@book{7db06871a299430587fc022d421c1226,
title = "Why are current world food prices so high? : a memo",
abstract = "World agricultural prices are very volatile which is due to traditional characteristics of agricultural markets such as inelastic (short run) supply and demand curves. A combination of record low global inventory levels, weather induced supply side shocks, surging outside investor influence, record oil prices and structural changes in demand for grains and oilseeds due to biofuels have created the high prices. The question is whether it is a coincidence that the past and current high price levels coincide with high oil prices or whether other reasons for the current price peak are more important.",
keywords = "agrarische economie, wereldmarkten, landbouwprijzen, voedselprijzen, voedselproductie, natuurlijke hulpbronnen, landbouwbeleid, marktprijzen, consumentenprijzen, goederenmarkten, basisproducten, aanbod, vraag, economische groei, populatiegroei, gewasproductie, marktstructuur, economische aspecten, biobased economy, agricultural economics, world markets, agricultural prices, food prices, food production, natural resources, agricultural policy, market prices, consumer prices, commodity markets, commodities, supply, demand, economic growth, population growth, crop production, market structure, economic aspects, biobased economy",
author = "M.A.H. Banse and P.L. Nowicki and {van Meijl}, H.",
year = "2008",
language = "English",
series = "Report / LEI : International policy",
publisher = "LEI Wageningen UR",
}