This process entails a detailed public policy framework comprising of agricultural policies underscoring sustainability as well as enhancements in productivity, factor and product pricing and ensuring food availability through functioning markets.
In developing countries with structural bottlenecks and weak institutions, the state’s responsibility needs to be shared by commodity traders as well.
Uptil 2004, pricing and availability trends in basic food commodities remained more or less stable apart for the years when crops failed.
However, since 2004 food commodities pricing and availability have seen constant volatility.
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