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  DOI Prefix   10.20431


 

International Journal of Managerial Studies and Research
Volume 2, Issue 2, 2014, Page No: 34-47

Global Food Price Hike

Haradhan Kumar Mohajan 1

1.Faculty of Business Studies, Premier University, Chittagong, Bangladesh

Citation : Haradhan Kumar Mohajan, Global Food Price Hike International Journal of Managerial Studies and Research 2014 , 2(2) : 34-47

Abstract

This paper discusses the global food price hike and the effects of it among the poor of developing countries. Increase of food price became severe during 2007 and 2008, which was high in the last fifty years and more than half of the populations of the world affected due to this price hike. Biofuels production is one of the main causes of food price increase. Rapid increase of world population is another cause of soar of food price. Global supply and demand of food commodities, low harvest and natural calamities are also some other causes of increasing of the food prices. Soaring food prices have generated global concern about threats to food security, shaking the satisfaction created by many years of comparatively low commodity prices. Right of food is a fundamental right of every citizen of the state; unfortunately citizens of the most countries are deprived from this right. Many developing countries use food price subsidies or price controls to mitigate hunger and improve the nutrition of the poor but this is not a permanent solution to control food price hike


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