Les causes de l’essor et de l’éclatement de la bulle des prix agricoles

14, Cheminement du Professeur Bühl, 31100 Toulouse

^* jacques.berthelot4@wanadoo.fr

Abstract

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.