce-food-price-volatility-and-price-spikes-policy-responses-at-the-global-level

More volatility days

395 days of excessive volatility were recorded for soft wheat between January 2007 and June 2011, compared with 207 days between December 2001 and December 2006.

Torero (2016)

Torero, M. (2016). Alternative mechanisms to reduce food price volatility and price spikes: Policy responses at the global level. In M. Kalkuhl et al. (Eds.), Food Price Volatility and Its Implications for Food Security and Policy. Springer. https://opsaa.iica.int/en/resource-2747-alternative-mechanisms-to-reduce-food-price-volatility-and-price-spikes-policy-responses-at-the-global-level

Maize and wheat doubled

Between June 2010 and May 2011, international maize and wheat prices roughly doubled; food prices peaked in February 2011.

Torero (2016)

Torero, M. (2016). Alternative mechanisms to reduce food price volatility and price spikes: Policy responses at the global level. In M. Kalkuhl et al. (Eds.), Food Price Volatility and Its Implications for Food Security and Policy. Springer. https://opsaa.iica.int/en/resource-2747-alternative-mechanisms-to-reduce-food-price-volatility-and-price-spikes-policy-responses-at-the-global-level

Rural Basic Food Basket

30/12/2010 Go to Evidence

$137.54 dollars costs the basic food basket in rural areas, while the average salary in agriculture is $129.73 dollars (Martín Manzano, 2012).

$137.54 dólares cuesta la canasta básica alimentaria en la zona rural, mientras que el salario promedio en agricultura es de $129.73 dólares (Martín Manzano, 2012).

Martín Manzano, M. del M. (2012). La FAO y la agricultura familiar: El caso de El Salvador. FAO El Salvador.