Intervention on biofuels and the Japan WTO rice stock to stabilise world food prices
نویسندگان
چکیده
On international markets, prices of grains (wheat, maize) and vegetable oils (rapeseed, sunflower, soybean, palm) have been rising since mid-2020. Biofuels play a major part in this increase, the war Ukraine, which began February 2022, has exacerbated it. fact link price these commodities to that crude oil: when oil rises, biofuels industry increases its demand for maize oils. Temporarily limiting industrial usage would reduce commodities. Moreover, case an increase rice prices, one solution be authorise Japan export stock it built up under World Trade Organization (WTO) rules. In order prevent future crises, two levers could activated as soon world agricultural reach predetermined levels.
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ژورنال
عنوان ژورنال: Perspective
سال: 2022
ISSN: ['2275-9131', '2276-397X']
DOI: https://doi.org/10.19182/perspective/36954