The ongoing drought in the U.S. and threats of food crises around the world point to the need for new solutions to cope with unstable weather and harvests. Since the first food price crisis in 2008, IATP, along with a growing number of civil society organizations, researchers and governments, have renewed and refocused work on grain reserves as a response to significantly diminished food stocks for international markets and an important instrument to build food security. In July 2012, IATP released Grain Reserves and the Food Price Crisis: Selected Writings from 2008--2012.
Commodity price volatility driven by financial institution speculation continues to increase raw materials costs for businesses and the cost of consumer goods, particularly food and energy. U.S. commodity regulators are scheduled to vote on October 18 on an important rule to limit control of commodity contracts by financial speculators. European Union legislation affecting commodity markets, particularly "dark market" practices, is scheduled for release on October 20. Both U.S.
Over the last five years, global food prices have risen dramatically, and become much more volatile. After decades of low prices, disruptions in global agriculture markets are having serious effects on food security, farmers and the environment.