Intervention on biofuels and the Japan WTO rice stock to stabilise world food prices

Galtier Franck. 2022. Intervention on biofuels and the Japan WTO rice stock to stabilise world food prices. Perspective : 1-4.

Résumé : On international markets, prices of grains (wheat, maize) and vegetable oils (rapeseed, sunflower, soybean, palm) have been rising since mid-2020. Biofuels play a major part in this increase, and the war in Ukraine, which began in February 2022, has exacerbated it. Biofuels in fact link the price of these commodities to that of crude oil: when the crude oil price rises, the biofuels industry increases its demand for maize and vegetable oils. Temporarily limiting this industrial usage would reduce the price of these commodities. Moreover, in case of an increase in rice prices, one solution would be to authorise Japan to export the rice stock it has built up under World Trade Organization (WTO) rules. In order to prevent future crises, these two levers could be activated as soon as world prices of these agricultural commodities reach predetermined levels.

Mots-clés Agrovoc : biocarburant, politique des prix, fixation des prix, stabilisation des prix, prix agricole, prix alimentaire, marché des produits de base, crise économique, produit agricole, OMC, document d'orientation

Mots-clés géographiques Agrovoc : Japon

Mots-clés libres : Price, Price stabilization, Price policy, Food product, Grain, Wheat, Maize, Rice, Vegetable oil, Rapeseed oil, Sunflower oil, Palm oil, Soybean oil, Crude oil, Biofuel, Fossil fuels, Economic crisis, Food Security, Domestic market, World market, Food stock, WTO

Classification Agris : E10 - Économie et politique agricoles
E71 - Commerce international

Champ stratégique Cirad : CTS 3 (2019-) - Systèmes alimentaires

Auteurs et affiliations

• Galtier Franck, CIRAD-ES-UMR MOISA (FRA)

Source : Cirad-Agritrop (https://agritrop.cirad.fr/601501/)

Métriques

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