Volume 15, Number 6, Novembre-Décembre 2008
|Page(s)||351 - 363|
|Section||Économie – Développement|
|Published online||15 November 2008|
Les causes de l’essor et de l’éclatement de la bulle des prix agricoles
14, Cheminement du Professeur Bühl, 31100
The article analyses the short term and structural causes of the explosion and collapse of agricultural prices. It exempts China and India and underlines the U.S. and EU responsibilities: agrofuels, financial speculation, lower ending stocks of cereals, their food trade deficit and the EU deficit in cereal trade in 2007-08. The article reminds the structural mechanisms having undermined the agricultural economies of developing countries, victims of food riots, following the progressive liberalization of agricultural trade.
Key words: agricultural prices / agricultural policies / biofuels / food trade / stocks
© John Libbey Eurotext 2008
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