Managing Food Price Inflation in South Asia

The surge in global commodity prices of the past few years has presented a tremendous development challenge to South Asian countries. On a net basis South Asia is estimated to have suffered an income loss equivalent to some 9.6 percent of Gross Domestic Product (GDP) between January 2003 and April 2...

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Bibliographic Details
Main Authors:	Ahmed, Sadiq, Jansen, Hans G.P.
Format:	Publication
Language:	English
Published:	Dhaka: The University Press Limited 2013
Subjects:	adverse consequences adverse effect Adverse effects Agriculture average price average prices average productivity Bank office basic needs binding constraint butter capital inflows cereal production cereals civil war commodities commodity commodity price commodity prices comparative advantage comprehensive strategy Consumer price Consumer price inflation consumers cost increase crop insurance currency current account surplus demand management developing countries domestic market Domestic Price domestic prices economic efficiency Economic growth Economic Liberalization edible oils eggs elasticity emerging markets energy prices expenditure expenditures fair financial crisis fiscal deficit Fiscal deficits fiscal policy flour mills food availability food consumption food crops food distribution food exports Food for work food grains food markets food policies Food Policy Food Policy Research Food Price Food Price Inflation Food Prices Food Production food products Food Rations Food Security food shortages food stocks Food subsidies food surpluses Foodgrains foods Future Prospects GDP Global Economy global market global standards government budget Government intervention Government Interventions Grain Production growth rate growth rates hedge fund IFPRI income income groups incomes inefficiency inflation rates inflationary pressure inflationary pressures input prices International Food Policy Research Institute macroeconomic context macroeconomic policies maize market expectations market price market prices meal meat monetary policies monetary policy natural disaster natural disasters output outputs paddy petroleum prices political economy price cap price controls price effect price increase price increases price index price stabilization price support Price Trends price volatility Pricing policies pricing policy producer price productivity productivity growth public policy public safety net pulses Purchasing Purchasing Power rapid economic growth rate of growth Real GDP rent seeking retail retail price Rice risk reduction rural infrastructure Safety Net Safety Nets sale Sales seafood security concerns Social Protection social safety net stabilization policies stock management suppliers surplus trade balance trade barriers trade opportunities trade policies trade policy trade reforms value added wage rates wages wealth WFP Wheat Wheat flour Wholesale price Wholesale price indices wholesale prices World Development Indicators World Food Program world market
Online Access:	http://hdl.handle.net/10986/16357

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Summary:	The surge in global commodity prices of the past few years has presented a tremendous development challenge to South Asian countries. On a net basis South Asia is estimated to have suffered an income loss equivalent to some 9.6 percent of Gross Domestic Product (GDP) between January 2003 and April 2008. Although much of the income loss resulted from the hike in petroleum prices, the surge in food prices between January 2007 and April 2008, especially of staple food ? wheat and rice ? has created tremendous adverse social impact in South Asia. All countries have witnessed unprecedented surge in food prices, although India was able to limit this increase owing to good harvests and timely interventions using stock management and public food distribution. Net food importing countries like Afghanistan, Sri Lanka and Bangladesh have suffered the most from the food price crisis. The emerging global financial crisis is adding fuel to the fire, with expected future adverse consequences for macroeconomic balances and growth.

Managing Food Price Inflation in South Asia

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