When food prices spiked in 2008, the international price of basic food items peaked at unprecedented levels, bringing a wave of food riots in low-income countries. Subsequent price volatility and peaks have had huge – and long term – impacts on millions of people. They have increased people’s dependence on the market for where they obtain their food and the means to buy it, and accelerated urbanisation and migration, especially by the young. HRNS and Coffee Kids both saw that coffee farmers, already struggling with an erratic coffee market, suffered immensely.
Life in a Time of Food Price Volatility was a real-time investigation by IDS and Oxfam of the experiences of people on low and uncertain incomes as they made dramatic adjustments to their place in the global economy in the wake of the food and financial crises that began in 2007.
Check out the learnings from the study below.