Global Food Price Inflation and Developing Asia

Publication | March 2011

Higher food prices erode the purchasing power of households in developing Asia and undermine the region's recent gains from poverty reduction. A 10% rise in domestic food prices could push an additional 64.4 million into poverty.

Price
  • US$23.00 (paperback)

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.

Contents 

  • Abstract
  • Introduction
  • Causes of High Food Prices
  • Transmission of Global Food Prices to Domestic Prices
  • Food Price Near-Term Outlook
  • Effects of High and Rising Commodity Prices
  • Policies for Enhancing Food Security
  • Conclusion
  • References
  • Appendix 1: Impact of Food Price Increases on Poverty for 25 Developing Asian Countries, $1.25-a-day Poverty Line
  • Appendix 2: National Policies to Address Rising Food Prices (as of 16 February 2011)

Additional Details

Type
Subjects
  • Poverty
SKU
  • RPT113155
ISBN
  • 978-92-9092-269-8 (Print)
  • 978-92-9092-282-7 (Web)

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