Surge in world wheat prices: Learning from the past
How can countries cope in the short and medium term with the sharp rise in wheat prices? The global movements of the past suggest that in the case of wheat, prices are influenced by the stock and output policies of just a handful of countries. It would be dangerous for large countries like China and India to depend on the global market for their food security. And it is time world bodies consider establishing a global reserve to help food-deficit countries in times of crisis.