Publisher's Synopsis
An understanding of food demand and food trends across countries and the ability to predict potential shifts in demand for different food products is an invaluable tool for all individuals involved in the agricultural sector. In a 2003 report, International Evidence on Food Consumption Patterns, ERS and collaborating economists estimated income and price elasticities of demand for broad consumption categoriessuch as food, clothing, education, and other goodsand for food categories such as cereals, meats, and dairy across 114 countries using 1996 International Comparison Program (ICP) data. These elasticities measure the degree to which consumption changes when prices or incomes change. This book provides an update on the International Evidence on Food Consumption Patterns using the 2005 International Date Program Data; and discusses global drivers of agricultural demand and supply.
