Global Food Crisis 2011 Update

Soaring food prices, which the World Bank says have hit “dangerous levels,” have thrust the issue of food security sharply into the global spotlight over the past week.

From Asia to the Middle East and to Latin America, the trends of food prices have aroused widespread public concerns globally and in the developing world in particular.

World Bank Group President Robert B. Zoellick warned on Tuesday: “Global food prices are rising to dangerous levels and threaten tens of millions of poor people around the world.”

Rising food prices have driven an estimated 44 million people into poverty in developing countries since last June, as food costs continue to rise to near 2008 levels.

The latest edition of Food Price Watch, a research publication by the World Bank, showed that its food price index rose by 15 percent between October 2010 and January 2011. It is 29 percent above its level a year earlier and only 3 percent below its 2008 peak.

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