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Abstract
During the first quarter of 2008, the nominal prices of major food items have
reached their highest level in nearly 50 years, while prices reached their actual level
record in nearly 30 years. Indeed, prices of agricultural products rose sharply in
2006 and 2007 reported an increase more marked in the first quarter of 2008.
The FAO food price index rose an average of 8% in 2006 compared to the year
earlier and 24% in 2007 compared to 2006. The increase in the average index for
first three months of 2008 compared to first quarter 2007 was 53%. Soaring
persistent price is mainly due to vegetable oils, which rose to
more than 97% during the same period, followed by cereals (87%), dairy (58%) and
rice (46%). According to the latest report published by the World Bank on rising prices
Food prices global wheat prices rose 181% during the period of 36 months
elapsed until February 2008, and global food prices have increased
overall 83%. According to the United Nations Food and
Agriculture, the 36 countries facing a food security crisis, 21 are in Africa.
In sub-Saharan Africa, rising food prices has had repercussions
Social quite important