Country responses to the food security crisis:Nature and preliminary implications of the policies pursued
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The downward trend of real food prices for the past 25 years came to an end when world prices started to rise in 2006 and escalated into a surge of price inflation in 2007 and 2008. Prices of staple foods, such as rice and vegetable oil, doubled between January and May 2008. The upturn coincided with record petroleum and fertilizer prices...