The dramatic surge in food prices in 2007-2008 seriously threatened the world's poor, who struggle to buy food even under normal circumstances, and led to protests and riots in the developing world. The crisis eventually receded, providing some measure of relief to the food security of citizens in the countries that were most affected by the price surge, yet the specter of another crisis remains as researchers and policymakers alike search for ways to stabilize market prices and ensure food security for the poor.
As part of its research mandate, IFPRI's Markets, Trade and Institutions Division (MTID) is working to develop a series of research tools for monitoring quantitative and qualitative information related to three primary international agricultural commodity markets: wheat, maize and rice. We draw much of this information from public, authoritative sources including FAO, USAID, the World Bank and others, along with commercial data providers who report on daily agriculture market prices and futures prices. With these tools, users will be able to combine time series of international agricultural commodity prices with other related information such as real-time news stories and synopses of major events related to global commodity price fluctuations.
Copyrights and Disclaimer
The tools and data presented in this site are facilitated by IFPRI and results from a cooperative effort between many organizations and institutions. As mentioned above, the data sources for this project include a mix of publicly available data on international commodity prices and exchange rates and commercially available market and futures prices. Data sources include the following:
· Food and Agriculture Organization (FAO) of the United Nations
· United States Department of Agriculture (USDA)
· United States Energy Information Administration (EIA)
· Federal Reserve Bank of St. Louis
· Chicago Board of Trade
· International Food Policy Research Institute (IFPRI)