PRESS RELEASE OF THE CIIA

March 15th, 2011

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CIIA proposes setting up 2 food price indexes

 

 

The current food price index published by FAO is too general and is not operational for good global food governance.

CIIA proposes to complement the overall index published monthly by two warning indexes:

- an indicator on the prices of food for urban poor people (Price Index for feeding Urban Poor PIFUP). It should take into account the urbanization rate and the degree of income dispersion in each country;

- a second indicator integrating the rate of dependence on imports of agricultural commodities and the average over cost of the supply chain (supply chain dependency food price index-DI). It would allow evaluating the potential repercussions of excessive price volatility international and / or a regional natural disaster.

 

 

 

 

 

Organisation Internationale Intergouvernementale

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