The world rice market was aflame last spring and for several months it looked as if the trading edifice that had exhibited such resilience over the last two decades was going to burn to the ground. World prices trebled within less than four months and reached a 30-year inflation-adjusted high....

World cereal prices have been increasing substantially since 2003. Until 2008, the Asian countries examined in this paper (Bangladesh, China, India, Indonesia, the Philippines, Thailand and Viet Nam) had generally been able to contain domestic price increases by using trade policies and taking...

Following the surge in world food prices of 2007–2008, there has been a revival of short-run household welfare analysis that seeks to understand whether food price increases are beneficial or detrimental for households. For a number of reasons, including lack of data in some instances, the...