Food price spikes, volatility not the same issue

(PhysOrg.com) -- When global food prices rose sharply starting in late 2010 and hit an all-time high in February, many leaders, including the presidents of the World Bank and of France, spoke about the increases and conflated them with issues of food price volatility. In a paper published online July 13 in the journal Foreign Affairs, Cornell economist Chris Barrett argues that international leaders should treat the spike in prices and food price volatility as separate problems.

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