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Global food price inflation and developing Asia [1]

The specter of high commodity prices has recently reemerged, with global food prices registering a new peak in February 2011, triggered mainly by production shortfalls due to bad weather. The 30% hike in international food prices has translated to an average domestic food price inflation in developing Asia of about 10%. This could push an additional 64.4 million Asians into poverty, or lead to a 1.9 percentage point increase in poverty incidence based on the $1.25-a-day poverty line. The frequency with which food price spikes have occurred in recent years suggests that short- and long-term solutions need to be implemented to secure food supplies for the world's growing population.

Publication Date: 
01/03/2011
Asian Development Bank [2]
Tags:
Food Prices [3], Asia [4], India [5], Food Security [6], Developing Countries [7], Poverty [8], Food Supply [9], Climate Change [10], Subsidies [11], Trade [12], Rice [13], Wheat [14], Weather Predictions [15], Agriculture [16], Food Policy [17]

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Source URL: http://admin.indiaenvironmentportal.org.in/reports-documents/global-food-price-inflation-and-developing-asia

Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/global-food-price-inflation-and-developing-asia
[2] http://admin.indiaenvironmentportal.org.in/category/publisher/asian-development-bank
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/food-prices
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/asia
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/food-security
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/developing-countries
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/poverty
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/food-supply
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-change
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/subsidies
[12] http://admin.indiaenvironmentportal.org.in/category/thesaurus/trade
[13] http://admin.indiaenvironmentportal.org.in/category/thesaurus/rice
[14] http://admin.indiaenvironmentportal.org.in/category/thesaurus/wheat
[15] http://admin.indiaenvironmentportal.org.in/category/thesaurus/weather-predictions
[16] http://admin.indiaenvironmentportal.org.in/category/thesaurus/agriculture
[17] http://admin.indiaenvironmentportal.org.in/category/thesaurus/food-policy