FAO URGES COUNTRIES TO ADAPT TO FOOD PRICE VOLATILITY
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ROME— The United Nation's Food and Agriculture Organization (FAO) Director-General José Graziano da Silva urged attendees of a ministerial meeting on international food prices to take advantage of the current calm in prices to prepare for future market turbulence and find lasting solutions to the issues surrounding food price volatility.
“International prices have declined but they are still above their historical levels. And prices are expected to remain volatile over the next years," Graziano da Silva said. “If higher and volatile prices are here to stay, then we need to adapt to this new pattern."
The two critical issues for countries to address are how to help poor small-scale farmers benefit from the higher food prices, and how to protect low-income families who suffer as a result of them, he said.
Graziano da Silva recommended farmers reinvest in agriculture, and called for policies that ensure small-scale farmers have the means to take advantage of the current uptick in prices. To protect low-income families, the Director-General called for strengthening social protection programs, including cash transfers to extremely poor households, and creating new ways to link social protection and support for agricultural production.
Price volatility has been an ongoing issue in recent years. Prices hit a record high in December 2010and then continued to climb in 2011. By the end of 2011, prices dropped to an 11-month low and continued dropping into 2012. Prices began to rise toward the end of 2012, only to slump into a 3-month decline by July 2013.
The two critical issues for countries to address are how to help poor small-scale farmers benefit from the higher food prices, and how to protect low-income families who suffer as a result of them, he said.
Graziano da Silva recommended farmers reinvest in agriculture, and called for policies that ensure small-scale farmers have the means to take advantage of the current uptick in prices. To protect low-income families, the Director-General called for strengthening social protection programs, including cash transfers to extremely poor households, and creating new ways to link social protection and support for agricultural production.
Price volatility has been an ongoing issue in recent years. Prices hit a record high in December 2010and then continued to climb in 2011. By the end of 2011, prices dropped to an 11-month low and continued dropping into 2012. Prices began to rise toward the end of 2012, only to slump into a 3-month decline by July 2013.
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