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14 Apr 2011 description
report World Bank

Press Release No:2011/430/PREM

WASHINGTON, April 14, 2011— Driven in part by higher fuel costs connected to events in the Middle East and North Africa, global food prices are 36 percent above their levels a year ago and remain volatile, pushing people deeper into poverty, according to new World Bank Group numbers released today.

15 Feb 2011 description
report World Bank

Press Release No:2011/333/PREM

WASHINGTON, February 15, 2011 - 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, according to new World Bank Group numbers released ahead of the G20 Meeting of Finance Ministers and Central Bank Governors in Paris.

"Global food prices are rising to dangerous levels and threaten tens of millions of poor people around the world," said World Bank Group President Robert B. Zoellick.

10 Feb 2011 description
report World Bank

Press Release No:009

February 10, 2011 - "The biggest challenge facing most developing countries is the risk of a big boost in food prices. Food accounts for a large and increasingly volatile share of family budgets for poor and urban families. When prices of staple foods soar, poor countries and poor people bear the brunt."- World Bank Group President Robert B. Zoellick

BACKGROUND:

Costs for some basic foods are nearing or beyond the peaks of 2008. The World Bank expects volatile, higher than average grain prices until at least 2015.