Saturday, 01 January 2011

SADRN Policy Brief 7: The 2007/2008 food crisis: The case of maize and maize taxation in Southern Africa

  • Project: SADRN
  • Year: 2011

Maize is the most important staple cereal consumed in the Southern African region. Global warming and accompanying increased volatility in rainfall, rising populations and the shift to maize-fed biofuels pose risks of substantial price increases in the future that may affect food security.

The general view is that a combination of factors was responsible for the 2006-2008 food and oil crises, including increased demand for food and oil, rising prices, currency fluctuations, climatic conditions in producer countries, export restrictions, speculation in commodities markets and lack of productivity growth in key sectors.

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