GLOBAL CRISIS AND FARM EXPORTS

摘要

The ups and downs in global commodity prices remain a source of concern for the farm sector, which also has to bear with uncertainties of weather at home. Constrained by the availability of key inputs such as land and water, there is little room for immediate and significant responses to deal with large fluctuations in output prices and supplies, other than stocking up supplies or releasing them for consumption. Trade cooperation is supposed to spread risk and available supplies. The steep rise and fall of international commodity prices in recent years points to both the benefits and risks of liberal or protective trade regimes. The experience has also shown that a liberal trade policy regime itself becomes vulnerable in times of crisis. This balancing act will continue, but there is a need to expand markets.