IWS Documented News INTERNATIONAL

IWS Documented News Service
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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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Asian Development Bank (ADB)

Global Food Price Inflation and Developing Asia [26 April 2011]

http://www.adb.org/documents/reports/global-food-price-inflation

or

http://www.adb.org/documents/reports/global-food-price-inflation/food-price-inflation.pdf

[full-text, 39 pages]

Press Release 26 April 2011

Soaring Food Prices Again Threaten to Push Millions of Asians into Poverty - ADB

http://www.adb.org/Media/Articles/2011/13534-asian-food-prices/

MANILA, PHILIPPINES - Resurgent global food prices, which posted record increases in the first two months of 2011, are again threatening to push millions of people in developing Asia into extreme poverty, says a new report from the Asian Development Bank (ADB) titled 'Global Food Price Inflation and Developing Asia'.

Food prices had been expected to continue a gradual ascent in the wake of the sharp spike in 2008. The report says that fast and persistent increases in the cost of many Asian food staples since the middle of last year, coupled with crude oil reaching a 31-month high in March, are a serious setback for the region which has rebounded rapidly and strongly from the global economic crisis.

Domestic food inflation in many regional economies in Asia has averaged 10% in early 2011. The ADB study finds that a 10% rise in domestic food prices in developing Asia, home to 3.3 billion people, could push an additional 64 million people into extreme poverty based on the $1.25 a day poverty line.

AND MORE....

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)

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Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 262-6041               
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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