Buyers and sellers meet in a market in Bangladesh, where the price of cereals has risen sharply in recent months. WFP/Chu Cancan
Three years after the 2008 food and financial crises, food prices on international markets are rising again. Price volatility hits poor people the hardest, as they already spend the majority of their income on feeding their families.
ROME – The food price hikes on international markets are currently impacting some countries much more than others. In certain areas of Africa, for example, good maize harvests are helping to buffer the shock. And in much of Asia the price of rice – the staple food for millions of people – remains about half of what it was during the crisis of 2008.
But in other areas of the world, the poor are clearly feeling the effects. According to the World Bank, rising food prices have pushed 44 million people into severe poverty and hunger since June last year. Find out more
Here are four people in different continents who are seeing the effects of rising food prices in their lives as buyers and sellers of food.
WFP and food prices
Rising food prices affect WFP in two ways: it costs us more to purchase food for the hungry and, the number of people needing food assistance increases.
Five things we can do
WFP has drawn up a 5-point action plan to help countries to cope with rising food prices and to address the challenges of providing a stable food supply for the most vulnerable populations.
Podcast: What's Going On With Food Prices?
Valerie Guarnieri, the head of WFP’s Programme division, discusses the latest hikes in global food prices, explaining the differences between the situation now and in 2008 and outlining what can be done to protect the world’s poor.
Market stallholder in Haiti
Farm labourer in Guatemala
Baker in the West Bank
Woman at the market in Kyrgyzstan
Snapshots from 6 countries
In Mauritania, an average food basket has risen 40% in the last year. In Kyrgyzstan the price of wheat has soared. Find out more about the food price scenario in a selection of affected countries.