The World Food Day theme for 2011 is "Food prices - from crisis to stability". Price swings, upswings in particular, represent a major threat to food security in developing countries. Hardest-hit are the poor. According to the World Bank, in 2010-2011 rising food costs pushed nearly 70 million people into extreme poverty. Food prices are now at an all time high and have gone up 40% over the past 4 years. Prices for cereals have gone up even more with staples such as wheat up 64% and corn more than doubling in price in just the last year. This spike in food prices puts at risk the eradication of hunger and child malnutrition.
“FOOD PRICES – FROM CRISIS TO STABILITY” has been chosen as this year’s World Food Day theme to shed some light on this trend and what can be done to mitigate its impact on the most vulnerable.
On World Food Day 2011, let us look seriously at what causes swings in food prices, and do what needs to be done to reduce their impact on the weakest members of global society.