Prices for most agricultural commodities have increased during the second half of 2010, due to a number of factors including unexpected shortfalls
in supply caused by unfavourable weather events, policy responses by some exporting countries and fluctuations in currency markets. International prices may rise even more if production in 2011 does not increase significantly, especially for maize, soybean and wheat. The price of rice, the supply of which, according to FAO, had been more adequate than other cereals, could be affected if prices of other major food crops continue to climb.

While high food prices can negatively impact the food security of vulnerable households, they can also create opportunities for developing agricultural production and rural development. The current situation calls for continued responses from governments and the international community; policies need to be adjusted and programmes put in place to address negative impacts and tap into opportunities.

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UN Guide to Soaring Food Prices

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