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The food system is one of the economic sectors most sensitive to the potential consequences of price volatility. The expectation is that price volatility will continue for at least the near term. Public and private sector decision makers around the region need the best possible information to address this challenge.

This year’s report analyzes the underlying factors driving volatility; the potential nearterm implications for production agriculture, food security, and the broader food system; and the nature of measures and approaches that governments and the private sector might employ to reduce potential adverse economic impacts.