Can West Africa Weather the Tempest of Rising World Food Prices?

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It’s been called a perfect storm, the convergence of bad weather, tight supplies and increasing demand that is responsible for driving up food prices across the globe by an average 21 percent in the past year. The United Nations Food and Agriculture Organization contends that developing countries may end up paying even more. Price volatility and shocks have long been defining characteristics of the world agriculture market. But this year, consumers have seen simultaneous price increases across the board in nearly every commodity. Throughout most of the developed world, higher grocery bills luckily remain only a nuisance, although fears of […]

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