The Role of Information and Communications Technology in Making Sense of Global Food Prices

Sunday, February 19, 2012: 10:00 AM-11:30 AM
Room 217-218 (VCC West Building)
Access to food in many countries is recurrently at risk due, among other reasons, to unexpected increases in the international commodity and food prices. The rationale behind commodity price spikes is complex. However, it seems clear that sudden market or policy reactions amplify the impacts. To increase transparency and avoid these sudden reactions, international organizations are providing agro-economic monitoring tools. Research can and must contribute. It can be particularly useful in providing short- and medium-term market outlooks for agricultural commodities and their links to farm level impacts, which have some influence on investment, production, and policy decisions. Information and communication technologies also have a prominent role to play to adequately disseminate this information. Core questions include the following: What kind of information is needed for the different actors and levels (global, regional, and local) to better tackle food provision and food security issues? How can information from deterministic economic and food outlooks potentially mislead decision-makers and investors? And, finally, how can global partnerships contribute to the timely dissemination of validated information on the food sector? The solution requires collaboration between economists, market analysts, and information technologists. This symposium explores explore ways to "leak" information, to allow decision-making based on well-founded data and contribute to avoiding food crises.
Organizer:
Jacques Delince, European Commission, Joint Research Center (JRC), Institute for Prospective Technological Studies
Co-Organizer:
Geraldine Barry, European Commission, JRC
Moderator:
Javier Blas, Financial Times
Speakers:
Josef Schmidhuber, U.N. Food and Agriculture Organization
How Could This Happen Again? The Need for Timely and Validated Information
Robert M'Barek, European Commission, Joint Research Center
Science Against Hunger: Monitoring and Forecasting Tools To Avoid Food Crises
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