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Session 1 The Food Crisis And The Region

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The Food Crisis and the Region: Evidence and challenges Enrique Aldaz-Carroll “ World Bank-CSO East Asia Pacific Regional Workshop” Jakarta, June 18, 2008 [email_address]
Structure of presentation ,[object Object],[object Object],[object Object],[object Object],[object Object],Context: International food prices increased 20% and energy prices 35% over the first half of 2008. Increases not seen since 1970s
Drivers of high grain prices Wheat and course grains demand Change from 2005 to 2007, mt USA biofuels EU biofuels Other biofuels Feed and food Note : Grain demand for biofuels jumped from 2.8% of total demand to 5.5%. Source : OECD-FAO Agricultural Outlook 2008-2017. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],In the case of rice, about half of the 250% price increase in 2008 is due to trade restrictions and tendering behavior
Looking ahead: decline after 2008 peak, but permanent rise relative to 2000 Source : World Bank.
Regional impact of high commodity prices and global slowdown ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Fuel subsidies reduce the availability of public resources Indonesia: Energy subsidies amount to 2½ times social assistance Higher oil prices cause fiscal strain for the Asian countries that subsidize fuel prices: ,[object Object],[object Object]
Take away messages ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Session 1 The Food Crisis And The Region

  • 1. The Food Crisis and the Region: Evidence and challenges Enrique Aldaz-Carroll “ World Bank-CSO East Asia Pacific Regional Workshop” Jakarta, June 18, 2008 [email_address]
  • 2.
  • 3.
  • 4. Looking ahead: decline after 2008 peak, but permanent rise relative to 2000 Source : World Bank.
  • 5.
  • 6.
  • 7.